• Bitcoin "danger zone" has done its job with two 18% pullbacks.
  • Perhaps the bear cycle does not dip as hard with different types of buyers entering this cycle.
  • Historically, Bitcoin has peaked in its bull market 518 to 546 days after the halving.

Bitcoin (BTC) price action over the past few weeks has had traders at the edge of their seats amid skyrocketing volatility. It comes as the hype around the halving climaxes, with traders watching for the event expected to kick off the next cycle. 

Also Read: All eyes on Bitcoin price as CNN calls halving the ‘World Cup for BTC’

Daily digest market movers: When should Bitcoin peak post-halving?

Bitcoin halving is here, an event expected to raise the curtain on the next market cycle. There has been a lot of turbulence in the market of late. Events such as flows from exchange-traded funds (ETFs) and tensions in the Middle East between Iran and Israel have sent traders into their shells. However, there could be some relief in the market after Iranian officials indicated there are no plans to retaliate against an Israeli strike on Friday.

With markets recording a slowdown in BTC acquisitions, it is imperative to observe that Bitcoin has managed to successfully close above the $60,000 psychological level for 50 successive days. More closely, it has been able to protect the range low of its re-accumulation range for two consecutive weeks. 

Historically, Bitcoin price slows down in its upside momentum around the halving, often retracing, but momentum decisively picks back up in the months after the event. Analysts are saying the halving has already been priced in, an assumption that begs the question: When could Bitcoin peak in this bull market?

  • Historically, Bitcoin has peaked in its bull market 518 to 546 days after the halving, a pattern that typically shows how BTC halving cycles have progressed.
  • If history repeats or at best rhymes, the next bull market peak may occur around mid-September or mid-October 2025.

Bitcoin price reached a new all-time high of $73,777 approximately 260 days ahead of schedule compared to historical norms. The past few weeks, however, pre-halving retraces have dominated. Analysts from Rekt Capital speculate that BTC price could perform a bull market top 266-315 days after it reclaims its peak.

  

The opposite seems likely for altcoins, with analysts anticipating an explosive run in their market capitalization after the BTC halving.

Meanwhile, the "danger zone" for Bitcoin price, where pre-halving retraces tend to occur, appears to have completed successfully after two 18% pullbacks. 

Cryptocurrency prices FAQs

Token launches like Arbitrum’s ARB airdrop and Optimism OP influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.

A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.

Macroeconomic events like the US Federal Reserve’s decision on interest rates influence risk assets like Bitcoin, mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.

Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs. This has been observed in Bitcoin and Litecoin.

Technical analysis: Danger zone officially over for Bitcoin price

The market remains predominantly bullish with the Relative Strength Index (RSI) holding above the ‘50’ mean level. Both the Moving Average Convergence Divergence (MACD) and Awesome Oscillator (AO) are in positive territory, tilting the odds to the upside.

If the RSI holds above 50, Bitcoin price could continue north. A candlestick close above $70,000 would set the tone for an extension to the $73,777 peak, or in a highly bullish case, offer BTC a chance for a new all-time high.

BTC/USDT 3-day chart

However, with the DXY compare indicator climbing, Bitcoin price could be primed for a correction, seeing as the two trajectories have maintained a countercurrent relationship. This thesis is supported by the MACD, which has crossed below the orange band of the signal line, a crossover interpreted as the beginning of a bearish cycle.

If the $59,530 support breaks, Bitcoin price could roll over to the $50,420 level before a possible inflection. 


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