Bitcoin bear market may be moving 27% faster than halving cycle, Q4 bottom seen

Bitcoin’s current bear market may be unfolding about 27% faster than in past halving cycles and could bottom in the fourth quarter of this year, crypto analyst Rekt Capital said. Rekt Capital said BTC moved faster than the traditional halving cycle during the last bull market, then realigned with the historical pace after an extended correction and sideways stretch, eventually topping out in October last year as expected. Based on BTC’s recent price action, Rekt Capital said the current bear market itself may now be running about 27% ahead of the traditional cycle. If corrections continue to repeat in a pattern similar to past cycles, BTC could either form a bottom in the fourth quarter of this year or establish a higher long-term low than its previous bottom before resynchronizing with the traditional halving cycle, Rekt Capital added.