Bitcoin has reached the halfway point of its bull cycle: What will happen?

Crypto analysts predicted that Bitcoin ($BTC ), which is traded in the $66,000 region, will continue to rise.

Positive data from China and the upcoming presidential elections in the US are contributing to the rise of the crypto market. China has given signals of economic incentives and monetary easing. The data in question, combined with Bitcoin supporter Donald Trump's rise in polls for the US elections. Positive signals have carried the BTC price to $66,000.

Crypto analyst Rekt Capital stated in his X post on October 14 that BTC has reached the halfway point of its bull cycle. In the analysis created on halving dates, it was suggested that the rise will continue.

Ali Martinez, who has attracted great interest from global investors, addressed his followers via X at night. Martinez stated that the price scenario he created for BTC is about to be completed. The analyst reminded that the BTC price fell to $60,000, then rose to $66,000 and fell back to $57,000. The analyst, who knew the price movements in advance, predicted that BTC would rise to $ 78,000 in the final stage.

Martinez reported that BTC futures positions on all exchanges reached an all-time high of $ 19.75 billion. Martinez stated that the data indicated that more capital was shifting to BTC.

Crypto analyst Rekt Capital analyzed the BTC price on October 14. The analysis stated that $ 71,350 could be tested if daily closings were above $ 65,000.

The analyst, who pointed out that $BTC created a lower price peak in each daily candle, noted the following:

“Each of the previous price movements resulted in lower peaks, but this series of lower peaks could end with a daily closing above $ 65,000.”“

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