Crypto analyst Rekt Capital has suggested that Bitcoin might have already reached its peak following the 2024 halving event, based on historical trends. His analysis shows that past cycles post-halvings consistently took around 518 days in 2017 and 549 days in 2021. Bitcoin’s current price action aligns with these periods, implying a peak approximately 540 days after the halving event. This timeline suggests that Bitcoin’s rally might have already reached its climax. However, Rekt Capital cautions that this doesn’t necessarily mean a full market reversal. He points out that historical data indicates cycles have grown longer over time, meaning the top could extend further into November or December 2025 before entering a correction phase. Meanwhile, other crypto enthusiasts remain skeptical and are wondering if Bitcoin’s recent pullback signals a temporary pause or the start of a new downtrend. The asset is currently hovering below its recent highs, and Rekt Capital’s data adds more weight to the argument that the cycle peak may already be in place.