One of the top crypto traders and the pseudonymous strategist rect capital lately shared his outlook Bitcoin BTC/USD.

He laid out a timeline for Bitcoin’s next all-time high on his Twitter feed.

“According to four-year cycle theory, a new BTC all-time high would occur no earlier than candle 4 (2024) and no later than new candle 1 (2025),” he said in the Twitter post.

Rekt Capital said he was bullish on BTC’s all-time high: “Historically a strong indicator of where the BTC bottom is when the bearish BTC candle 2 completes its year-end.”

He mentioned Bitcoin’s relative strength indicator (RSI), which shows possible trend reversals.

The crypto analyst also said that BTC price levels could potentially be approaching a “financial peak opportunity.” He spoke about why it is important to keep an eye on candle three in the four year cycle theory.

“The upcoming BTC candle 3 in 2023 is a bottoming year. But the 4th candle of 2024 is a reversal year where the BTC halving takes place. Historically, candle 4 has at least eclipsed previous resistance from candle 1 and candle 2, and at best rallied to a new all-time high,” he said on Twitter post Office.

At the time of writing, Bitcoin was trading at $16,584, down 1.5% over the past seven days.

Continue reading: As crypto markets retreat, this analyst is bullish on Bitcoin, Dogecoin, and Ethereum