Bitcoin could soon make history with its latest rally, as the cryptocurrency’s price approaches a new record level. This is according to one analyst, who believes that if Bitcoin breaks $69k before April 20th, it will be the first time in Bitcoin’s history that a new all-time high is set before the Halving event.

Brett Munster, portfolio manager for Blockforce Capital, stated this in an email, as the cryptocurrency reached $67,542.30, just 2% away from its all-time high of $68,900 in late 2021.

Munster also noted that this cycle’s recovery and bull run seem to be happening quicker than in previous years, indicating growing adoption and conviction among Bitcoin holders in the market. He suggested that this could mean a shorter timeframe for the cycle and possibly a larger market due to accelerated demand, mainly driven by ETFs.

However, Tim Enneking, managing partner of Psalion, offered a cautionary view, warning investors to be careful at this level as corrections are likely to occur. He believes that we are in a bull market that began in January 2023 and will end in Q3/Q4 of 2025, making it a good time to buy and hold.

Enneking went on to say that he would be surprised if Bitcoin does not reach six figures this year and becomes the absolute floor in 2025. He also disclosed that he currently holds Bitcoin, Bitcoin Cash, Litecoin, Ethereum, EOS, and Solana.

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