Bitcoin
The next top of the Bitcoin cycle
Although Bitcoin’s price performance (Bitcoin) has slowed down in recent weeks, corrections appear to be a natural part of your cycle, especially as they mimic the movements of previous cycles, and a renowned cryptocurrency expert revealed the top of the next Bitcoin cycle.
It turns out that the price of leading decentralized finance (DeFi) the asset has fallen well below its recently reached all-time high (ATH) of $73,738 in mid-March this year and is currently trading in the area around $65,000, but its market cycle peak could come as early as end of this year.
Bitcoin Cycle Maximum Forecast
Specifically, professional crypto trader Ali Martinez noted that if this Bitcoin market cycle reflects the previous three cycles, the “top could actually occur around December 2024 or October 2025,” according to analysis he shared in a X post on June 18th.
In fact, like the graph that the cryptography shared experts demonstrate, the greatest asset of crypto sector by market capitalization has shown similar price movements in the last three market cycles as it is showing in the current cycle that started in 2022.
In particular, if it follows the path of the 2011-2015 cycle, Bitcoin could top (+40,000% from the cycle low) in December 2024, whereas following the trends in the 2015-2018 and 2018-2022 cycle would send -o to the top of the market cycle until October 2025 (+10,000% or +2,000%, respectively).
Bitcoin price performance since the cycle low. Source: Ali Martinez
Bitcoin Price Analysis
Meanwhile, BTC was changing hands at press time at a price of $65,160, which indicates a modest increase of 0.11% in the last 24 hours, while it was down 4.13% in the previous seven days and lost 2.95 % in the month, at the same time. accumulating a gain of 54.38% in 2024, according to data from June 19.
Meanwhile, Bitcoin’s current corrections amid the market sell-off could represent an ideal opportunity for ‘buy the dip‘ and accumulate the pioneering crypto asset before its price inevitably rises towards one of the possible peaks of the market cycle, as it has just reached its minimum of one month.
Ultimately, time will tell which of the two cycle peaks (if any) predicted by the crypto expert will happen for Bitcoin, but it is important to remember that trends in the crypto market can change easily, so doing your own research is critical when investing.
Disclaimer: The content of this website should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.