The Bitcoin price has seemingly hit its peak in the current cycle, beginning a downward trend after achieving a new all-time high of $108,786 at the start of the year. However, recent bullish momentum suggests a potential shift as Bitcoin aims to reclaim the $100,000 mark.
When Will BTC Price Reach The Cycle Top?
In a recent post on the X platform, crypto analyst Brett presented an intriguing analysis of Bitcoin's price structure and its possible trajectory for the remainder of the cycle. This analysis examines BTC's price journey from the cycle's bottom to present and then from present to top.
Using insights from the previous two cycles, Brett calculated the number of days it took for Bitcoin to move from the bottom to the present and from there to the top. The blue box in the chart below illustrates the time elapsed since the last bottom, while the green box represents the time from the present to the cycle tops.
Brett highlighted that the time span from the Bitcoin price bottom in 2022 to today is exactly 903 days. By applying this same period to the previous cycles, starting from the 2015 and 2018 bottoms respectively, he found that Bitcoin reached its cycle peak 161 days after the 903-day mark. In 2017, it took Bitcoin 161 days to reach its then-all-time high of around $16,000, and in 2021, it peaked at approximately $69,000 after the same duration.
Given this historical context, Brett suggests that the current cycle's peak for Bitcoin could be as little as 161 days away, potentially placing the cryptocurrency's next peak on October 11, 2025.
However, there are ongoing debates regarding Bitcoin's adherence to the typical cycle theory. Despite the bull run appearing to end at the beginning of 2025, the recent positive price movements challenge the expected cyclical behavior.
Bitcoin Price At A Glance
As of this writing, BTC's price is around $96,500, reflecting a nearly 1% decline in the past 24 hours.
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