Bitcoin recently set a new all-time high, but the current market state raises concerns. Analysts suggest the bull market may be nearing its end.
Final Stage of the Rally
Crypto analyst Cryptobirb has warned that Bitcoin's bull market may be approaching its final stages. He noted that the current cycle is 93% complete, with a potential peak expected in the next 60 days. Historical data indicate previous bull cycles varied from 350 to 1071 days.
Impact of Seasonality
Seasonality also plays a significant role. Historically, August and September have been weaker months for Bitcoin, while October and November tend to show stronger performance. Technical indicators support this, pointing towards a potential peak between late October and mid-November 2025.
Current Market Stability
Despite short-term corrections, on-chain data remains healthy, indicating no immediate capitulation risk. Analysis shows that Bitcoin's current price is above the 50- and 200-week simple moving averages.
Analysis of Bitcoin's current state and historical data suggest an approaching peak in the bull cycle, potentially occurring within two months, though significant corrections may follow.
