A CryptoQuant analyst has indicated that the current cryptocurrency bull cycle may conclude earlier than expected, with its peak set for early 2025.
Bull Cycle to End Soon
The CryptoQuant analyst explained that the current bull cycle began in January 2023, shortly after the FTX crash. During this period, Bitcoin saw a significant price recovery, capturing the attention of major financial players. Given the duration of the cycle and BTC's price growth, the analyst believes the market is in its later stages. He noted that only 36% of BTC is traded monthly, significantly lower than peaks from past cycles.
Analyst: Expect 2 to 4 Spikes
Unlike previous periods where BTC reached new heights in a single spike, the analyst suggests multiple sharp rises this year — from two to four, typically leading to significant overheating followed by a bear cycle. The analyst expects a significant price increase in BTC and altcoins shortly.
Based on current trends and indicators, analysts forecast the end of the bull cycle in early 2025, highlighting the need for careful market analysis and monitoring.
