Bitcoin's price decline leads market participants to question if the peak has been reached. Insights from IntoTheBlock suggest the current phase of the cycle might continue.
Historical Data and Hashrate Analysis
According to IntoTheBlock, peaks tend to occur 12–18 months post-halving, suggesting mid-to-late 2025. Institutional flows and regulations might reshape the cycle, but likely more time exists.
Stablecoins' Role in Market Peak Determination
Stablecoin data shows similar trends. Historically, stablecoin supply peaks coincide with cycle highs. In April 2022, supply was $187 billion, now at $219 billion, indicating a mid-cycle market.
Current Bitcoin Price Analysis
Bitcoin faces sell pressure since January, dropping to $76,555, 30% below its all-time high. By March 15, the price stood at $82,864, showing volatility around $83,984 resistance.
Analysis of historical and current data suggests the crypto market remains in mid-cycle. Market uncertainty is underscored by stablecoin tension and Bitcoin's status.
