Historical data and current market analysis suggest that Bitcoin might reach its next peak around the summer of 2025 after the halving event.
Analysts' Bitcoin Forecasts
Early 2023 data showed a rise in Bitcoin's market value with the introduction of exchange-traded funds (ETF). The peak value reached $73,737 in mid-March. Despite this, the cryptocurrency's momentum diminished in the following months, sparking discussions about the continuation of its bull cycle.
Market History and Current State
After the halving event in April, the expected price increase did not materialize. Bitcoin's price decreased by 12% from $63,900. Analyses show the average time between halving and the next peak is around 480 days, pointing toward the summer of 2025.
Potential U.S. Market Demand
Bitcoin's price oscillates between $55,000 and $69,000. Breaking past the $70,000 mark could signal a resurgence of the bull cycle. CryptoQuant CEO Ki Young Ju noted that the current cycle is midway. The "retail bubble" phase has yet to occur. Despite a weak first half, investor interest might rebound in Q4.
The Bitcoin market shows mixed signals. Based on historical data, the next peak is likely in 2025. However, the accuracy of these forecasts depends on various factors, including retail investor demand.
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