Copperco analysts conducted research predicting that Bitcoin's price could reach its next peak in 200 days. This prediction aligns with forecasts of a potential US recession.
Bitcoin Price Forecast
According to Copperco's research, led by Fadi Aboualfa, Bitcoin's historical bull and bear cycles suggest a potential price peak by May 2025. The research notes that these cycles typically last around 756 days from the start of positive market cap growth to price peaks. “This timeline suggests that Bitcoin could peak in mid-2025, in about 200 days,” Aboualfa said, adding that Bitcoin is currently on day 554 of its ongoing cycle that began in mid-2023.
Link to Economic Downturn
Copperco’s report also highlights a potential link between Bitcoin’s projected peak and a possible economic downturn in the U.S. JPMorgan recently estimated a 45% chance of a recession in the second half of 2025, coinciding with Bitcoin’s expected price peak. While Bitcoin has been resilient in previous recessions, analysts noted that an economic slowdown could impact market sentiment and investor behavior, potentially adding volatility to the cryptocurrency market.
Technical Indicators
Despite economic concerns, Copperco analysts point to technical indicators that suggest Bitcoin’s potential for continued growth. The Relative Strength Index (RSI), a widely used metric to measure momentum, is currently at 60, well below levels seen during previous bull market peaks. “This suggests significant room for Bitcoin to continue gaining momentum in the new year,” the report said.
Thus, Copperco's research emphasizes that despite potential economic shifts, there are technical foundations for Bitcoin's continued growth. These insights remain relevant for investors and analysts observing the cryptocurrency market.
