The recent trajectory of Bitcoin's price shows signs of recovery following a dip, with notable support from the German government and significant Bitcoin ETF inflows. Amid this upward trend, analysts are discussing the potential timing of Bitcoin's cycle top. One experienced analyst has shared insights suggesting that the cycle top may materialize in October 2025 based on Bitcoin's power law support. According to the analyst, if Bitcoin aligns five years ahead of the power law support on October 1, 2025, it could reach a value of $255,000. This projection is derived from observing previous cycle timings and analyzing Bitcoin price fractals. The analyst points out that Bitcoin's 4-year price cycles, linked to the Bitcoin Halving events, hint at the next cycle top occurring in late 2025. While acknowledging Bitcoin's historic tendency to outpace its power law support, the analyst notes the potential for a different outcome this time due to the 2021 double peak and 2024 acceleration. Despite these factors, the overall patterns have largely remained consistent.
Other news
OpenSea: отток кадров и вызовы на фоне проблем сектора NFT
OpenSea, крупный рынок NFT, теряет сотрудников из-за снижения активности и новых вызовов.
6 minutes ago
OpenSea: Employee Departures and Challenges Amid NFT Sector Woes
OpenSea, a key NFT marketplace, faces employee departures amid sector challenges.
6 minutes ago
Прогноз: Rollblock может увеличить свою стоимость в 100 раз
Dogecoin и Render могут снова подняться в IV квартале, но Rollblock ожидает значительный рост после запуска.
6 minutes ago
Forecast: Rollblock set for potential 100x increase
Dogecoin and Render eyes recovery in Q4, but Rollblock anticipated significant post-launch growth.
7 minutes ago
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter