Unveiled The upcoming Bitcoin cycle peak
Bitcoin (BTC) has experienced a slowdown in its price performance in recent weeks, but experts believe that these corrections are a normal part of its cycle and could be an indication of its next cycle top.
The price of Bitcoin has dropped below its all-time high of $73,738, which was reached in mid-March, and is currently trading around $65,000. However, according to a well-known cryptocurrency analyst, the next cycle top could occur as early as the end of this year.
Crypto trader Ali Martinez has examined previous market cycles and suggested that the top for Bitcoin could occur around December 2024 or October 2025. This analysis was shared in a post on June 18.
The expert’s chart shows that Bitcoin’s price action in the current cycle is similar to its behavior in the past three cycles. If it follows the path of the 2011-2015 cycle, it could reach the top in December 2024, while following the trends of the 2015-2018 and 2018-2022 cycles would lead to a market cycle top as late as October 2025.
As of June 19, Bitcoin is trading at $65,160, with a slight increase in the last 24 hours and a decrease over the past seven days and month. However, it has gained 54.38% in 2024 so far.
Despite the current corrections in the market, this could be an ideal opportunity to buy Bitcoin at a lower price before it inevitably rises towards one of the potential market cycle tops. It’s important to note that trends in the crypto market can change, so conducting thorough research before investing is crucial.
Disclaimer: The information provided in this article should not be considered as investment advice. Investing in cryptocurrencies carries risks, and it’s important to be cautious and informed when making investment decisions.
