๐ This week, Bitcoin reached its all-time high (ATH) of $69,000, marking a return to the peak of the previous cycle after 847 days. The cryptocurrency is poised to enter price discovery territory once again.
๐ Historical cycle data offers insights into Bitcoin's trajectory. Long-term analysis suggests that the upcoming halving event could set the stage for a new bull market, potentially driving BTC's price to the $155,000 - $175,000 range by April to August 2025.
๐ By examining past cycles, we can gauge the lows and peaks of Bitcoin's price. Each cycle has seen significant growth, with peaks and subsequent corrections. These patterns inform our understanding of Bitcoin's current cycle and its potential peak.
๐ Measuring the time between successive all-time highs allows us to estimate when extreme euphoria in the market may occur. Historical data suggests that the peak of the current cycle could fall between the end of April and the beginning of August 2025.