A cryptocurrency trader, Bitcoin $98,402.6He stated that (BTC) may reach its cycle peak much earlier than people expect.
Analysts’ Forecasts
Pseudonymous trader The Flow Horse told his 247,900 followers that Bitcoin’s market peak in this cycle could occur in the first quarter of 2025. “I think we are closer than people want to admit,” The Flow Horse said.
“After large price movements, conversations often shift to larger movements – multiples of the current price. “Ironically, this is often a strong signal that we are nearing the top.” – The Flow Horse
Performance of Alternatives
The Flow Horse also predicts that altcoins will boom in the first to second quarters of 2025, surpassing Bitcoin and ending the current bull cycle.
“Bitcoin has already won. This seems more applicable for altcoins. “Bitcoin peaks, there is a big move to altcoins, and then it’s all done.” – The Flow Horse
Opinions of Other Analysts
Crypto analyst Michaël van de Poppe told his followers that Bitcoin has the potential to move higher due to decreasing supply on exchanges and increased market liquidity. “In this cycle, we will reach much higher levels than we expected,” Van de Poppe said.
“The amount of BTC on exchanges has decreased significantly and continues to decrease. “With a large addition of liquidity in this cycle, a supply shock is inevitable.” – Michaël van de Poppe
Rekt Capital, on the other hand, predicts that Bitcoin may reach the peak of the cycle approximately one year after the halving event. He noted that since the last halving event occurred in mid-April, the peak could be in September or mid-October 2025.
Current Status of Bitcoin
According to the news, Bitcoin is currently trading around $99,741.
There are different views on crypto markets. While some analysts highlight the potential for Bitcoin to move higher, others claim that the cycle top is approaching. Investors continue to shape their decisions by taking into account various analyses.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
