Analyst: Bitcoin may reach its peak in mid-2025

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ODAILY
2 days ago
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Odaily Planet Daily Report: Copper.co analysts estimate that based on historical data, the potential price peak of Bitcoin may come around the end of May. In a report released on Tuesday, the analysts studied the historical growth of Bitcoin's market capitalization during different bull and bear market cycles. They found that on average, Bitcoin's cycle lasts about 756 days, from the point where market capitalization growth turns positive to reaching the price peak. Fadi Aboualfa, head of research at Copper.co, said that as of now, Bitcoin is on the 554th day of the current cycle, which began around mid-2023. Aboualfa said in an email: "Based on the average cycle duration, this timeline suggests that Bitcoin may reach its peak in around 200 days, or around mid-2025." (The Block)

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