Observant crypto traders believe Bitcoin (BTC) will reach its cycle peak much sooner than people expected.
The pseudonymous trader The Flo Horse told his 247,900 followers on social media platform X that the Bitcoin market peak this cycle could come as early as the first quarter of 2025. Ta.
“I don't care what other people say. We're a little closer to the end than people would like to admit. I think within the first quarter. After a big price move, chatter often moves into even bigger price moves, i.e. multiples of the current price. Ironically, that's usually a strong signal that the peak is near. And that's just one of many indicators pointing in that direction. ”
He also predicts that alt currencies will explode and outperform Bitcoin in the first to second quarters of 2025, ending the current crypto bull cycle.
“As I mentioned, Bitcoin is already a winner. This applies a little more to alts. I think Bitcoin will come out on top, there will be a big rotation into alternatives, and then there will be a wrap. All things considered. One to two quarters seems reasonable.”
However, other crypto analysts have a very different opinion.
Cryptocurrency trader Michael Van de Poppe tells his 748,400 followers that Bitcoin has room to rise based on decreasing supply on crypto exchanges and increasing market liquidity. He said there is much more.
“This is one big difference from previous cycles. The amount of BTC on exchanges has fallen significantly and continues to fall. A large amount of liquidity has been added and a supply shock is imminent. We're going to go much higher than everyone expects in this cycle.”
Source: Michael van de Poppe/X
Rekt Capital told its 507,400 followers on social media platform reports that the cycle could reach its peak in about a year. Bitcoin's most recent halving event was in mid-April.
“In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. In the 2019-2021 cycle, Bitcoin peaked 546 days after the halving.If history repeats itself and the next bull market peak comes 518 to 546 days after the halving. This means Bitcoin could peak in this cycle in mid-September or mid-October 2025.
At the time of writing, Bitcoin is trading at $99,741.
Generated image: Mid Journey
