Posted 3/14/2024, 11:48:45 AM
Bitcoin Price Peak Could Extend to Early 2025 Due to Lengthening Market Cycles
- Bitcoin could hit its peak in the current bull cycle between late 2024 and early 2025 based on past cycles, according to analyst Rekt Capital
- However, Rekt Capital notes that recent cycles have been lengthening in duration, so the peak could extend to Q1 2025
- This cycle hit all-time high prices before the halving event, unlike prior cycles, suggesting it may be faster
- But the potentially faster pace could be offset by the lengthening cycle duration
- Bitcoin is currently trading around $73,233, up nearly 3% in the last 24 hours
