According to BlockBeats, anonymous crypto analyst CryptoCon highlighted that Bitcoin (BTC) reached its cyclical peaks in 2016 and 2020, followed by several months of sideways trading before breaking higher towards the end of those years. Bitcoin's halving event, which occurs automatically every four years and reduces the issuance of new tokens by 50%, is widely believed to impact Bitcoin's supply, creating scarcity.
This year, BTC peaked at $73,000 in March before falling approximately 33% to a low in early August. CryptoCon noted that it is nearing the end of a typical mid-cycle adjustment. 'Whether it's predicting cycle tops or forecasting economic downturns, there are reasons to worry about the worst-case scenarios,' he said. 'Meanwhile, the cycle continues as expected.'
'All signs point to a true bull market for Bitcoin in 2025,' he added.
