CoinVoice has recently learned that Bitfinex Alpha's latest report states that Bitcoin has soared over 573% from the bear market low of $15,487 in November 2022, with its price increasing by 130% so far this year. The current bull market reflects strong institutional demand, primarily driven by ETF and spot accumulation.
Historical data suggests that we are in the mid-cycle, where the market may peak around the third to fourth quarter of 2025, approximately 450 days after the halving in April 2024. Indicators such as MVRV, NUPL, and bull-bear market cycle indicators suggest that we are still in the bull market phase but have not yet reached the peak. The Pi cycle top and the 4-year moving average model predict a potential cycle top between $145,000 and $189,000.
From a historical perspective, diminishing returns are moderating the explosive growth in BTC that we saw in previous cycles. [Original link]
