According to ChainCatcher news, a report from Jin10 states that the head of research at cryptocurrency research firm K33, Vetle Lunde, shows in his latest report that based on the analysis of Bitcoin's data from the past three cycles, the average duration from the first break of the historical high to the cycle peak is 318 days. If history repeats itself, Bitcoin may reach the peak of this cycle around January 17, 2025, just before Trump's possible presidential inauguration.
The report predicts that based on historical cycle peak price estimates, Bitcoin is expected to reach $146,000 in this round, and if calculated by market capitalization, it may touch $212,500. Sevens Report Research technical analyst Tyler Richey stated that since Bitcoin broke through $100,000, trading volume has continued to decline, indicating a weakening bullish sentiment.
If Bitcoin breaks through the resistance range of $100,000 to $101,500, it is expected to re-test the range of $106,000 to $108,000. If it fails to break new highs, $90,000 will become a key support level; if it makes a new high, the next target price will be $118,000.
