Happycoin.club - Economist Timothy Peterson answered questions about what level the Bitcoin rate will rise to and when the bullish trend will end.

Based on historical data, we can say that the current bullish trend will end in January 2025. Given the speed of Bitcoin’s popularity and previous pullbacks, it turns out that the peak value of the coin during this cycle will be between $175,000 and $350,000,” Peterson wrote.

A chart showing Bitcoin price pullbacks after reaching historical highs (0%)

However, an analyst and trader known under the pseudonym Crypto Caesar believes that the current cycle in the Bitcoin market will last less than previous ones and the price of BTC will increase to its maximum level in October 2024. He explains his position by the fact that this year the Bitcoin rate updated its historical maximum before the halving that took place in April.

Bitcoin market cycles on a chart published by Crypto Caesar