If history is any guide, the Bitcoin bull market could peak next May, roughly 200 days away, Copper.co analysts say. Although the shadow of the U.S. recession lingers, analysts point out that technical indicators such as the relative strength index (RSI) show that Bitcoin still has "room for significant gains" in the coming months.
In the latest report, the Copper.co research team conducted an in-depth analysis of Bitcoin’s market capitalization growth trajectory in past bull and bear cycles and found that Bitcoin’s market cycle lasted approximately 756 days on average, with “market capitalization growth turning positive” as the starting point, “ "The price reaches the top" is the end point.
Fadi Aboualfa, research director at Copper.co, said that this Bitcoin cycle started in mid-2023 and has gone through 554 days. Based on this calculation, Bitcoin’s “peak moment” will fall 200 days later, which is around mid-2025.
Bitcoin’s “Peak Moment” May Hit the U.S. Economic Recession
Copper.co's report also mentioned that "Bitcoin peaking" and "U.S. economic recession" may occur at the same time. Analysts quoted a report from JPMorgan Chase stating that the United States is likely to enter an economic recession in the second half of 2025. The probability is as high as 45%, which coincides with the time when analysts expect Bitcoin prices to reach their peak.
The report added that although Bitcoin has shown a certain degree of resilience during economic downturns in the past, concerns about economic recession may still affect investor sentiment, thereby impacting the cryptocurrency market.
Technical Indicators Show Bitcoin Still Has Room to Rise
Even with the possibility of a recession in 2025, Copper.co analysts remain optimistic about Bitcoin’s growth potential. They pointed out that technical indicators such as the Relative Strength Index (RSI) show that Bitcoin has further room to rise.
The report pointed out that the current RSI of Bitcoin is only 60, which is far lower than the high point of the past bull market, indicating that Bitcoin is expected to continue to climb in the new year.
"How long can Bitcoin continue to rise? Analysts revealed that the time when the "bull market peaks" may hit the U.S. economic recession." This article was first published on (Block Guest).
