[Bitcoin’s Road to $118,000: Pi Cycle Model Points to December-January Peak]
CryptoCon’s analysis shows that Bitcoin could reach $118,000 in 2025, with Bitcoin prices expected to peak in December 2024 or January, according to the Pi Cycle Top indicator. Historically, Bitcoin has repeatedly tested support and reached new highs after mid-term highs, such as the 2019 and 2017 patterns.
Another analyst, Ali, used the NUPL indicator to study the behavior of long-term Bitcoin holders, showing that despite rising prices, holders showed no signs of extreme greed, helping to stabilize the market. Analyst Axel Adler Jr. pointed out that Bitcoin rose more than 25% in a week, triggering selling pressure and indicating that the market may enter a consolidation or correction phase.