K33, a leader in cryptocurrency research, recently released an eye-catching prediction. Since successfully crossing the $100,000 mark earlier this month, the price of Bitcoin has been like a roller coaster, up and down. However, based on detailed historical data, Jin Xin boldly predicts that Bitcoin is expected to set a new record again around mid-January next year.
Vetle Lunde, Jinxin's research director at K33, revealed the secret behind this prediction. He conducted an in-depth analysis of the price trend of Bitcoin in the past three cycles and found that in each cycle, the average time span from the first record high to the next record high was 318 days. This discovery is like a key that opens the door to predicting the future trend of Bitcoin.
Looking back at the current cycle, Bitcoin broke through its all-time high for the first time on March 5. If calculated based on the average duration of past cycles, investors may witness Bitcoin reach a new peak again on January 17, 2025. This prediction is not only exciting, but also inspires countless investors to imagine the future of Bitcoin.
In a recent report, Lunde also mentioned the catalytic effect of Trump's election on the strong market rise in the fourth quarter. However, he is also aware of the complexity and uncertainty of the political process. Therefore, he predicts that Trump's inauguration may be the natural end point of this upward momentum. This view undoubtedly provides investors with a more comprehensive market analysis and reference.
Standing at this historic node, the future of Bitcoin is full of infinite possibilities. This is a moment worth looking forward to for both investors and the entire cryptocurrency industry. Let us look forward to Bitcoin creating a new historical record again in mid-January next year. $BTC