Deep Tide TechFlow News, on December 25, the latest report from K33 Research, led by cryptocurrency research director Vetle Lunde, shows that based on the analysis of Bitcoin's data from the past three cycles, the average duration from the first breakthrough of the historical high to the cycle peak is 318 days. If history repeats itself, Bitcoin may reach its cycle peak around January 17, 2025, coinciding with the possible inauguration of Trump.
The report predicts that based on historical cycle peak price estimates, Bitcoin is expected to reach $146,000 in this cycle, and if calculated by market capitalization, it may touch $212,500. Sevens Report Research technical analyst Tyler Richey stated that after Bitcoin broke through $100,000, trading volume has continued to decline, indicating a weakening bullish sentiment. If Bitcoin breaks through the $100,000-$101,500 resistance range, it is expected to retest the $106,000-$108,000 range. If it fails to break the new high, $90,000 will become a key support level; if it sets a new high, the next target price will be $118,000.
