ChainCatcher message, K33 Research Director Vetle Lunde's latest report reveals interesting patterns in Bitcoin's historical cycles: it takes an average of 318 days from the first breakthrough of historical highs to the peak of the cycle. If history repeats itself, Bitcoin may reach the peak of this cycle around January 17, 2025, coinciding with the eve of Trump's possible presidential inauguration.

Based on historical peak price calculations, Bitcoin is expected to reach $146,000 this cycle, with a market cap possibly hitting $212,500. However, Tyler Richey, a technical analyst at Sevens Report Research, pointed out that trading volume has declined after Bitcoin broke the $100,000 mark, indicating a weakening bullish sentiment in the market.

Technically, if Bitcoin can break through the resistance range of $100,000 to $101,500, it is likely to retest the range of $106,000 to $108,000; otherwise, $90,000 will become a key support level. If a new high is achieved, the next target price will be $118,000.