Cryptocurrency research firm K33 pointed out that Bitcoin has been volatile since breaking the $100,000 milestone earlier this month. However, based on historical data, Bitcoin may reach a new all-time high around mid-January next year.
K33 research director Vetle Lunde stated that based on data from the past three cycles, Bitcoin's average duration from its first all-time high to its last all-time high in each cycle is 318 days. Since Bitcoin reached its first all-time high in the current cycle on March 5, if the average duration from previous cycles repeats, investors may see Bitcoin reach a new high for this cycle on January 17, 2025.
Lunde wrote in a recent report: 'Trump's election was a catalyst for the strong market rally in the fourth quarter, and considering that the political process may take time to unfold, Trump's inauguration will be a natural conclusion to this momentum.' (Morningstar)

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