#ReboundRally
Bitcoin has slid after surpassing the $100,000 mark earlier this month, but history predicts a new all-time high may be in sight by mid-January, according to crypto research firm K33. The largest cryptocurrency is BTCUSD. Dow Jones Market Data shows a 6.1% increase to $98,679 on Tuesday, up from below $93,000 on Monday (-0.37%). Bitcoin peaked at $108,309 on December 17, but fell along with markets this week as the Federal Reserve hinted that it would cut interest rates less than originally expected in 2025.
In the past two days BTC seems to be gaining moment which is now pegged at 98,000.
Analysts believe that Bitcoin's historical price cycles, which average roughly 318 days, could lead to a peak by mid-January 2025, potentially hitting $146,000 to $212,500.
