Bitcoin's Potential New Peak Predicted for January

According to PANews, cryptocurrency research firm K33 Research has highlighted Bitcoin's recent volatility since surpassing the $100,000 milestone earlier this month. Historical data suggests that Bitcoin may reach a new all-time high by mid-January next year. Vetle Lunde, head of research at K33, noted that based on Bitcoin's past three cycles, the average duration from the first to the last all-time high is 318 days. With Bitcoin achieving its first all-time high of the current cycle on March 5, if the average duration from previous cycles repeats, investors might witness a new peak for the cryptocurrency on January 17, 2025. This potential peak would coincide closely with the inauguration of the U.S. President on January 20.