According to BlockBeats, on December 25, data from K33 research director Vetle Lunde indicates that, combining data from Bitcoin's past three cycles, the average duration from the first to the last historical high in each cycle is 318 days. With Bitcoin setting its first historical high on March 5 in the current cycle, if the average duration from previous cycles repeats, investors may see the cryptocurrency reach a new peak in this cycle on January 17, 2025.
If Bitcoin really reaches its cycle peak in mid-January next year, it will be close to Trump's U.S. presidential inauguration on January 20. 'Trump's victory has always been the catalyst behind Bitcoin's strong rebound in the fourth quarter, and given that the political process may take time to unfold, Trump's inauguration will mark the natural end of this momentum,' Lunde wrote in a recent report.
Lunde pointed out that based on previous cycle peak price estimates, Bitcoin could reach a peak of $146,000 in this cycle. He added that when using previous market capitalization as a reference, Bitcoin could potentially hit a peak of $212,500 in this cycle.
