According to the latest information from CoinVoice and reported by Jinshi, the head of research at cryptocurrency research firm K33, Vetle Lunde, stated in a recent report that based on data analysis from Bitcoin's past three cycles, the average duration from the first breakthrough of the historical high to the peak of the cycle is 318 days. If history repeats itself, Bitcoin may reach the peak of this cycle around January 17, 2025, just before Trump's possible presidential inauguration.
The report expects that based on historical peak price calculations, Bitcoin is likely to reach $146,000 this round, and if calculated by market value, it may touch $212,500. Sevens Report Research technical analyst Tyler Richey stated that the trading volume of Bitcoin has been continuously decreasing since it broke through $100,000, indicating a weakening bullish sentiment.
If Bitcoin breaks through the resistance zone of $100,000 to $101,500, it is likely to re-test the range of $106,000 to $108,000. If it fails to break the new high, $90,000 will become a key support level; if it makes a new high, the next target price will be $118,000.[Original link]
