Since breaking the $100,000 milestone earlier this month, Bitcoin has been fluctuating.
However, according to data, it may reach a historic high around mid-January next year. Based on Bitcoin's data from the past three cycles, the average duration from the first to the last historic high in each cycle is 318 days. With Bitcoin reaching its first historic high on March 5 of the current cycle, if the average duration from previous cycles is repeated, investors might see the cryptocurrency reach a new peak for this cycle on January 17, 2025.
If Bitcoin does indeed reach its cycle peak in mid-January next year, it will be close to Trump's inauguration as President of the United States on January 20.
I am Shaohua, follow me for the latest news and information in the crypto world.
#BTC #ETH