According to BlockBeats, on September 20, CoinDesk reported that anonymous crypto analyst CryptoCon pointed out that Bitcoin (BTC) reached its mid-cycle peak in 2016 and 2020, followed by months of sideways consolidation, and finally broke through at the end of the year.

In March of this year, BTC peaked at $73,000, and then fell back by about 33% to a low in early August. CryptoCon believes that this is close to the end of a typical mid-cycle adjustment.

He said that despite market concerns, the cycle continues as expected, and all signs point to a real bull market for Bitcoin in 2025.