Anonymous crypto analyst CryptoCon noted that BTC reached mid-cycle peaks in 2016 and 2020, followed by months of sideways trading before finally breaking out higher at the end of the year. Bitcoin's halving event occurs automatically every four years, reducing the issuance of new tokens by 50%, which is widely believed to affect Bitcoin's supply and create scarcity. This year, BTC peaked at $73,000 in March before falling back about 33% to a low in early August. CryptoCon noted that it is approaching the end of a typical mid-cycle adjustment. "Whether it is a cycle peak prediction or a recession prediction, everyone has reason to worry about the worst, while the cycle continues to proceed as expected. All signs point to a real bull market for Bitcoin in 2025," he added.