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Since breaking the $100,000 milestone earlier this month, Bitcoin has been volatile.
However, according to data, it could reach a historical new 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 historical high in each cycle is 318 days. With Bitcoin reaching its first historical high on March 5 of the current cycle, if the average duration of previous cycles repeats, investors may see the cryptocurrency reaching a new peak in this cycle on January 17, 2025.
If Bitcoin indeed reaches its cycle peak in mid-January next year, it will be close to Donald Trump's inauguration as President of the United States, which is on January 20.
I am Shaohua, follow me for the latest news and information in the crypto world.
#BTC #ETH
However, according to data, it could reach a historical new 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 historical high in each cycle is 318 days. With Bitcoin reaching its first historical high on March 5 of the current cycle, if the average duration of previous cycles repeats, investors may see the cryptocurrency reaching a new peak in this cycle on January 17, 2025.
If Bitcoin indeed reaches its cycle peak in mid-January next year, it will be close to Donald Trump's inauguration as President of the United States, which is on January 20.
I am Shaohua, follow me for the latest news and information in the crypto world.
#BTC #ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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