Bitcoin could reach a new high in just a few weeks - in mid-January. During this same period, the inauguration of Donald Trump is set to take place.

Business Insider reports that the research company K33 noted that on average, 318 days pass between the first peak of the cryptocurrency cycle and its last peak. The first peak of the Bitcoin cycle occurred on March 5, indicating that the next peak in the current cycle could happen on January 17. This date coincides with the beginning of Trump's inauguration on January 20.

The incoming administration has become a catalyst for the Bitcoin rally at the end of the year due to promises to make Washington more friendly to cryptocurrencies. Combined with other factors - such as the idea of a national Bitcoin reserve - this helped the token's price surpass the six-figure mark for the first time.

"It is quite likely that the market has illusionary expectations regarding the pace of changes in policy and will overestimate their impact until the inauguration," wrote K33's head of research, Vetle Lunde. "We expect the current rally to peak in mid-January, before the inauguration."