Bitcoin (BTC) is retracing the path it has taken since the Bitcoin halving event in 2016. One indicator signals it may be approaching its local low, while another points to reaching $350,000 during the “peak” of this cycle, according to cryptocurrency traders. The current recopy range at this point in the cycle is any price below $61,081, and Bitcoin is trading below this level at $60,901 Based on history, we can say that this bull market will end in January 2025. Meanwhile, the 100 day daily moving average. signals that the Bitcoin price may “hover” around its local minimum 📉"