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Bitcoin (BTC) Cycle Analysis: Peak at $155,000 by August 2025
Long-term technical analysis suggests a peak of Bitcoin price in the $155,000 - $175,000 range.
Although subsequent cycles are weakening, Bitcoin still has a chance to surge 10x from the macro bottom at $15,495.
The peak of the current BTC cycle should be reached between April and August 2025.
This week Bitcoin touched its all-time high (ATH) of $69,000 from November 2021. After 847 days, the largest cryptocurrency has returned to the top of the previous cycle and may soon enter the price discovery territory again.
This historic event is perfect for comparing data from previous Bitcoin cycles. Long-term technical analysis of previous cycles allows us to estimate the peak of the BTC price for the current cycle and when it should be reached.
Perhaps the upcoming halving of Bitcoin is still the basis for determining the 4-year cycles of the cryptocurrency market. If so, a new bull market could take the BTC price to the $155,000 – $175,000 range, which should be reached somewhere between April and August 2025.
The Lows and Peaks of Bitcoin Historical Cycles The first and most obvious set of data that can be obtained from historical cycles is information on the lows and peaks of the BTC price. One can estimate the likely peak of that cycle by measuring the decreasing proportion between the price range of successive cycles.
The initial uptrend, which began with BTC valued at $0.01, ended with a peak at $31.90 in June 2011. Bitcoin then plunged to a first-cycle low of $2.01 in November 2011.
This event started the bull market following the first halving (November 2012). Bitcoin price increased to the historic ATH at $1,177 in November 2013. Thus, the bull market led to an increase of 586x. This was followed by the 2014 bear market, which took the BTC price to a macro bottom at $164 in January 2015. From then until December 2017, Bitcoin again experienced a long-term uptrend.
In July 2016(halviy). The peak of the BTC price was at $19,764. #Write2Earn $BTC
According to Analyst, Bitcoin Bull is “Overheated” 💥 – What Does It Mean? 😯
Bitcoin has seen record high demand. According to CryptoQuant's Julio Moreno, there was a net inflow of 54,600 BTC on March 1 into Bitcoin hoarding addresses, which are addresses that only receive Bitcoin and do not spend any money. Thanks to this amount, the record for the highest entry in a single day was broken.
However, according to the analyst, the rapid increase in prices has caused some indicators to point to an overheating phase. The Bitcoin bull-bear market cycle indicator pointed to an overheated bull phase when prices reached $60,000. This phase, often referred to as the 'red area', is typically associated with a potential market decline, according to the analyst.
In addition, Bitcoin miners are currently grossly overpaid, indicating overheating conditions. According to the analyst, overpaying miners often leads to increased selling pressure in the market, which could potentially lead to a price correction.
Additionally, traders' unrealized profit margins have risen to extremely high levels and are currently around 45%. According to the analyst, high levels of unrealized profits mean increased risks of selling, as traders may decide to cash out their profits, potentially leading to a sell-off in the market.
As a result, although demand for Bitcoin is at a record high, some indicators suggest the market may be overheating.
🐋🚨🚨1.05 Trillion SHIB Disappears Into Mystery Whale Wallet After Epic Shiba Inu Rally🚨🚨🐋
Whale Alert reported that "1,050,000,000,000 SHIB (22,787,450 USD) was transferred from an unknown wallet to an unknown wallet."
🚨 1,050,000,000,000 #SHIB (22,787,450 USD) transferred from unknown wallet to unknown wallethttps://t.co/8o6V7qvLyd —
Whale Alert (@whale_alert) March 2, 2024 The whale movement of 1.05 trillion SHIB coincided with an upsurge in Shiba Inu prices, which reached a nearly two-year high.
A phenomenal nine-day price run for Shiba Inu resulted in a two-year high of $0.0000235 for SHIB on March 2. Shiba Inu consequently saw its highest weekly increase and its best performance since October 2021, when it reached all-time highs of $0.00088. At the time of writing, the SHIB price has fallen 4.75% in the last 24 hours to $0.00002043, reflecting profit-taking. However, Shiba Inu has remained higher by 112% in the last seven days. $SHIB #Write2Earn