December 7, 2024

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Leading Cryptocurrency Expert Asserts Bitcoin Nearing Cycle High Sooner Than Anticipated – Unveils Projected Timeline

Top Crypto Analyst Says Bitcoin Far Closer to the Cycle Peak Than People Want To Admit – Here’s His Timeline

An expert in cryptocurrency trading who is widely followed suggests that the peak of Bitcoin (BTC) might come significantly sooner than anticipated.

The analyst, known under the pseudonym The Flow Horse, shared with his 247,900 followers on social platform X that the apex of Bitcoin’s market cycle may be reached as soon as the beginning months of 2025.

“Regardless of the popular opinion, I believe we are approaching ‘a temporary halt’ much faster than many are willing to acknowledge. I expect it could happen within the first quarter of the year. Notably, after witnessing substantial price surges, the community often speculates about even larger gains – predicting prices several times higher. Ironically, this tends to be an overt sign of approaching the market peak. It is one among numerous indicators pointing towards that conclusion.”

Moreover, he foresees that alternative cryptocurrencies (alts) will surge and outpace Bitcoin during the first or second quarters of 2025, effectively ending the current bullish phase of the crypto market.

“As I’ve previously stated, Bitcoin has already claimed victory. This time, the momentum seems geared more towards the altcoins. My expectation is Bitcoin reaching its peak, followed by a significant shift of investments into altcoins, thereafter concluding the cycle. The entire process is likely to unfold within the span of one or two quarters.”

Contrastingly, some other cryptocurrency market analysts hold differing perspectives.

Crypto analyst Michaël van de Poppe informs his 748,400 followers that the ascending potential of Bitcoin remains robust, supported by a reduction of its available supply on exchanges and an influx of market liquidity.

“A notable divergence from past market cycles is the continuous and pronounced decrease of BTC on exchanges, which persists. Imminent is a supply shortage coupled with an influx of liquidity. This cycle’s trajectory suggests we will ascend to heights beyond general expectations.”

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Source: Michaël van de Poppe/X

Analyst named Rekt Capital suggests to his 507,400 followers on social platform X that Bitcoin’s peak this cycle could be expected approximately one year from now. This prediction is based on the timeframe from past halving events, in which miners’ rewards are halved, to the peaks of previous cycles. The latest Bitcoin halving took place in mid-April.

“Bitcoin experienced its previous cycle peak 518 days after the 2015 halving and 546 days post the 2019 halving. If these patterns are reliable, the upcoming market apex for Bitcoin could occur within the range of 518-546 days after its recent halving, projecting a peak around mid-September to mid-October of 2025.”

At the time of writing, Bitcoin is valued at $99,741.

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Disclaimer: Views expressed at The Daily Hodl are not intended as investment advice. Prior to making high-stakes investments in Bitcoin, cryptocurrencies, or digital assets, investors should perform thorough due diligence. Be aware that your transactions and trades are your own responsibility, and any incurred losses are yours to bear. The Daily Hodl is neither an investment consultancy nor does it endorse the purchasing or trading of any cryptocurrencies or digital assets. Please be informed that The Daily Hodl enrolls in affiliate marketing programs.

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