Viewpoint: Bitcoin may reach a cycle peak between April and June this year

According to CryptoPotato, well-known technical analyst CryptoCon emphasized the potential for a Bitcoin cycle peak, citing indicators such as the Directional Movement Index (DMI), which measures the strength and direction of an asset while reducing potential false signals. Analysts believe that the cycle peak could occur within two weeks or three months, between April and June this year. However, he pointed out that based on past DMI signals, the final peaks were reached twice within ten months. Therefore, the more likely time range for the Bitcoin cycle peak is until December 2024. CryptoCon's analysis was conducted at a time when net inflows into Bitcoin spot ETFs hit a new record high. According to CryptoPotato, net inflows into investment tools reached a peak of $1.05 billion, up 56% from $673 million on February 28th. This surge occurred as Bitcoin prices were influenced by greed, reaching a new all-time high of over $73,000. However, after the recent peak, asset prices began to decline.