Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analyst: Potential Peak in Bitcoin Price Could Come Around Late May 2025

Analyst: Potential Peak in Bitcoin Price Could Come Around Late May 2025

Bitget2024/11/12 21:57
BTC-2.54%

A potential peak in Bitcoin's price could come around the end of May 2025, a Copper report estimates based on historical data. The analysts examined the historical growth of Bitcoin's market capitalisation during different bull and bear market cycles, and concluded that Bitcoin's cycles last about 756 days on average. As of now, Bitcoin is on day 554 of the current cycle, which begins around mid-2023, the analysts said. According to the report, ‘Based on the average cycle duration, this timeline suggests that Bitcoin could peak in about 200 days, in mid-2025.’ The report also noted that Bitcoin's expected peak could coincide with the likelihood of a U.S. recession. The analysts highlighted a report by JPMorgan Chase, which said there is a 45 per cent likelihood of a recession occurring in the second half of 2025, which overlaps with their predicted timing of Bitcoin's peak.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Bank of Ghana: Plans to Complete Cryptocurrency Asset Regulatory Legislation by the End of the Year
2
Spot gold surpasses $4,300 per ounce, reaching a new all-time high

Crypto prices

More
Bitcoin
Bitcoin
BTC
$107,791.35
-2.92%
Ethereum
Ethereum
ETH
$3,844.3
-2.79%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,146.28
-1.20%
XRP
XRP
XRP
$2.3
-4.11%
Solana
Solana
SOL
$183.3
-5.20%
USDC
USDC
USDC
$0.9998
-0.02%
TRON
TRON
TRX
$0.3141
-1.06%
Dogecoin
Dogecoin
DOGE
$0.1859
-5.05%
Cardano
Cardano
ADA
$0.6397
-4.23%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter