Bitcoin expected to peak soon? Analyst forecasts schedule – here’s when

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As the cryptocurrency market continues to be characterized by increased optimism and confidence from investors, Crypto Con, a popular cryptocurrency analyst and enthusiast, stated predicted the timeline for when Bitcoin will reach its peak in the ongoing bull cycle, based on BTC’s past rates and their cumulative peaks.

Bitcoin will peak in less than a year

By analyzing historical data, Crypto Con has identified trends that could indicate when the largest cryptocurrency assets in the market will reach their highest point in this cycle. According to an expert, the Stochastic Momentum Index (SMI) ergodic indicator shows that Bitcoin is exactly where it should be in the current bull cycle.

At this point, Crypto Con believes that there is still plenty of room for growth in the coming days. So BTC’s current position, which is about a year away from the cycle highs, places this cycle peak between January and February 2025. However, the focus of analysts’ attention is December 2024, which at the current pace is expected to be the best month of the cycle.

BTC will peak in January-February 2025 | Source: Crypto Con on X

Crypto Con additionally suggested the recent recovery from the perfectly vigorous correction seen in the cryptocurrency market as a potential catalyst for Bitcoin’s price enhance.

The post said:

The SMI tells us that Bitcoin is exactly where it should be in the cycle, with much more room to grow. Our current position is about 1 year away from the cycle highs, which would put the cycle peak in January-February 2025. My eye still sees December 2024, a likely cycle high at our current rate.

Given that the analyst predicted earlier BTC reach $149,000 by the end of the year, this could mean that the expert expects the asset to peak at that level by December. “Bitcoin is still on track to reach its Layer 7 price target of $149,000 by the end of this year,” he stated.

Crypto Con predictions are in line with the most exact measurements of logarithmic regression curves and cycle tops in 2021. By then, the more cautious layer 6, which marks the 2013 cycle top, is expected to reach $108,000.

When forecasting, the expert emphasized the price consolidation, which is modern in this series. However, as volatility decreases, this consolidation is exact.

Determining the BTC peak via Fibonacci expansion

Crypto Con also used Fibonacci extensions to define Bitcoin price peak this cycle. According to the cycle retracements shown on his chart, the first two cycles came quite close to the 2.618 extension, while the last one reached the 1.618 extension.

Assuming the 1.618 point repeats this cycle, the BTC price will be $159,128. “This is one of many prospects that need to be balanced in the basket of opportunities, and I consider this estimate to be optimistic for this cycle,” he added.

At the time of writing Bitcoin is slowly gaining momentum towards $70,000, indicating a 5% gain in the past week. Its market capitalization fell by 0.25% and trading volume fell by 12% in the last 24 hours.

BTC trading at $69,777 on 1D Chart | Source: BTCUSDT on

Featured image from iStock, chart from


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