Bitcoin recently reached an all-time high of $108,786 but is now trending downwards, possibly looking to reclaim the $100,000 level. Analyst Brett suggests that based on historical data, Bitcoin could reach its next cycle top by October 11, 2025. This prediction is based on a 903-day timeline from the last bottom in 2022, reinforced by patterns observed in previous cycles. Presently, Bitcoin’s price sits at around $96,500, with slight daily fluctuations.
Bitcoin has recently shown signs of a shift in its pricing pattern after achieving a remarkable all-time high of $108,786 at the start of the year. Following that peak, the cryptocurrency entered a downturn. Analysts are now observing an upward trend as Bitcoin attempts to re-engage with the $100,000 mark, suggesting that there might be more action on the horizon.
Crypto analyst Brett took to the X platform to share his thoughts on Bitcoin’s price movement. He dissected the trajectory of BTC by comparing its past cycles to predict where it might head from now. His analysis contrasts the time from Bitcoin’s cycle bottom, which he refers to as the lowest price point, to its current standing, and onward to its potential peak.
Brett’s compelling method involved comparing days taken to reach significant price points in previous cycles. Notably, he recorded that the period since Bitcoin’s last bottom in 2022 is exactly 903 days. By aligning this duration with past cycles of 2015 and 2018, he could forecast future trends with more clarity. The current cycle’s price range is denoted in blue and green boxes on his chart, depicting periods directly tied to Bitcoin’s historical patterns.
Historically, after those 903 days, the peak for Bitcoin was occurred 161 days later in both previous cycles. In 2017, the cryptocurrency rallied to approximately $16,000, while in 2021 it reached about $69,000 within that same timeframe. Using this pattern as a basis, Brett suggests that Bitcoin’s upcoming cycle peak could be expected around October 11, 2025 if it continues on its current trajectory.
That said, there are still uncertainties surrounding Bitcoin’s adherence to these historical pricings. Despite predictions suggesting that the bull run would fade in early 2025, recent market movements have shown positive momentum, challenging typical cyclical expectations. Thus, while there are indicators, it’s still a waiting game to see if Brett’s analysis unfolds as suggested.
At the moment, Bitcoin’s current price hovers around $96,500, down nearly 1% compared to the previous day. Investors and traders alike are keeping a watchful eye as the cryptocurrency heads towards potential key milestones in the months to come.
