Bitcoin History Might Repeat Itself, Analyst Says BTC Has X Days Before It Could Hit Peak

Bitcoin’s current price action closely tracks previous market cycles and suggests the top cryptocurrency still has almost two more years of upside remaining in its bull run, according to crypto trader Ali.

Ali notes that mirroring Bitcoin’s past two major bull markets points to the next peak arriving around October 2025. This projection is based on analyzing the duration and magnitude of gains from respective cycle bottoms.

The 2015–2018 bull run saw Bitcoin surge from under $200 to around $20,000 before topping out. The 2018–2022 cycle then took BTC from roughly $3,100 to $69,000 at its high. Measuring from peak to peak, each advance lasted approximately 1,100 days.

If history repeats itself, Ali calculates that Bitcoin could trend higher for another 700 days from now. This timeline would culminate around October 2025, implying over two more years of potential bullish momentum.

Of course, there is no guarantee that Bitcoin precisely mimics prior cycles. But the striking symmetry of previous advances gives credence to the notion that Bitcoin could see accelerating upside momentum into late 2024 before culminating in blow-off tops in 2025.

Read also:

For now, Bitcoin continues to build upon a 23% recovery from its recent lows. If key support levels hold, history provides a template for Bitcoin to sustain this bull run for an extended period as it revisits its former glory and sets new all-time highs.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo