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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

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.

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