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Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst

Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst

Daily HodlDaily Hodl2024/12/26 16:00
By:by Mark Emem

A widely followed crypto analyst is outlining when Bitcoin ( BTC ) could potentially reach its cycle peak.

Pseudonymous crypto trader Inmortal tells his 221,700 followers on the social media platform X that it takes an average of 1,064 days for Bitcoin to rally from the bottom of the cycle to the top.

Between the previous cycle’s top and a new cycle’s top, the analyst says it takes an average of 1,400 days.

“If this cycle is similar, TOP will be between September – October 2025”

Based on the analyst’s chart, it appears that the flagship digital asset reached this cycle’s bottom in November of 2022 when it hit a price of around $15,500.

Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst image 0 Source: InmortalCrypto/X

Bitcoin is trading at $95,605 at time of writing.

Moving on to Ethereum ( ETH ), Inmortal says that the second-largest crypto asset by market cap is unlikely to go below $3,000 ever again. Inmortal, however, says that Ethereum is likely to continue consolidating in the zone between $3,000 and $3,500.

Based on Inmortal’s daily Ethereum chart, it appears he is suggesting that ETH has turned the level around the $3,000 price from a resistance zone to a support area.

Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst image 1 Source: InmortalCrypto/X

Ethereum is trading at $3,366 at time of writing.

Next up is the FLOKI ( FLOKI ) memecoin. The trader says FLOKI is “ready to lead the next leg up.” Based on his chart, the meme asset has largely followed an upward-sloping trendline and could rally by over 50% from its current level.

Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst image 2 Source: InmortalCrypto/X

FLOKI is trading at $0.000172 at time of writing.

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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.

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