Has BTC set a double top already this bull cycle?
Analysts debate over much higher TAH possibilities for BTC.
One analyst expects to see $300,000 ATH price by the end of June.
Analysts debate over what is to be expected next for Bitcoin (BTC), as one expects BTC to have topped already with a Bitcoin double top formation. In contrast, several other reputed crypto analysts expect explosive price pumps for the pioneer altcoin asset and expect BTC to hit much higher ATH prices. Now, the crypto market wonders, has BTC set a double top already, or will the market see Bitcoin at a $300,000 price by the end of June.
Has BTC Set a Double Top Already?
A reputed financial service, Swan wonders if Bitcoin has set a double top again, like it did in 2021. The entity begins with highlighting Bitcoin's latest two ATH prices, set at $108,000 in January and then almost $112,000 in May. Is Bitocin printing the same pattern it did in 2021 all over again? Id so, what does this mean for Bitcoin through the rest of the bull cycle, and for altcoins and altseason.
https://twitter.com/Swan/status/1931069894646509787
As we can see from the post above, the entity goes on to unpack what is going on with Bitcoin (BTC) at the present time. The post marks how historically, each Bitcoin cycle has topped 12–18 months after that bull cycle’s Bitcoin Halving event. Since this has always been the pattern, what is Bitcoin’s next move? The post concludes that BTC is either in the top zone now or is heading straight for it.
The difference in this cycle is that a new ATH was set before the Bitcoin Halving event, something that’s never happened before. The post says that the 2021 pump was driven by traders while the 2025 bull cycle is being driven by allocators. This means corporations and institutions are what is driving the price of Bitcoin (BTC) in this bull cycle. What this shows is permanent holding and not profit flipping.
Meanwhile, leverage is rising and slow strategic accumulation proves long-term bets on Bitcoin from several reputable companies. Meanwhile, the data shows how 62% of all Bitcoins haven’t moved in over a year, marking a historic dormancy, a move that was last seen between 2016 and 2020. Also adding to the bullish fervor are Trump’s many crypto and Bitcoin-friendly moves.
$300,000 Bitcoin Price by June
https://twitter.com/Vivek4real_/status/1931035353856582003
Thus, analysts are certain that the price of Bitcoin still has a lot more new ATH prices to set this bull cycle. As we can see from the post above, this reputed crypto analyst says that Bitcoin (BTC) can hit $300,000 by the end of June. This coincides with similar expectations from other reputed crypto analysts and financial experts like Michael Saylor, Doctor Profit, and Robert Kiyosaki.
