As Bitcoin (BTC) continues to attract investor enthusiasm, recently hitting a historic high of nearly $112,000, cryptocurrency analyst Cyclop shared some interesting predictions about the future performance of this cryptocurrency.
Will Bitcoin break through its historic high again?
In a post on the social media platform X (formerly Twitter), Cyclop predicts that Bitcoin's next peak is expected to occur between November and December 2025, with the bull market likely ending around February to March 2026. Additionally, he expects altcoins to rebound in the summer and fall of 2025.
Cyclop elaborated on the cyclicality of the cryptocurrency market, noting that while many investors are excited, typically only a small portion are able to profit.
The analyst attributes this discrepancy to what he calls 'herd manipulation,' where most investors often misinterpret market signals, believing it is too late or too early to invest.
Impact of the halving event
To clarify market cycles, Cyclop referred to historical data, highlighting previous Bitcoin cycle peaks: $1,242 in November 2013, $19,891 in December 2017, and $69,000 in November 2021.
The analyst pointed out that in the bull markets of 2017 and 2021, peaks occurred exactly 29 months before Bitcoin halving events, a pattern that has shown remarkable consistency.
In addition, he analyzed the duration and severity of bear markets, noting that the downturns in 2018 and 2022 lasted exactly 12 months, with retracements of 84% and 77% respectively. These similarities suggest that while each cycle may be slightly different, the overall pattern remains largely unchanged.
Cyclop also observed that historically, Bitcoin has broken through historic highs within seven to eight months after halving events, a trend that has continued in the recent cycle.
Despite many changes in the cryptocurrency landscape, such as increased adoption and changes in macroeconomic conditions, the expected bull market of this cycle seems to last slightly longer than previous bull markets, with the peak expected to be reached by the end of 2025.
As of the writing of this article, BTC is trading at $108,600, down slightly by 3% from last week's historic high of $111,800. So far this year, as the market-leading cryptocurrency, BTC has risen 56%, second only to XRP, which has increased by 337% over the same period.
Since the peak on Thursday, BTC has retraced to the $106,700 mark but has since attempted to consolidate between $108,500 and $109,000, with the potential to set new highs.
However, the $110,000 level could become a new resistance wall for Bitcoin's price, as many traders see an opportunity to short the asset, anticipating that further pullbacks will allow them to liquidate late long positions.
The performance of BTC's price in the coming days remains to be seen, as this new price discovery phase may bring volatility to market investors and could even allow altcoins to thrive.
