$BTC
According to PANews, cryptocurrency research firm K33 Research has highlighted Bitcoin’s recent volatility since it surpassed the $100,000 milestone earlier this month. Historical data suggests that Bitcoin could hit a new all-time high by mid-January next year. Vetle Lunde, head of research at K33, noted that based on Bitcoin’s previous three cycles, the average duration from the first to the last high was 318 days. With Bitcoin hitting its first all-time high in the current cycle on March 5, if the average duration of previous cycles repeats, investors could see a new peak for the cryptocurrency on January 17, 2025. This potential peak would coincide with the U.S. Presidential inauguration on January 20.
