According to data from the cryptocurrency research firm K33, Bitcoin has been fluctuating since it broke the $100,000 milestone earlier this month. But history indicates that it may reach a new all-time high around mid-January next year.

Bitcoin set an all-time high of $108,309 on December 17, but plummeted last week along with the stock market after the Federal Reserve hinted that the rate cuts in 2025 would be lower than previously expected by policymakers.

According to K33's research director Vetle Lunde, based on the data from Bitcoin's last three cycles, the average duration from the first to the last all-time high in each cycle is 318 days. With Bitcoin reaching its first all-time high of the current cycle on March 5, if the average duration from previous cycles repeats, investors may see the cryptocurrency peak at a new high on January 17, 2025.

Cryptocurrency analysts typically divide Bitcoin's price performance into a four-year cycle, with each cycle experiencing four stages: breakout, speculation, correction, and consolidation. This division of the cycle is mainly based on the timeline of Bitcoin halving, a mechanism that controls the supply of the cryptocurrency. Halving refers to the halving of the rewards for Bitcoin mining, which occurs approximately every four years, with the most recent one happening in April this year.

If Bitcoin does indeed reach its cycle peak in mid-January next year, it will be close to the inauguration of Donald Trump as President of the United States, which is on January 20.