The Bitcoin technical indicator predicts the peak of the Bitcoin price cycle

BTC

tickers down

93,844 €

has decreased by 3% in the last 24 hours and 8% in the last week. However, market analysts claim that this drop is not unusual for BTC in January. Therefore, the bull market could resume, with the price of Bitcoin potentially peaking in mid-July 2025, based on a key technical indicator in 2025.

Daily chart of the BTC/USD pair. Source: Cointelegraph/TradingView

Bitcoin price could peak in summer

Data from Cointelegraph Markets Pro and TradingView reveal that Bitcoin remains stuck in a four-week price consolidation range after its spectacular rise in 2024, which culminated in new all-time highs of USD 108,268 on December 17.

Since then, the price has fallen by 14% from these record levels, but BTC still has more room to rise, as indicated by the 52-week simple moving average (SMA), according to popular trader and Bitcoin analyst Dave the Wave.

While several studies and data have served various predictions in recent weeks, Bitcoin has previously adhered to the levels outlined by the logarithmic growth curve (LGC), where the price of BTC peaked once the 52-week SMA touched the middle band of the channel.

The price of Bitcoin "previously peaked when the one-year moving average touched the middle mark of the LGC channel," said Dave the Wave in a post on January 13 on X.