Last weekend the fourth Bitcoin (BTC) halving took place since the creation of the network. In the past, this famous event opened the door to a huge bull market, and this time most cryptocurrency investors are not expecting a different turn of events.
For the first time in history, decentralized assets hit a new price record before the halving, suggesting the cycle is accelerating. When can BTC price potentially reach its absolute peak?
Can Bitcoin Peak This Year?
In the second week of March, Bitcoin surpassed its November 2021 all-time high of around $69,000. The highest level of $73,800 was surpassed on March 14, after which the price started to decline.
As previously noted, for the first time in history the old price record was surpassed before the halving.
In the past, just a few months after the halving, there was a sharp increase in prices, which brought new records. This has sparked debate over whether the current cycle could be different from previous ones.
