Bitcoin Analyst Predicts Potential Peak by January 2025
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) could reach its peak within the next few months.
Based on historical patterns observed after Bitcoin halvings, Svenson predicts that BTC might hit its cycle top around January 2025.
He notes that previous halvings in 2012, 2016, and 2020 have typically seen peak profits within 40 to 80 weeks post-halving, aligning with the current cycle.
Svenson points out that the 40th week following the mid-April halving falls in January 2025, which also coincides with the U.S. presidential inauguration month.
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This historical context suggests a potential peak for Bitcoin around that time.
While Svenson expects a peak in January 2025, he also considers the possibility of Bitcoin’s price surge continuing beyond that if the market remains bullish.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
