Here’s when the Bitcoin peak will take place for this cycle

Here’s When Bitcoin Will Reach Its Peak Price

As the deadlines come one after the other, now is the time to move on to the next one. This year 2024 has already seen the approval of Bitcoin ETFs and recently Bitcoin Halving also took place. From now on, the next event that we could experience is obviously yet another ATH for Bitcoin and above all, the date of the next peak of the cycle.

Quite logically, the peak of the cycle is a date that every investor would like to know, or at least refine as much as possible. No answer seems exact before the event occurs, but all the same, some people often manage to get closer. Today, we therefore make way for the analysis of Titan of Crypto (@Washigorira) who regularly hits the nail on the head regarding Bitcoin.

According to the analyst, and based on previous Bitcoin cycles, the next market peak could take place in May 2025, i.e. within a year. This is due to the 2-month stochastic RSI which generally entered the overbought zone 12 to 14 months before the Bitcoin price peak. A date which comes very close to ChatGPT’s estimates on the issue. From now on, all that remains is to guess a price for this top of the cycle.

BTC is gradually gaining

Since the Halving passed, the price of BTC has continued to increase day after day.

BTC still has work to do to reach its cycle ATH but it is getting closer each time. At the time of writing, the token is valued at $66,750 after a daily high above $67,000.

Over a longer period (1 month) the coin created by Satoshi Nakamoto even recovered all the expected territory, with an overall increase of 1.79%.

Moral of the story: as is often the case, Bitcoin blooms in spring.