Markets
Bitcoin Could Hit Cyclical Top in January 2025, Predicts Crypto Analyst Kevin Svenson – Here’s Why
Cryptocurrency analyst Kevin Svenson claims that Bitcoin (Bitcoin) could reach its cycle peak in the coming months.
Svenson tell His 78,600 YouTube subscribers claim that given Bitcoin’s post-halving behavior in previous cycles, BTC could hit its cycle peak in about six months.
“So it’s [2012] halving, 40-80 week profit zone. [2016] Halved, from 40 to 80 weeks. [2020] halving, from 40 to 80 weeks. Current halving [which occurred in mid-April]The 40th week falls in January 2025. And it will also be the [US President] inauguration month. So I mean this has historical context in two different ways. So we could see a January peak for Bitcoin…
I’m just basing it on the usual time we find a spike, which is around the 80th week after the halving. And also looking at it from an election cycle perspective, that’s January 2025.”
According to Svenson, however, Bitcoin could exceed expectations.
“Markets could see a strong rally from now until then. We could see another surge in the New Year and perhaps it will continue beyond January…
January 2025 is currently the area of interest. But it depends… if Bitcoin stagnates much longer than expected, then maybe we will go even higher beyond January 2025.”
At the time of writing, Bitcoin is trading at $60,110.
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