Copper.co analysts believe that the Bitcoin price peak of the current bull period could come at the end of May, writes RBC Crypto. Experts calculated this period based on the duration of previous cycles of the leading cryptocurrency.
Analysts have studied the history of Bitcoin market capitalization movements within bullish and bearish cycles. They found that the average growth cycle previously took about 756 days.
On November 12, according to experts, Bitcoin was on the 554th day of its current cycle, which began around mid-2023. Based on average cycle times, analysts believe that Bitcoin could peak in about 200 days, in late May or early June 2025.
The report states that Bitcoin’s predicted peak could coincide with the start of a possible recession in the US. Analysts drew attention to forecast JPMorgan, according to which the probability of a recession in the United States in the second half of 2025 is 45%.
Technical analysis also suggests that Bitcoin has potential for growth in the coming months, Copper.co added. The relative strength index (RSI) is at 60, well below previous bull market highs, indicating significant room for further growth in Bitcoin in 2025, experts say.
The analysts’ report does not suggest what price Bitcoin will reach at its projected peak.
Earlier, Jeff Kendrick, an analyst at the British bank Standard Chartered, predicted that BTC would continue to grow to $125,000 by the end of the year, based on the behavior of Bitcoin after Donald Trump took office as US President in January 2017. Kendrick noted that after the 2016 US elections, markets peaked around the time of the presidential inauguration on January 20th.
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Source: Cryptocurrency
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