If Bitcoin continues to follow the classic four -year cycle, he will be able to reach a new price maximum in October, Glassnode experts reported.

The current dynamics of the first cryptocurrency still fit into the traditional four-year cycle, despite the new wave of institutional interest that could violate it, experts pointed out.

“If this cycle repeats the scenario of 2020, the peak of the market should be expected around October, that is, 550 days after halving in April 2024,” experts explained.

According to them, the fixation of profit by long -term holders (owners with a coin storage period for more than 155 days) reached levels familiar to the peak phases of past cycles. This may indicate the approach of the end of the current growth wave.

Even if the correction of the first cryptocurrency continues, it is unlikely that this will have a serious impact on the mood of investors who are waiting for the growth of quotations, analysts say.

Earlier, the macro economist and analyst Alex Krueger said that Bitcoin’s bull trend will resume after US President Donald Trump will receive the departure of the chairman of the Federal Reserve (Fed) Jerome Powell.