Analyst: Bitcoin is nearing the end of a typical mid-cycle adjustment

The anonymous crypto analyst CryptoCon pointed out that BTC reached its peak in the cycles of 2016 and 2020, followed by several months of sideways consolidation, eventually breaking through at the end of the year. The halving event of Bitcoin automatically occurs every four years, reducing the issuance of new tokens by 50%, which is widely believed to affect Bitcoin's supply and create scarcity. This year, BTC peaked at $73,000 in March before falling about 33% to a low point in early August. CryptoCon noted that it is nearing the end of a typical mid-cycle adjustment. "Whether it's cycle peak predictions or economic recession prophecies, everyone has reason to worry about the worst-case scenario while at the same time, cycles continue as expected. All signs point towards a real bull market for Bitcoin in 2025," he added.