CryptoQuant analyst predicts bull cycle end in Q1 or Q2 of 2025
According to a CryptoQuant analyst, the ongoing bull cycle may end between the first and second quarters of 2025.
The analyst pointed out that Bitcoin’s (CRYPTO:BTC) bull run, which started in January 2023, is expected to peak soon.
This cycle followed the aftermath of the FTX (CRYPTO:FTT) crash, with Bitcoin recovering from a price drop below $20,000.
Over the course of the cycle, BTC has surged in price, attracting significant attention from investors and financial players, especially with developments like the Bitcoin exchange-traded fund (ETF).
With this bull market now approaching its two-year mark, the analyst believes it is nearing its end.
The percentage of Bitcoin traded within a month has decreased to 36%, which is lower than the peak trading levels seen in previous cycles.
The analyst suggested that this metric is likely to rise before the cycle concludes, reinforcing the forecast for Q1 or Q2 of 2025 as the period when the market will reach its climax.
Several experts in the crypto industry share the belief that BTC will experience substantial growth this year.
Among the factors contributing to this optimism is the inauguration of the new U.S. president, Donald Trump, whose administration is expected to support Bitcoin adoption through various initiatives.
The analyst further noted that Bitcoin’s price could experience 2 to 4 significant spikes, unlike previous cycles where one large spike occurred.
These price surges may lead to rapid trading activity followed by cooling off periods, often followed by a bear market.
As a result, the analyst urges the crypto community to prepare for a possible surge in the near term for both BTC and altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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