Analysis: Bitcoin technical indicators suggest that BTC is expected to reach the top of its price cycle in mid-July 2025

According to Cointelegraph, Bitcoin has fallen 3% in the last 24 hours and 8% within a week. However, market analysts say that such a decline in Bitcoin in January is not surprising. They believe that based on key technical indicators, the bull market may recover and the price of Bitcoin is expected to peak around mid-July 2025.

Well-known Bitcoin analyst Dave the Wave pointed out that according to the trend of the 52-week Simple Moving Average (SMA), Bitcoin still has potential for growth. Despite recent research and data providing different predictions, Bitcoin has always followed a logarithmic growth curve (LGC). When the 52-week SMA touches the middle track of LGC channel, bitcoin prices usually reach their peak.

In his post on January 13th, Dave The Wave mentioned when one-year moving average line touches midpoint of LGC channel, bitcoin price reaches its peak which indicates that bitcoin might hit another high point by mid-year. He predicts that top of bitcoin could appear few days or months before or after one year SMA crosses LGC median line around mid-July in year 2025. In addition he believes less steep one-year moving average means "the market is maturing".