Bitcoin Price Retraces to $110,000 as Analyst Predicts 60 Days Left in Bull Cycle

Bitcoin (BTC) has retraced to $110,000, prompting concerns of a potential bearish cycle. Trader CryptoBirb states Bitcoin is currently 93% into its growth cycle, which spans 1,007 days, and predicts about 60 days remain before a possible peak.

Key Insights

Analysis indicates the current bullish phase may be nearing its end.
Historical cycles suggest durations have increased from approximately 350 days to over 1,000 days.
Current trajectory points to a cycle length of about 1,060 to 1,100 days.
Previous Halving events led to price peaks around 492 days later, suggesting a target window between October 19 and November 20, 2025.
Next significant bear market anticipated not until 2026, with past bear markets lasting 364 to 411 days and average losses of around 66%.
A potential retracement toward $37,000 is possible if historical patterns hold.
August and September are historically challenging for BTC, while October and November tend to see stronger performance.
Current support level is around $97,094 and resistance at $117,058.
Monitoring price movements below $110,000 is critical for determining bearish trends.
On-chain metrics show healthy mining costs near $97,124 with no immediate capitulation signs.

Overall, mixed sentiment persists, but convergence of cycle analytics, Halving events, and seasonal trends may indicate an upcoming significant market movement in Q4.