Analyst Predicts Bitcoin Price Cycle Top Could Occur by October 2025
The Bitcoin price has begun a downward trend after reaching a new all-time high of $108,786. Currently, it is attempting to reclaim the $100,000 level.
Potential Cycle Top for BTC
Analyst Brett analyzed Bitcoin's price structure from its recent bottom to present. Key points include:
- The period since Bitcoin's bottom in 2022 is 903 days.
- In previous cycles, Bitcoin reached a cycle peak 161 days after similar periods.
- Historical peaks occurred around $16,000 in 2017 and $69,000 in 2021, both 161 days post-bottom.
- If this pattern continues, the next potential peak could be on October 11, 2025.
However, there are doubts regarding adherence to typical cycle theories due to recent market trends.
Current Bitcoin Price
As of now, Bitcoin is priced at approximately $96,500, marking a nearly 1% decline in the last 24 hours.
