A closely followed crypto trader believes Bitcoin (BTC) will hit its cycle peak well before people’s expectations.
Pseudonymous trader The Flow Horse tells his 247,900 followers on the social media platform X that Bitcoin’s market peak this cycle could come in as early as the first quarter of 2025.
“I don’t care what anyone else says. We are far closer to ‘the end for a bit’ than people want to admit. I would say within the first quarter. After big price moves, the chatter often shifts to even bigger moves – multiples of the current price. Ironically, that’s usually a strong signal that we’re nearing the peak. And it’s just one of many indicators pointing in that direction.”
He also predicts that alts will explode, outperforming Bitcoin, in the first to second quarter of 2025, closing out the current crypto bull cycle.
“As mentioned before, Bitcoin already won. This seems a bit more applicable to alts. I think Bitcoin tops, we get a nice major rotation into alts, and then it’s a wrap. Within one to two quarters seems more reasonable for all of it.”
However, other crypto analysts have a much different opinion.
Crypto trader Michaël van de Poppe tells his 748,400 followers that Bitcoin has much more room to the upside based on a decreasing supply on crypto exchanges and increasing market liquidity.
“This is one massive difference from the previous cycles. The amount of BTC on exchanges has substantially decreased and keeps decreasing. A supply shock is imminent with a big amount of liquidity being added. This cycle, we’ll go way higher than we all expect.”
Source: Michaël van de Poppe/X
Rekt Capital tells his 507,400 followers on the social media platform X that Bitcoin may reach its cycle peak in about a year based on how long it previously took BTC to hit cycle peaks after the halving events when miners’ rewards are cut in half. Bitcoin’s most recent halving event was in mid-April.
“In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. In the 2019-2021 cycle, Bitcoin peaked 546 days after the halving. If history repeats and the next bull market peak occurs 518-546 days after the halving that would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025.”
Bitcoin is trading for $99,741 at time of writing.
Generated Image: Midjourney
