Bittime - Bitcoin (BTC) prices have been sluggish in the last few weeks. However, this correction is a normal thing in the cycle.
The current movement is similar to previous cycles. A well-known crypto asset expert also predicts when Bitcoin will reach its next peak.
Current Price of Bitcoin (BTC).
The price of this flagship decentralized asset (DeFi) has indeed fallen far from its record high ($73,738) reached in mid-March.
Currently, Bitcoin is trading at around $65,000. However, the expert predicts that the peak of the market cycle could occur as early as the end of this year.
Check Today's Crypto Market:
Bitcoin Cycle Peak Prediction
Professional crypto trader, Ali Martinez as quoted from finbold.com, observed that if this Bitcoin market cycle follows the previous three cycles, the actual peak could occur around December 2024 or October 2025. His analysis was shared in a post on X on June 18.
Also Read How to Buy Crypto:
Bitcoin Prediction Chart According to Crypto Experts
The chart Martinez shared shows that Bitcoin has indeed shown a similar price action pattern in the last three market cycles. This pattern is also visible in the current cycle which begins in 2022.
Source: finbold
If it follows the path of the 2011-2015 cycle, Bitcoin could peak (+40,000% from the cycle low) in December 2024.
Meanwhile, following the cyclical trends of 2015-2018 and 2018-2022, Bitcoin will peak no later than October 2025 (+10,000% or +2,000%, respectively).
Current Bitcoin Price Analysis
Source: finbold
Currently, the price of Bitcoin is at $65,160. The price rose slightly (0.11%) in the last 24 hours, but fell 4.13% in the last week, and 2.95% in the month. Even so, Bitcoin still recorded an increase of 54.38% in 2024 (data June 19).
Bitcoin Correction, Until When?
Bitcoin's current correction, amidst a market sell-off, could be an opportunity to buy on price dips and collect Bitcoin before it rises toward one of the market's possible cycle tops. Bitcoin just hit its one-month low.
Conclusion
In the end, only time will tell Martinez's predictions. It is important to remember that trends in the crypto market can change easily. Therefore, independent research is very important before investing.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
How long will it take for Bitcoin to recover after the Bitcoin halving?
Bitcoin (BTC) Price Tests $64,000: Will Recovery Come?
Differences between Bitcoin (BTC) vs Bitcoin Cash (BCH)
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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