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11975
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The Daily Hodl 2024-12-27 10:15:20

Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst

Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst

A widely followed crypto analyst is outlining when Bitcoin ( BTC ) could potentially reach its cycle peak. Pseudonymous crypto trader Inmortal tells his 221,700 followers on the social media platform X that it takes an average of 1,064 days for Bitcoin to rally from the bottom of the cycle to the top. Between the previous cycle’s top and a new cycle’s top, the analyst says it takes an average of 1,400 days. “If this cycle is similar, TOP will be between September – October 2025” Based on the analyst’s chart, it appears that the flagship digital asset reached this cycle’s bottom in November of 2022 when it hit a price of around $15,500. Source: InmortalCrypto/X Bitcoin is trading at $95,605 at time of writing. Moving on to Ethereum ( ETH ), Inmortal says that the second-largest crypto asset by market cap is unlikely to go below $3,000 ever again. Inmortal, however, says that Ethereum is likely to continue consolidating in the zone between $3,000 and $3,500. Based on Inmortal’s daily Ethereum chart, it appears he is suggesting that ETH has turned the level around the $3,000 price from a resistance zone to a support area. Source: InmortalCrypto/X Ethereum is trading at $3,366 at time of writing. Next up is the FLOKI ( FLOKI ) memecoin. The trader says FLOKI is “ready to lead the next leg up.” Based on his chart, the meme asset has largely followed an upward-sloping trendline and could rally by over 50% from its current level. Source: InmortalCrypto/X FLOKI is trading at $0.000172 at time of writing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst appeared first on The Daily Hodl .

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