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Crypto Potato 2025-01-06 16:35:41

Here’s When the Current Bull Cycle Could End According to CryptoQuant

Here’s When the Current Bull Cycle Could End According to CryptoQuant

According to a CryptoQuant analyst, the ongoing bull cycle may end sooner than many anticipated. Using Bitcoin (BTC) as a benchmark, the analyst stressed that the bullish trends will climax during the first quarter of 2025 or, at the latest, by the second quarter. The analyst also shed light on how the market price movement will likely move in the coming months before the bull cycle peaks. Bull Cycle to End Soon The CryptoQuant analyst explained that the current bull cycle began in January 2023, a few weeks after the catastrophic FTX crash . At that time, BTC saw a significant price recovery from below $20,000. Since then, the apex crypto asset has captured the attention of key players in the financial world, thanks to investment vehicles like the Bitcoin exchange-traded fund (ETF). With the bull cycle spanning about two years and BTC’s price seeing a significant surge in the same duration, the analyst believes that “it is reasonable to expect that the market is now in the latter stages of this cycle.” The analyst stated that the percentage of BTC traded within a month is 36%, significantly lower than the peaks seen in past cycles. Hence, this metric is expected to rise before the bull cycle ends, leading the crypto expert to project Q1 or Q2 of this year as the crypto market’s climax. Like this analyst, many in the industry believe crypto assets like Bitcoin will unlock meteoric growth this year. One of the factors fueling the bullish prediction is the upcoming inauguration of the United States President-elect Donald Trump to become the 47th president. Crypto enthusiasts are optimistic that his administration will introduce various activities to boost BTC adoption. Analyst: Expect 2 to 4 Spikes Occasionally, BTC skyrocketed to new prices in a single spike, accompanied by a rapid surge in trading activities. However, the CryptoQuant analyst stressed that this year’s increase will likely take a different approach. “Rather than a single spike, this ratio is likely to rise sharply 2 to 4 times, typically leading to significant overheating followed by a bear cycle,” the analyst wrote. As a result, the CryptoQuant analyst encouraged the crypto community to expect a significant price increase in the near term for BTC and altcoins. The post Here’s When the Current Bull Cycle Could End According to CryptoQuant appeared first on CryptoPotato .

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