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Experts have called the time to create Bitcoin peak

Experts have called the time to create Bitcoin peak

Bitcoin will peak at the end of May 2025, which coincides with recession forecasts in the US. This idea was presented in Copper, wrote The Block.

Experts explained the situation with data from various bullish and bearish cycles. They found that they lasted an average of about 756 days. 554 days have passed since the coin was created; there are 202 more days left until the peak, if the analogies are still correct.

1-12921-1292Average cycle of Bitcoin based on the realized capitalization. Data: Copper.

Analysts noted that JPMorgan estimates the likelihood of a recession in the second half of 2025 at 45%.

2-9372-937Dynamics of the onset of recession probability. Data: Copper.

Experts warned that Bitcoin has historically shown resilience during periods of economic downturn, but this time market sentiment and investor behavior may be different.

In short, the positive dynamics of digital gold will continue, as indicated by technical indicators such as RSIexperts noted.

Previously at Bernstein called “as soon as possible” add crypto assets to the investment portfolio. They suggested buying a basket of digital assets including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE and LINK.

Let us remind you that the former head of BitMEX Arthur Hayes repeated the forecast for the growth of Bitcoin up to $1 million.

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2024-11-13 07:12:00
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