Analyst: If history repeats itself, Bitcoin is expected to reach a cyclical peak around the time of Trump's inauguration
ChainCatcher news, according to Jinshi reports, the latest report from K33, a cryptocurrency research company, led by research director Vetle Lunde, shows that based on the analysis of Bitcoin's data over the past three cycles, the average duration from the first breakthrough of the historical high to the cycle peak is 318 days. If history repeats itself, Bitcoin may reach the peak of this cycle around January 17, 2025, coinciding with the possible inauguration of Trump.The report estimates that based on historical cycle peak price calculations, Bitcoin is expected to reach $146,000 in this cycle, and if calculated by market capitalization, it could touch $212,500. Sevens Report Research technical analyst Tyler Richey stated that since Bitcoin broke through $100,000, trading volume has continued to decline, indicating a weakening bullish sentiment.If Bitcoin breaks through the resistance range of $100,000 to $101,500, it is likely to retest the range of $106,000 to $108,000. If it fails to break the new high, $90,000 will become a key support level; if it sets a new high, the next target price will be $118,000.