Bitcoin’s Potential Cycle Peak Predicted by Analyst
A well-known crypto analyst, known as Inmortal, has shared insights on when Bitcoin (BTC) could potentially reach its cycle peak. With a following of over 221,700 followers on the social media platform X, Inmortal has made some intriguing predictions.
According to the analyst, it typically takes around 1,064 days for Bitcoin to rally from the bottom of the cycle to the top. Moreover, between the previous cycle’s peak and a new cycle’s peak, it usually takes an average of 1,400 days. Based on these calculations, Inmortal suggests that if this cycle follows a similar pattern, Bitcoin’s peak could be expected between September and October of 2025.
In a recent chart shared by the analyst, it is indicated that Bitcoin hit this cycle’s bottom in November 2022 when it reached a price of approximately $15,500. As of the current writing, Bitcoin is trading at $95,605.
Shifting focus to Ethereum (ETH), Inmortal also shared insights on the second-largest cryptocurrency by market cap. The analyst believes that Ethereum is unlikely to drop below $3,000 again and is likely to consolidate within the range of $3,000 to $3,500. The chart shared by Inmortal suggests that ETH has turned the $3,000 level from a resistance zone to a support area. Ethereum is currently trading at $3,366.
Moving on to the FLOKI (FLOKI) memecoin, the analyst predicts that it is “ready to lead the next leg up.” According to the chart shared by Inmortal, FLOKI has been following an upward-sloping trendline and could potentially rally by over 50% from its current level. FLOKI is currently trading at $0.000172.
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As always, remember to do your own research and invest wisely in the volatile crypto market.
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