If the same pattern that has occurred in prior cycles continues to occur this time as well, an expert has provided an explanation as to when the next high of the Bitcoin bull run may occur.
The previous cycles of Bitcoin indicate that this is the case with regard to the bull run top.
Analyst Ali has written a new article on X in which he discusses the ways in which the two most recent bull runs for Bitcoin are correlated with one another, as well as the implications that this may have for the current cycle of the cryptocurrency.
In order to draw the comparison, the analyst has referred to a chart that illustrates the price movement in each of the cycles, with the cyclical bottoms serving as the starting point for all of the cycles.
Based on the graph, it is evident that the peaks of the two most recent bull runs in Bitcoin occurred at around the same period of time since the bottoms of the respective cycles.
It has been decided that the bottom of the current cycle will be the low that occurred after the FTX crash in the year 2022. In the event that the present cycle is aligned with these previous two beginning from this bottom, then it would still have around 600 days until it reaches the same position as when the most recent pair of bull runs reached their highest points.
"Projections suggest that the next market peak could land around October 2025," adds Ali. "If Bitcoin mirrors previous bull runs (2015-2018 & 2018-2022) from their respective market bottoms, then the next market peak could land around that time." According to this, Bitcoin still has a positive momentum ahead of it for another 600 days!
There has been a possibility that Bitcoin may go below a historical line. In recent times
The short-term price trend of Bitcoin has been unpleasant for investors, as the cryptocurrency has suffered a considerable downturn since the spot ETFs obtained permission from the United States Securities and Exchange Commission (SEC). This is despite the fact that Bitcoin may have a favorable view for the long run.
Prior to making some kind of comeback back around the $40,000 level, which it is now trading around, the cryptocurrency had even fallen to the point where it was trading at the $38,500 mark earlier.
During this most recent decline, Bitcoin came perilously close to retesting the "short-term holder realized price," which is a level that has been critical for the asset throughout its entire existence.
The term "realized price" refers to a statistic that is used to monitor the price at which the typical investor in the Bitcoin market purchased their coins. The fact that the current price is higher than this number naturally indicates that the average holder in the sector is making a profit, whilst the fact that it is lower than the line indicates that losses are the predominant form of holdings.
According to what Ali has said in another post on X, the "short-term holder" group will find themselves in a position where they are losing money if the price of the cryptocurrency falls below the 35,130 mark.
Short-term holders, often known as STHs, are investors in Bitcoin who have acquired their coins within the last 155 days after the first purchase. The price that they have really achieved is now at the level of $38,125. When this line has been broken repeatedly in the past, it has often indicated that the coin would remain below it for a longer period of time.
Bitcoin has been able to avoid a retest of this level up to this point; but, if the present drop continues, it may even be able to break through it. The expert notes that "this potential BTC dip might trigger a new wave of panic selling as these holders will seek to minimize losses," and that there might be a new wave of selling.
