BREAKING

Bitcoin Analyst Predicts Major Bull Run in 2025 Following Mid-Cycle Adjustments

BTC

BTC/USDT

$66,304.45
+3.67%
24h Volume

$17,498,500,831.86

24h H/L

$66,354.00 / $63,920.28

Change: $2,433.72 (3.81%)

Long/Short
55.4%
Long: 55.4%Short: 44.6%
Funding Rate

+0.0071%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$66,268.97

1.55%

Volume (24h): -

Resistance Levels
Resistance 3$70,265.44
Resistance 2$67,834.53
Resistance 1$66,797.37
Price$66,268.97
Support 1$65,089.69
Support 2$64,476.11
Support 3$61,608.34
Pivot (PP):$64,718.17
Trend:Uptrend
RSI (14):60.5

COINOTAG News, September 20 – According to CoinDesk, the well-regarded anonymous crypto analyst CryptoCon has highlighted that Bitcoin (BTC) experienced its mid-cycle peak in both 2016 and 2020. Following these peaks, BTC typically enters a phase of sideways consolidation before breaking through by the year’s end. The Bitcoin halving event, which occurs automatically on a four-year cycle, halves the issuance of new tokens, invariably influencing Bitcoin’s supply and enhancing its scarcity.

This year saw BTC reach a peak of $73,000 in March, only to retreat by approximately 33% to a low in early August. CryptoCon suggested that BTC is nearing the conclusion of a standard mid-cycle adjustment. “There are valid concerns whether it’s predicting a peak or a potential recession,” he stated. “However, the cycle continues as anticipated.” He further mentioned, “All indicators point towards a significant bull run for Bitcoin by 2025.”

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