- If history decides to repeat itself, analysts at Copper.co predict that the market cycle for bitcoin might peak in roughly 200 days.
- According to them, technical indications such as the Relative Strength Index indicate that bitcoin still has potential for development in the upcoming months, even in the face of a potential U.S. recession.
Based on past statistics, analysts at Copper.co predict that the price of bitcoin may peak by the end of May.
In a research published Tuesday, the experts looked at the market capitalization rise of bitcoin throughout the course of several bull and bear cycles.
They discovered that the average cycle of bitcoin lasts 756 days, starting from the moment its market capitalization growth goes positive and ending when its price peaks.
According to Fadi Aboualfa, Head of Research at Copper.co, the cryptocurrency is currently on day 554 of its current cycle, which started in the middle of 2023.
Based on the average cycle period, this timeline indicates that bitcoin may peak in about 200 days, or around mid-2025.
Conformity to recession projections
The anticipated peak of bitcoin may align with the potential for a U.S. recession, according to the Copper.co research.
According to a JPMorgan analysis, there is a 45% risk of a recession in the second half of 2025, which coincides with the analysts’ predicted peak for bitcoin.
Even though bitcoin has proven resilient throughout recessions in the past, they noted that this possible economic slowdown may have an impact on investor behavior and market sentiment regarding the digital asset field.
Technical indicators suggest that there is potential for expansion
Analysts at Copper.co refer to technical indicators, especially the Relative Strength Index (RSI), which indicate bitcoin still has plenty of capacity for growth in the upcoming months, despite the possibility of a recession in 2025.
The RSI is currently at 60, which is far below historical bull market highs and suggests that bitcoin has a lot of room to continue gaining ground into the new year.
The GMCI 30 index, which ranks the top 30 cryptocurrencies by market capitalization, is up 0.33% to 156.18 as of the most recent market data.
The current price of bitcoin is approximately $87,359. After making a strong recovery yesterday, it has partially retreated today, down about $9,000.
Dogecoin has jumped 11% to $0.35 while ether is trading steady at $3,262.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
