Will the Bitcoin summit come in the fall of 2025?
Bitcoin is currently showing its best side, and the entire crypto market is celebrating the current rally.
Bitcoin is currently showing its best side, and the entire crypto market is celebrating the current rally. But when might this cycle end?
On Tuesday, Oct. 29, BTC reached a high of $73,300 and missed the all-time high by a hair. So the bull market is in full swing, and the big question remains: when can we expect the next cycle top? A look at previous cycles suggests that the high probably won't be reached until the fall of 2025.
Bitcoin: Investors remain optimistic
On-chain data also paint a positive picture. Many investors are currently in an accumulation phase, which could push the market to new heights after the U.S. election.
One indicator of increased interest is the new all-time high of the Futures Open Interest. On Oct. 20, this reached a record $34.2 billion, indicating that more and more traders are speculating on future Bitcoin price movements. The upcoming U.S. election on Nov. 5 could also provide expected volatility.
The MVRV indicator stands at 2.0, indicating a moderate valuation. Historically, a cycle top is only reached at values around 7.0. A comparison with 2017 shows that BTC can experience sharp corrections during a bull market, only to rise to new highs. Also, the role of Bitcoin ETFs could significantly
