TechFlow news, on December 25, Vetle Lunde, Head of Research at cryptocurrency research firm K33, released a new report showing that based on data analysis from the past three Bitcoin cycles, the average duration from the first breakout of all-time highs to the cycle peak is 318 days. If history repeats itself, Bitcoin could reach the peak of this cycle around January 17, 2025—just before the likely inauguration ceremony of Trump as president. According to the report, based on historical cycle peak prices, Bitcoin in this cycle could reach $146,000, and potentially rise to $212,500 when calculated by market capitalization.
Tyler Richey, technical analyst at Sevens Report Research, stated that after Bitcoin broke above $100,000, trading volume has continuously declined, indicating weakening bullish conviction. If Bitcoin breaks through the resistance zone of $100,000–$101,500, it may retest the $106,000–$108,000 range. If it fails to break to new highs, $90,000 will become a key support level; if it makes new highs, the next target price will be $118,000.
