Bitcoin has seen a decline of roughly 12% from its most recent halving price, currently trading at $54,299.62. Though this dip might raise concerns, historical data offers a potentially bright outlook for those willing to wait.
As per IntoTheBlock, Bitcoin’s halving cycles have an average time of 480 days between the halving and the next market peak. This may mean that the next big price increase will likely happen in the summer of 2025. The data shows that Bitcoin is down 7% over the past week.
But the similar trends in the previous cycles of the past give some hint of what to expect next. Meanwhile, Bitcoin expert CryptoCon is drawing attention to the parallels between present market patterns and the 2019 pricing structure. He said:
We’ve been waiting almost 6 months for new Bitcoin highs, but all we’ve seen is sideways and decline […] 2024 shares many similarities with that price structure.
CryptoCon observes that micro-cap crises may throw investors into panic (the crypto winter). But later, if they take the time to recognize the big picture and historical cycle, they will be back again (the crypto summer).
Bitcoin past cycles suggest October 2025 top
If to draw a parallel to the past halving cycles. We may note that Bitcoin’s bull markets behaved in a similar way. Initially, the price was at its lowest point first and then it reached its highest point with a time gap of 518 days after the halving process.
Furthermore, Bitcoin bottomed out 517 days earlier, and thus the bull market’s peak was reached 549 days later. The above-mentioned scenarios give the impression that Bitcoin, after the halving of the year 2024, will reach its bull peak 549 days later, hence the ambiguity of the year 2025 in October.
The historical data shows two main takeaways: halving events are like mirrors, showing how close the number of days is when a bottom or top of Bitcoin is before and after the halving. In addition, even though the present downturn might be experienced, this bull cycle is probably not over.
Nevertheless, for those closely following Bitcoin’s journey, the patterns point toward a recovery that could take shape over the next 18 months, with a potential peak around the fall of 2025.
Related | Trump backs crypto and taps Elon Musk for government overhaul
