Analyst CRYPTO₿IRB claims that the Bitcoin bull market will finish in 50 days, based on an analysis of historical data and current market conditions.
Forecast for Market End
According to CRYPTO₿IRB, the Bitcoin bull market will end around late October, as the peak cycle countdown indicates that Bitcoin is 95% done. "The cycle will end in 50 days," states the analyst. Currently, it has been 1,017 days since the low in November 2022. Previous bull market peaks have occurred between 1,060 and 1,100 days from cycle lows.
Differences in the Current Cycle
The analyst also noted that 503 days have passed since the April halving, and historical peaks usually occur between 518-580 days post-halving. "We are 77% to 86% through that window, basically entering the hot zone," he added. Other analysts emphasize that the current market differs from previous ones due to institutional adoption, supported by a pro-crypto government in the U.S.
Current BTC Price Dynamics
As of now, Bitcoin has been consolidating between $107,500 and $112,500. Prices are fluctuating, and while support is holding, a September correction could bring it back below six figures. Bitcoin was worth $112,200 at the time of writing, recovering from a dip below $109,500 on Thursday, with the market showing resilience to positive news at the moment.
Thus, the prediction of the end of the Bitcoin bull market in the coming 50 days emphasizes the importance of analyzing historical data and current trends, which can significantly impact future market activities and valuations.
