The Bitcoin price appeared to have reached its top in this current cycle, embarking on a downward trend after notching a new all-time high of $108,786 at the beginning of the year. The story seems to be changing again for the premier cryptocurrency, as it builds on recent bullish momentum and looks to reclaim the $100,000 level.
When Will $BTC Price Reach The Cycle Top?
In a recent post on the X platform, crypto analyst Brett put forward an interesting analysis of the Bitcoin price structure and its potential trajectory in what remains of the current cycle. This evaluation looks at the price of $BTC from the cycle “bottom to present” and “present to top.”
Using the previous two cycles as a foundation, Brett was able to calculate the number of days it took the Bitcoin price to travel from the bottom to the present and from the present to the top. In the chart below, the “blue” box represents the amount of time since the last bottom, while the “green” box represents the amount of time from “present” to the cycle tops.
newsbtc.com
