The research firm says the price of Bitcoin could reach a new peak next month
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- Bitcoin could reach the peak of the cycle in January, according to K33 calculations.
- The prediction is based on historical data showing a 318-day cycle for cryptocurrency prices.
- K33 sees the next peak as a “natural zone for minimizing risks and making profits in the short term.”
If history is any indication, Bitcoin It could reach a new peak within weeks, which could represent an opportunity for gains.
According to research firm K33, the token is set to reach an all-time high in mid-January, just in time for Donald Trump’s inauguration.
In a recent post on her website, Designated K33 That, on average, there are 318 days between the first peak in a cryptocurrency cycle and the last. The initial peak of this cycle occurred on March 5, suggesting that the final peak in the current cycle may occur on January 17.
This date will coincide with the beginning of Trump’s inauguration on January 20. The incoming administration proved to be a catalyst for Bitcoin’s year-end rally thanks to the promises it made to Washington More convenient for encryption. This is in addition to other factors – such as The idea of a national reserve of Bitcoin – Helped increase the token price across the six-digit milestone for the first time.
However, K33 noted that crypto enthusiasm may have gotten out of control:
“It is very likely that the market has illusory expectations about the pace of policy changes, and will overestimate the impact that will last until the inauguration,” research head Vitell Lundy wrote in a December note. “We expect the current rally to peak in mid-January before the open and view that area as a natural area to reduce risk and make profits in the short term.”
K33 predicts the price of Bitcoin using two different methods. Based on the highs of the past session, the token could reach $146,000. But based on the expected growth from Bitcoin’s market capitalization, it could instead reach $212,500.
Adrian Zducek, a certified market technician familiar with Bitcoin’s historical cycle, previously told Business Insider to prepare Withdrawals to follow. He expected corrections to begin between late January and February, ranging between 15% and 30%, before resuming another upward wave.
Meanwhile, separate research from CCData this month also pointed to a peak coming next year, albeit in a different time frame. According to the company, Bitcoin typically peaks 371 to 546 days after the last halving event, any It last happened in April. This mechanism occurs every four years and reduces the supply of new tokens by half.
“This estimate provides two scenarios: a base case in which Bitcoin is expected to peak at the beginning of the second quarter, and a bull case in which the highest price for the asset is expected in November, mirroring patterns observed in 2021,” the company wrote.
Under a base case scenario, Bitcoin could reach $155,000, CCData said. If a bullish event occurs instead, it will reach $195,000.
To be sure, K33 acknowledged that the four-year price cycle may lose importance as Bitcoin grows in volume.
“Halvings are becoming less important in terms of their relative impact, and Bitcoin adoption is occurring at an institutional level. Bubbles and withdrawals are set to remain a common feature, but they arise from new developments,” K33 said.
Both companies have noted that Bitcoin’s price has deviated from cyclical norms before, suggesting that investors remain cautious when predicting price movements based on the halving.
No matter how things go in January, there is no shortage of cryptocurrency optimists for 2025. End of Year Predictions Ranging from $200,000 to $500,000nourished Ongoing institutional adoptiona soft regulatory and macroeconomic backdrop, and a broader rise across the cryptocurrency space.