Cryptocurrency expert Kevin Svenson predicts that Bitcoin (
BTC
) could reach its peak in the next few months. With a subscriber base of 78,600 on YouTube, Svenson explains that based on Bitcoin’s behavior after previous halvings, BTC could hit its peak in approximately six months.
“Following the halving in 2012, there was a 40 to 80-week profit zone. The same pattern followed after the 2016 halving and the 2020 halving. If we apply this to the current halving that occurred in mid-April, the 40th week lands on January 2025, which also coincides with the US Presidential inauguration month. This historical context suggests a possible peak for Bitcoin in January 2025… I’m basing this on the usual time frame for a peak, around the 80th week after the halving, and looking at it from the perspective of the election cycle, it aligns with January 2025.”
Svenson acknowledges that Bitcoin could potentially exceed his expectations. “The market could see significant growth from now until that point in time. We might experience a surge in the New Year and it could continue beyond January… January 2025 is the current area of interest, but it’s all dependent on whether Bitcoin remains stagnant for longer than expected, which could lead to further growth past January 2025.”
As of now, Bitcoin is trading at $60,110.
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