As October begins, there’s growing excitement around Bitcoin! Many people are feeling hopeful, as October has a history of strong price increases. Even though Bitcoin hasn’t done well in the past few weeks, the belief in a recovery remains.
Crypto trader EGRAG CRYPTO recently shared his thoughts on when Bitcoin might reach its peak price again, suggesting two key dates: May 2025 or September 2025. Could this October be the start of a big rise for Bitcoin?
To understand this projection, EGRAG highlights the significance of historical data regarding Bitcoin’s previous market cycles. The analysis looks at the intervals between bullish crosses of the 21 Exponential Moving Average (EMA) and the 55 Moving Average (MA). However, the recent bullish cross of these indicators adds weight to the prediction, suggesting that Bitcoin may soon.
In past Cycle A, the time taken to reach the cycle peak was around 490 days. Similarly, Cycle B extended this period to 770 days, while Cycle C took even longer at 896 days.
However, with Cycle D currently in progress, the timeframe of Cycle A has already expired, which took place in August 2024. This brings attention to the lengths of Cycles B and C as indicators of what might happen next.
If Bitcoin follows the patterns set by previous cycles, traders may need to prepare for either May 2025 or September 2025 as potential dates for the next all-time high (ATH) or cycle peak. This speculation creates a buzz among investors as they weigh their options and consider their positions.
The market’s response to these projections has been mixed. Some traders are optimistic about Bitcoin’s potential to surge again, while others remain cautious. The analysis suggests that if Bitcoin’s historical trends hold, we could see significant price movements as we approach these key dates.
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