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Crypto experts have identified the peak of bitcoin growth

11:12 am, November 14, 2024

Experts from the analytical company Copper predict that bitcoin BTC $90,587.44 Bitcoin -0.68% Market capitalization $1.79 trillion VOL. 24 hours $2.1 billion will reach its peak at the end of May 2025. According to the experts, this may coincide with the predicted recession in the United States.

According to analysts, a typical bitcoin cycle lasts about 756 days. It has already been 554 days since the previous bottom was formed, and there are still about 202 days left before the likely peak, if the current trend continues.

The financial analytical company JPMorgan also estimates the probability of a recession in the second half of 2025 at 45%, which could affect the cryptocurrency market. Experts point out that although bitcoin usually shows resilience during economic downturns, this time the market sentiment and investor behavior may be different.

In the short term, bitcoin is expected to show positive dynamics due to technical indicators such as the Relative Strength Index (RSI).

As a reminder, Чанпен Чжао" href="https://noworries.news/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao recently stated that the current bullish trend in the cryptocurrency market is not over yet, and bitcoin will continue to grow despite the skepticism of many analysts. In his post on social media platform X, he mentioned that bitcoin has been declared «dead» many times, but the cryptocurrency continues to strengthen its position as the most popular digital asset.

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BTC

$90,587.44

-0.68%

ETH

$3,135.55

0.84%

BNB

$622.63

0.28%

XRP

$1.13

26.58%

SOL

$216.27

-1.60%

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