Bitcoin

Bitcoin Has Another Three Months to its October BTC Bull Cycle Top: Analysis

Main to remember::

  • Bitcoin can reach a cycle of $ 150,000 by October, on the basis of the entry cycle fractals.

  • The new activity of BTC investors is increasing, signaling more upward space.

Bitcoin (BTC) could enter the last stage of its current Haussier market cycle, with historical fractals based on wandering, which suggests that the next major market summit could arrive by October, just three months.

Bitcoin can peak around $ 150,000 by October

A recurring “tick-tock” fractal followed by analyst Cryptobullet shows that Bitcoin tends to culminate around 518 to 546 days after each event in half. The most recent reduction in half occurred on April 15, 2024.

BTC / USD Weekly price that. Source: tradingView

At the end of July, Bitcoin reached a point where there are only 77 days left before the BTC price established a peak of the bull market after the yield, if history is repeated.

Cryptobullet said:

“BTC Bull Cycle: There are only 3 months left. Tick Tock, Tick Tock”

This places the next potential summit by October. Many analysts provide that the BTC price reaches between $ 130,000 and $ 150,000 by the end of the year, some even predicting a bull around $ 200,000.

Source: Lark Davis

Long -term Bitcoin holders are not yet capitulating

Onchain’s data also supports a Bitcoin price rally in the coming months.

A key metric comparing the activity of new investors against old, published by the cryptocurrency analyst Axel Adler Jr., shows that young parts, representing recent buyers, now represent 30% of the overall market activity.

BTC request and supply between new and old investors. Source: tradingView

The current level of 30% is much lower than the overheated peaks of 64% in March 2024 and 72% in December 2024.

These two peaks coincided with local summits, which suggests that when a new investor activity dominates the market, it often marks a period of euphoria and profit for profit.

On the other hand, reading today always allows space upwards before such conditions settled.

The trend increases the growing demand for new entrants. Meanwhile, long -term holders have not yet shown signs of capitulation.

“Former holders are always sold moderately: a coefficient of 0.3 means that the supply of three -year -old coins always absorbs the demand of young people without net fluctuations,” writes Adler Jr., adding:

“From the point of view of the risk of capitulation of the old portfolio, the market seems balanced.”

This current balance is due in part to a strong absorption of institutions. Companies and FNBs continue to accumulate bitcoin at a regular rate, helping to compensate for intermittent pressure on the sale side.

In relation: Even the request for detail now exceeds Bitcoin’s supply: Bitfinex

Consequently, the sufficient absorption of the offer by these large players has been able to contain short -term pressures, keeping the market structurally healthy because it grows more deeply in the late stages of the bull cycle.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.