According to Vetle Lunde, head of K33 research, on December 25th, based on data from the past three cycles of Bitcoin, the average duration of Bitcoin's historical high from the first to the last in each cycle is 318 days. As Bitcoin reaches its first historical high on March 5th of the current cycle, if the average duration of previous cycles repeats, investors may see the cryptocurrency reach a new peak for this cycle on January 17, 2025. If Bitcoin really reaches its cyclical peak in mid January next year, it will be close to Trump's inauguration ceremony as the President of the United States on January 20th. Trump's victory has been the catalyst behind Bitcoin's strong rebound in the fourth quarter, and given that the political process may take time to materialize, Trump's inauguration ceremony will mark a natural end to this momentum, "Lunde wrote in a recent report. Lunde pointed out that based on estimates of peak prices in previous cycles, Bitcoin may reach a peak of $146000 in this cycle. He added that when using previous market capitalization as a reference, Bitcoin may reach a peak of $212500 this cycle.
