JAKARTA - The digital asset created by Satoshi Nakamoto, Bitcoin (BTC), has recorded a remarkable increase since early 2023. This time BTC is expected to enter the final stage of its bull cycle.

The latest analysis of CryptoQuant shows signs that this long rally may be nearing its peak, as a number of market indicators begin to show a distinctive pattern towards the end of the bullish cycle.

According to Crypto Dan, CryptoQuant's analyst and community manager in Korea, data from the Realized Market Cap UTXO Age Bands Bitcoin indicates that the crypto market has reached a mature phase.

Currently, about 36% of Bitcoin's market cap consists of coins traded in the past month. Although this figure is lower than the previous cycle peak, it remains a signal that the market is approaching its saturation point.

Crypto And predicts the peak of this cycle is likely to occur between the first quarter (Q1) until the second quarter (Q2) 2025. However, instead of a sharp price spike, it anticipates price increases in stages, potentially heating the market and triggering bearish corrections. He also reminded investors, especially those holding large positions, to start considering risk mitigation strategies to protect their portfolios.

Influence Of Federal Reserve Policy And Additional Analysis

Other market observers have also underlined potential barriers that could affect Bitcoin's movement going forward. Markus Thielen of 10x Research noted that the US Federal Reserve's decision at the upcoming Federal Open Market Committee (FOMC) meeting could determine market direction.

Meanwhile, John Glover, Ledn's Chief Investment Officer (CIO), predicts a short-term price correction, with BTC potentially dropping to $89,000 before rising again above $125.000 in the following quarter.

Analysts also note a decline in market liquidity as a challenge for Bitcoin to maintain its momentum rise. To break the US$105,000 resistance level in January 2025, a significant spike in trading volume is required.


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