Will the leading crypto hit an all-time high in 2025? A new model predicts when the next Bitcoin bull run will begin.
Bitcoin is counting down to the “start of the bull run”!
The analyst with the pseudonym CryptoCon says Bitcoin hodlers should look to November 2024 for clues on when the BTC price will target the next top. However, the analyst notes that Bitcoin is about to test hodlers with a “mid-cycle lull” before beginning a bull run in late 2024. According to its creator, popular analyst CryptoCon, the “November 28 Cycles Theory” predicts that the BTC price will rise to an all-time high in 2025.
Debate continues regarding the nature of the current Bitcoin four-year price cycle. In this environment, CryptoCon says things are simpler than many imagine when it comes to how BTC behaves at a given point in time. Explaining the “November 28” chart, CryptoCon defines this date as an important pivot point in the year. It also states that there is a three-week period on each side. In this context, the analyst makes the following statement:
Using 4 year time cycles against my theory produces the exact behavior of Bitcoin over time since its inception. The cycles are centered around the first halving date on November 28. Bitcoin price movement began on October 8, 2010, with its first bottom. This is where cycle curves peak every 4 years. The peaks and bottoms come at their appropriate times on the curve +/- 21 days from November 28th. The highs are on the rise, the lows are on the rise.
Model points to November 2024 for next point of interest
The chart identifies November 28 as the date when BTC “starts a bull run” every four years. The last one occurred in 2020, when BTC surpassed its previous all-time high (ATH), breaking its current record of $69,000 a year later. So the next point of interest is November 2024. Until then, Bitcoin price action will spend its time in a “mid-cycle recession.” CryptoCon shares the following assessment:
After Bitcoin bottoms out, the price makes an early first cycle move (orange) and enters a mid-cycle lull. This is the longest part of the cycle where Bitcoin spends time around the median price (half the previous ATH) until the curve bottoms out.
Bitcoin November 28 theory chart. Source: CryptoConThe analyst is referring to Bitcoin’s local peak of $31,800 in July. He adds that in this context, BTC “almost certainly” saw its early peak.
A Bitcoin “bull market scam”
As you follow from Kriptokoin.com, opinions differ on where BTC price movement will go in the 2024 halving event. Some say modest gains will be all hodlers will see before the event in April next year. Filbfilb, co-founder of trading suite DecenTrader, still gave $46,000 as a target for the halving. It also pointed to $35,000 for the end of the year.
Meanwhile, CryptoCon summarizes the 2023 BTC price behavior as a “bull market scam” in its latest newsletter. In this regard, the analyst makes the following comment:
This makes it look like the bull market has started with many signals being triggered. But then at some point the price cannot continue. This is the most convincing example we’ve ever seen. Personally, I think there is still some time for this and I am patiently waiting for it to be completed.
BTC 1 day chart. Source: TradingViewAt press time, Bitcoin (BTC) was trading at $25,864, up slightly on a daily basis.
51516
