Bitcoin is entering the late stages of its bull cycle, according to expert Crypto Dan. Bitcoin's value has soared since the beginning of 2023 due to new investments. However, the market's current indicators reveal that it might be nearing its peak.
Crypto Dan notes that a key metric—the percentage of Bitcoin traded based on realized market cap—has decreased yet suggests the market is approaching its cycle peak. Dan anticipates this peak between Q1 and Q2 of 2025. Historically, such peaks are succeeded by corrections or bear cycles.
In the late-stage bull cycles, market volatility increases as profit-taking influences behavior. Additionally, a surge in short-term trading often leads to market corrections. Meanwhile, long-term holders stand firm, offering stability.
Bitcoin saw a resurgence as 2025 began, moving over the $100,000 mark after a dip below $95,000. It's currently priced at $101,624, up 3.9% from the previous day, hinting at a new all-time high.
