Crypto analyst Mags predicts Bitcoin may peak between June and October 2025, following a historical surge pattern post-halving. In previous cycles, Bitcoin peaked several months after halving, with notable increases in value.
Mags references the 2013 and 2017 cycles, where Bitcoin saw gains of 9,500% and 4,100% respectively, peaking over 400 days post-halving. In 2021, Bitcoin experienced a more modest 636% increase, peaking 546 days after halving.
For the current cycle, Mags speculates a 300% increase could occur, potentially pushing Bitcoin's price to around $200,000.
Despite the optimistic long-term outlook, Bitcoin's short-term performance shows weakness, with a 2.1% price decline over 24 hours and a trading price of $61,911. However, daily trading volume increased from $24 billion to $28 billion over the same period.
Notably, significant Bitcoin withdrawals from exchanges on July 5th, July 16th, and August 27th, totaling 155,000 BTC, may indicate bullish sentiment as investors potentially hold for the long term.
