CandleFocus Analysts Said "This Cycle in Bitcoin is Different from Others, the Peak Will Come Early", Gave a Date for the Peak!
2024-10-03
Author: Content Editor
The tension between Iran and Israel has negatively impacted the Bitcoin and cryptocurrency markets. Some analysts believe that the recent decline in Bitcoin's price is temporary and that a rally will begin in October. CoinMarketCap (CMC) Research analysts suggest that Bitcoin's bull market cycle is accelerating, potentially leading to a supercycle rather than the typical four-year cycle. They predict that Bitcoin could reach its peak between mid-May and mid-June 2025. CMC analysts also note that memecoins and Ethereum are the most active sectors in the cryptocurrency industry, and Bitcoin remains the most popular cryptocurrency globally in Q3.
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