According to the "Bitfinex Alpha" report, Bitcoin (BTC) has the potential to reach a peak price of $290,000 in early 2026, if it follows the price patterns of the 2017 bull run. The report highlights the importance of historical price patterns, institutional adoption, and key technical indicators in making this projection. The current bull cycle began in 2023 and has been supported by factors such as the anticipation of Bitcoin's halving event in 2024 and the introduction of spot Bitcoin ETFs in the US. Institutional interest has led to more contained market corrections and increased stability. The Pi Cycle Top Indicator, which tracks moving averages, predicts that the peak could occur by June 2025 or January 2026. However, the report suggests that Bitcoin's returns have become more conservative as it matures, with potential peaks ranging from $160,000 to $290,000. The report emphasizes that various factors, such as market maturity, ETF adoption, and macroeconomic conditions, will influence the path to these price levels.



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