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Bitcoin Will Likely Reach “Market Top” In October 2025, Analyst Speculates

The analyst explains why the crypto market is still in the early stage of the current bull cycle.

Avatar image of Faith Faith•August 19, 2024
bitcoin ETF

Renowned analyst Ali Martinez has shared his optimistic outlook for Bitcoin, stating that, based on its historical halving performance, the crypto asset may reach a market top in October 2025. 

The speculation comes as the largest cryptocurrency by market cap has significantly dropped from its peak price above $73,700 to $58,400, a 2.95% decrease over the past 24 hours.

Bitcoin to Hit a “Market Top”

The market analyst capitalizes on data from the last two cycles, which shows that Bitcoin attained new heights around 530 days post-halving. Hence, he speculates that the asset will likely follow a similar pattern this cycle. 

The Bitcoin halving event is a quadrennial occurrence where the number of mined BTC per block reduces by half. This deflationary mechanism helps to bolster scarcity and demand for BTC. Historically, this event positively impacted the asset’s market price, although it took some months.

For instance, the 2020 halving took BTC from $8,990 to $56,670 several months later.

As such, the analyst believes that the market is still early in the bull market. He mentioned that it has been 119 days since the halving event, which took place in April, suggesting that the crypto asset still has enough time to attain new heights. If his hypothesis proves true, it means BTC will reach its highest price level in early October 2025 before the price gradually starts declining. 

Other Post-Halving Bitcoin Predictions

Interestingly, Martinez’s prediction adds to the heap of other bold bitcoin forecasts since the halving event. In a previous report by CoinTab, Binance’s CEO Richard Teng predicted that BTC would see a significant surge six to twelve months after halving. 

Also, renowned American trader Peter Brandt predicted that bitcoin would soar to a new all-time high  between $130,000 and $150,000 in 15 months. 

Faith

Faith is a dedicated content writer who is focused on expanding her interest and knowledge about cryptocurrencies and blockchain technology. In her free time, she enjoys listening to music, reading, and traveling.