According to the “November 28th Cycles Theory” proposed by popular analyst CryptoCon, the Bitcoin (BTC) price is expected to reach its all-time high (ATH) in 2025. The theory suggests that BTC experiences a “mid cycle lull” before starting a bull run in late 2024.
CryptoCon believes that the behavior of BTC/USD can be accurately predicted by using 4-year time cycles centered around the date of the first halving, which falls on November 28th.
The last bull run launch occurred in 2020, resulting in BTC breaking its previous ATH and reaching its current record of $69,000. The next significant point is projected to be November 2024, after which BTC price action will enter the mid-cycle lull phase.
However, opinions differ on BTC price action leading up to the 2024 block subsidy halving, with some expecting modest gains. CryptoCon describes the BTC price behavior in 2023 as a “bull market fakeout.” As of September 8th, BTC/USD is trading at $26,200.
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