Bitcoin’s remarkable ascent might be nearing its conclusion, with historical trends indicating a peak could occur within the next 40 days.
Currently trading around $114,900, analysts are speculating whether Bitcoin can achieve a final surge towards the $160,000 to $180,000 range before this bullish phase concludes.
Patterns from previous cycles suggest that between October 20 and November 5 could witness Bitcoin’s most significant rally yet.
The unprecedented rise of Bitcoin may be approaching its last chapter. After an impressive run lasting over 1,000 days, experts now estimate that this current bull market has approximately 40 days remaining.
The critical question remains: is there still potential for Bitcoin to make one last leap toward or beyond the $160k mark before this upward trend wraps up?
The Countdown to Bull Run’s Conclusion
Historically, Bitcoin’s price movements tend to follow a similar trajectory post-halving events. In previous years—2013, 2017, and again in 2021—the market peaked roughly between 500 and 550 days after each halving. Presently we find ourselves at day number 514 since the latest halving in April of this year; thus we have entered what can be described as the “peak zone.”
If history serves as any guidepost here, we may anticipate a final push occurring in late October through early November.
This year has seen September—a month typically weak for Bitcoin—perform surprisingly well instead; it seems momentum continues to favor BTC at present.
However, with only about one to two months left in this cycle (34-66 days), traders should brace themselves for significant price fluctuations as we approach what could very well be the concluding phase of this bull run.
The Importance of This Final Surge
On-chain metrics indicate that there is still room for growth without overheating. Indicators such as NUPL (Net Unrealized Profit/Loss) and MVRV (Market Value/Realized Value) reveal we’re still experiencing optimism rather than full-blown euphoria among investors. Institutional investments also play a crucial role here.
Additonally noteworthy is that spot Bitcoin ETFs currently manage assets exceeding $165 billion—with BlackRock leading these efforts—providing unprecedented financial backing compared to prior cycles.
Predicting How High Bitcoin Might Climb
Diving into past patterns alongside existing data points leads CryptoBIRB to propose two potential outcomes. A more conservative target places BTC between $160k-$180k during its peak period while an optimistic scenario envisions prices soaring above $200k if momentum intensifies significantly during these closing weeks of trading activity. The most likely timeframe for reaching such heights appears set between October 20th and November 5th—a brief but impactful window where timing aligns perfectly with historical precedents!