The crypto market has reportedly entered the bull cycle’s later phase. As per a CryptoQuant analyst, crypto market is hitting the present bull cycle’s late stages, suggesting a cycle peak to occur in Q1 2025. The crypto analyst reflected on the current market conditions in an exclusive report.
Crypto Market Touches Later Part of Ongoing Bull Cycle, with Potential Peak in Q1 or Q2
The crypto analyst mentioned that the market’s entry into its bull cycle’s later stage points toward a likely approaching crucial moment. With a significant investment influx and funds inflows, a reasonable expectation is the start of the bull market’s final stages.
The crypto analyst asserted that the crypto market has been going through a pattern of interchanging cycles of decline and growth. However, the market has reportedly been maintaining a general upward trend in terms of prices. The Present market conditions also highlight the beginning of the final phase.
Interestingly, the percentage of $BTC tokens transacted for less than 30 days (in line with the realized market capitalization) has touched 36%. The respective figure is substantially lower in comparison with the former cycles. Even then, the long-term trend stays downward. This signifies that the market is potentially going to touch its cycle peak during this year’s 1st quarter.
Historical Market Trends Reveal Signs of Bear Cycle’s Start
However, if the respective anticipation does now materialize, the analyst has made another prediction. In this respect, the cycle peak may occur by the 2nd quarter of 2025. Nevertheless, instead of a single spike, the respective ratio has the potential to surge sharply by two to four times. Based on the historical market trends, with such a sheer rise in the respective ratio, markets enter an overheating state. This often signals the beginning of a bear cycle.
Irrespective of these indications, the crypto market retains a massive potential for profits. According to the CryptoQuant analyst, the ongoing bull cycle could reach its peak between 2025’s 1st and 2nd quarters. This would reportedly leave room for the altcoin and Bitcoin cycles to see further growth.
