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CryptoPotato
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Analyst Predicts End of Bitcoin Bull Run in Two Weeks: Take Profits Now
Bitcoin has hit a new all-time high of nearly $126,000, but market analyst Gigi Sulivan predicts that the current bull cycle will end around October 20. This forecast, based on Bitcoin's cyclical nature, suggests investors have a limited time to secure profits before a potential downturn. Despite recent momentum, the expected peak of $150,000 to $200,000 seems less likely due to the limited time remaining.
Supporting this view, on-chain data shows a significant withdrawal of $4 billion in stablecoins from exchanges since September 22, indicating many people are taking profits. However, other reports suggest higher peaks are possible, with The DeFi Report analysts predicting a price between $160,000 and $170,000 by the end of 2025. Currently, Bitcoin is trading at $123,648, nearly double its price from the same time last year.
Bitcoin has hit a new all-time high of nearly $126,000, but market analyst Gigi Sulivan predicts that the current bull cycle will end around October 20. This forecast, based on Bitcoin's cyclical nature, suggests investors have a limited time to secure profits before a potential downturn. Despite recent momentum, the expected peak of $150,000 to $200,000 seems less likely due to the limited time remaining.
Supporting this view, on-chain data shows a significant withdrawal of $4 billion in stablecoins from exchanges since September 22, indicating many people are taking profits. However, other reports suggest higher peaks are possible, with The DeFi Report analysts predicting a price between $160,000 and $170,000 by the end of 2025. Currently, Bitcoin is trading at $123,648, nearly double its price from the same time last year.
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