Will Bitcoin surge in January? Historical patterns point to possible peak next month

Bitcoin Bitcoin/USD A record high is expected to hit in mid-January, according to forecasts from research firm K33. This expected peak coincides with Donald Trump. K33’s analysis is based on historical patterns, suggesting that the final peak of the cryptocurrency cycle may occur on January 17.

what happened: In a recent report, K33 cited the incoming administration’s favorable stance on cryptocurrencies as a key factor driving Bitcoin’s recent surge to the six-digit mark. The rally was fueled by promises from Washington to provide a more supportive regulatory environment. However, K33’s research director, Vettel Lundwarned that market expectations for the pace of policy changes may be too optimistic.

K33 said the mid-January high may be an ideal time for investors to reduce risks and make profits in the short term. The company used two methods to predict the price of Bitcoin, estimating that its price could reach $146,000 based on past cycle peaks and $212,500 taking into account market capitalization growth.

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at the same time, Adrian ZdunchikMarket technicians warn of a possible correction between late January and February, with losses ranging from 15% to 30%. study alone CC data A peak is also shown to occur next year, albeit on a different timeline, following Bitcoin’s last halving event in April.

why it’s important: The prediction of Bitcoin peaking comes against the backdrop of volatile market conditions. Recently, Bitcoin briefly fell below $93,000 as the “Santa Claus Rally” lost momentum, but quickly rebounded to $93,600 as traders seized the opportunity to buy on dips. This volatility highlights the unpredictability of the cryptocurrency market.

In addition, famous figures such as Bill Gates Skepticism towards Bitcoin, questioning its productivity as an asset class. In contrast, Anthony Pompliano Comparing owning Bitcoin to holding digital real estate emphasizes its strategic importance in the global digital economy.

Price Action: As of this writing, BTC is trading at $93,455.35 at 2:48 a.m. ET, according to Benzinga Pro.

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Disclaimer: This content was produced in part with help from Benzinga Neuro, and is reviewed and published by Benzinga editors.

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