As the Bitcoin (BTC) price momentum begins to wane, the market’s leading cryptocurrency has retraced to the $110,000 mark, raising concerns about a potential shift into a new bearish cycle.
This analysis aligns with the ongoing Cycle Peak Countdown indicator, hinting at a critical juncture for the leading cryptocurrency as it approaches the conclusion of its current bullish phase.
Presently, Bitcoin’s trajectory is reportedly tracking toward approximately 1,060 to 1,100 days, placing it in the final 5-8% of this current bullish cycle, holding significant implications for the broader digital asset market as well.
The Bitcoin Halving which took place last April is also a pivotal factor. Historical data reveals that previous Halvings have led to peaks in price approximately 492 days later, suggesting a target window between October 19 and November 20, 2025.
CryptoBirb also outlines the patterns observed during past bear markets, noting that they typically last between 364 and 411 days, with average losses around 66%. If such a scenario plays out, the next bearish phase could see BTC retracing toward $37,000 once again.
From a technical standpoint, Bitcoin’s current price sits just above key support levels, with the weekly chart indicating a mean-based support of $97,094 and a critical resistance level at $117,058.
To conclude, CryptoBirb notes that while the current sentiment may be mixed, the convergence of cycle mathematics, Halving events, and historical seasonality suggests that the market could be gearing up for a significant finale in the fourth quarter.
Featured image from DALL-E, chart from TradingView.com
