Bitcoin’s Bullish Cycle Comes to an End
According to CryptoQuant CEO Ki Young Ju, Bitcoin’s latest bullish cycle has concluded, signaling a likely shift to bearish or sideways momentum for the next six to 12 months.
Profit and Loss (PnL) Index Cyclical Signals
- The PnL Index signals indicate a recent peak, aligning with historical patterns marking the end of growth phases.
- Bitcoin reached an all-time high of $109,300 during President Trump’s second inauguration on Jan. 20.
- The market may now be poised for correction or consolidation.
Historical Trends and Market Performance
Historical trends from prior Bitcoin cycles consistently show a pattern of price peaks followed by prolonged consolidation phases. Young Ju believes current signals closely mirror previous cycle tops, reinforcing expectations of muted performance in the near term.
Following Trump’s election victory in November 2024, Bitcoin surged rapidly. However, as optimism waned and market forces shifted, momentum gradually tapered, culminating in the current cycle peak.
Predictions and Timeline
- Data from the PnL Index chart suggest Bitcoin investors may encounter sustained price stagnation or declines through much of 2025.
- If Bitcoin follows past halving cycle timelines, the peak would be around September 2025.
- The market bottom could be around May 2027, based on historical data.
