This is when the current Bull cycle could end according to CryptoQuant

According to a CryptoQuant analyst, the ongoing bull cycle may end sooner than many expected. Using Bitcoin (BTC) as a benchmark, the analyst highlighted that bullish trends will peak in the first quarter of 2025 or the second quarter at the latest.

The analyst also shed light on how the market price movement is likely to move in the coming months before the bull cycle peaks.

Bull cycle to end soon

The CryptoQuant analyst explained that the current bull cycle began in January 2023, a few weeks after the catastrophic FTX crash. At that time, BTC saw a significant price recovery below $20,000. Since then, the apex crypto asset has captured the attention of key players in the financial world, thanks to investment vehicles such as the Bitcoin Exchange Traded Fund (ETF).

With the bull cycle spanning about two years and the price of BTC experiencing a significant increase over the same duration, the analyst believes that “it is reasonable to expect that the market is now in the latter stages of this cycle.”

The analyst stated that the percentage of BTC traded in a month is 36%, significantly lower than peaks seen in past cycles. Therefore, this metric is expected to increase before the bull cycle ends, leading the crypto expert to project the first quarter or the second quarter of this year as the climax of the crypto market.

Like this analyst, many in the industry believe that crypto assets like Bitcoin will unlock meteoric growth this year. One of the factors fueling the bullish prediction is the upcoming inauguration of US President-elect Donald Trump to become the 47th president. Crypto enthusiasts are optimistic that his administration will introduce various activities to boost BTC adoption.

Analyst: Expect 2-4 peaks

From time to time, BTC soared to new prices in a single spike, accompanied by a rapid increase in trading activities. However, the CryptoQuant analyst stressed that this year’s surge will likely take a different approach.

“Rather than a single peak, this ratio is likely to increase sharply by 2-4 times, typically leading to significant overheating followed by a bearish cycle,” the analyst wrote.

As a result, the CryptoQuant analyst encouraged the crypto community to expect a significant near-term price increase for BTC and altcoins.

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