As the Bitcoin (BTC) price momentum begins to wane, the market\u2019s leading cryptocurrency has retraced to the $110,000 mark, raising concerns about a potential shift into a new bearish cycle.\u00a0<\/p>\n
CryptoBirb, a noted trader and analyst, suggested in a recent social media analysis <\/a>that Bitcoin has only about 60 days of growth left, indicating that it is currently 93% into its cycle, which has lasted 1,007 days.\u00a0<\/p>\n 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.<\/p>\n In examining historical cycles, CryptoBirb highlights significant patterns that may inform future price movements<\/a>. The analyst points out the duration of past cycles: from around 350 days in the early years to over 1,000 days in more recent cycles.\u00a0<\/p>\n Presently, Bitcoin\u2019s trajectory is\u00a0 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.<\/p>\n 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.\u00a0<\/p>\n This timeline reinforces the notion that the market is merely 60 days away from a potential peak, with historical cycles indicating that the next significant bear market <\/a>may not occur until 2026.<\/p>\n 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.\u00a0<\/p>\n August and September have historically been challenging months for Bitcoin, with average returns<\/a> dipping significantly. However, October and November are traditionally among the strongest months, aligning perfectly with the anticipated cycle peak.<\/p>\n From a technical standpoint, Bitcoin\u2019s 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.<\/p>\n The analyst advised monitoring these key price levels closely in the coming weeks, as movements below $110,000 could signal a bearish trend. BTC <\/a>is currently holding just above this support floor after increased volatility.<\/p>\nPotential Peak And Bear Market Timing<\/h2>\n
Bitcoin Support And Resistance Levels<\/h2>\n