Vetle Lunde, senior analyst at investment company K33 Research, said that the Bitcoin rate could most likely reach a new historical maximum on January 17, 2025.
According to his data, the average duration between the first and last historical maximum of the Bitcoin price is 318 days. If the trend continues, then the Bitcoin price will show a new peak on January 17.
He noted that within the current bullish cycle, the Bitcoin market was able to update its historical maximum even before the halving, and at the moment, the price dynamics of the first cryptocurrency are closely related to the inflows into exchange-traded funds.
In addition, open interest in Bitcoin - derivatives also approached a historical maximum, and the driver of this process is the increased activity of traders and investors on the Chicago Mercantile Exchange, the expert noted.
In his opinion, the described trend serves as further evidence that Bitcoin is becoming an increasingly institutionalized asset and its liquidity , as well as value will continue to grow.
At the same time, the analyst did not name what the price of the first cryptocurrency would be on January 17, referring only to the fact that it would reach its maximum.
