Golden Finance reports that anonymous crypto analyst CryptoCon points out that BTC reached peak levels in its cycle in 2016 and 2020, followed by months of consolidation before breaking out higher at the end of the year. Bitcoin's halving event, which automatically occurs every four years to reduce the issuance of new coins by 50%, is widely believed to impact bitcoin's supply, creating scarcity. This year, BTC reached a peak of $73,000 in March before pulling back about 33% to a low in early August. CryptoCon notes that it is nearing the end of a typical mid-cycle correction.

“Whether it's peak cycle predictions or recession prophecies, everyone has reason to fear the worst, yet meanwhile, the cycle continues as expected. All signs point to a true bull market in Bitcoin in 2025,” he added.