Bitcoin’s Rollercoaster: Will It Soar or Crash? 🎢💰

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Ah, Bitcoin! The digital currency that has all the stability of a toddler on a sugar high. Just last week, it hit a staggering $112,000, and now, crypto analyst Cyclop—yes, that’s his name, and no, I’m not making this up—has decided to grace us with his predictions for the future. Spoiler alert: it involves a lot of ups and downs, much like my attempts at adulting.

Will Bitcoin Break Its All-Time Highs Again?

In a post on X (formerly known as Twitter, because apparently, rebranding is the new black), Cyclop predicts that Bitcoin will peak again between November and December 2025. That’s right, folks! Mark your calendars, set your alarms, and prepare for the inevitable disappointment that follows. He also thinks we’ll see an altcoin rally in the summer and fall of 2025. Because who doesn’t love a good rally? It’s like a parade, but with more confusion and fewer clowns.

Cyclop, in his infinite wisdom, points out that while everyone is buzzing with excitement, only a select few will actually make a profit. It’s like a lottery where the odds are stacked against you, but hey, at least you get to feel like a part of something big, right?

The Impact Of Halving Events

To shed some light on this chaotic circus, Cyclop references historical data, highlighting Bitcoin’s previous peaks: $1,242 in November 2013, $19,891 in December 2017, and $69,000 in November 2021. It’s like a twisted game of “How High Can You Go?” where the answer is always “not high enough.”

He notes that in both the 2017 and 2021 bull markets, peaks occurred exactly 29 months before Bitcoin’s Halving events. It’s almost as if the universe is trying to tell us something, but we’re too busy staring at our screens to listen.

And let’s not forget the bear markets! Cyclop analyzed the downturns in 2018 and 2022, which lasted a full year and saw retracements of 84% and 77%. It’s like watching your favorite TV show get canceled after a cliffhanger—devastating, yet somehow predictable.

Despite all the chaos, Cyclop assures us that Bitcoin has a history of breaking its all-time highs seven to eight months after halving events. So, if you’re holding onto your Bitcoin like it’s a life raft, you might just be in for a wild ride.

As of now, BTC is trading at $108,600, which is a modest 3% decline from its recent high. Year-to-date, it’s gained 56%, which is impressive until you realize that XRP has gained 337%. Talk about sibling rivalry!

Since Thursday’s peak, BTC has retraced to $106,700, but it’s trying to consolidate between $108,500 and $109,000. It’s like watching a toddler try to balance on a seesaw—adorable, yet nerve-wracking.

However, the $110,000 level might just be the new resistance wall, as traders are eyeing it like a hawk, ready to short the asset at the first sign of trouble. It’s a game of chicken, and we’re all just along for the ride.

So, what’s next for BTC? Who knows! This new stage of price discovery could bring volatility, and maybe, just maybe, allow altcoins to flourish. Or it could all come crashing down like my hopes of ever understanding cryptocurrency. Stay tuned!

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2025-05-28 16:18