Bitcoin News Today: Bitcoin Bull Run Projected to Peak in 60 Days Amid 10% Pullback

Bitcoin's price has pulled back 10% from its all-time high of around $124,000, sparking renewed questions about the durability of the current bull market. According to analysis by Crypto Birb, a prominent market analyst on X with over 700,000 followers, the bull run may still have approximately 60 days left before reaching a cycle high [1]. Birb bases this conclusion on historical patterns, cycle math, and the impact of the most recent Bitcoin halving event.

Historically, Bitcoin’s bull cycles have ranged from 350 to 1,068 days. The current cycle has already lasted 1,007 days, placing it in the final 5% to 8% of the bull phase [1]. Additionally, the 2024 halving event, which typically precedes a price peak by roughly 500 days, aligns with a projected peak between October 19 and November 20, 2025 [1]. This estimate is further supported by seasonal patterns, as October and November have historically been stronger months for Bitcoin compared to August and September [1].

Technical indicators suggest that Bitcoin is currently holding above $110,000, with strong support at $97,000 [1]. Short-term demand is concentrated between $110,200 and $112,000, while resistance is expected between $116,600 and $118,400 [1]. On-chain metrics remain positive, with mining costs at $97,000 and profitability still strong. Indicators such as NUPL and MVRV show no signs of market stress or capitulation [1].

While Bitcoin ETF flows have shown mixed signals, with a net outflow of $194 million recorded on August 21, institutional investment remains strong, with total assets under management at $160.4 billion [1]. Despite short-term volatility, the convergence of cycle timing, halving patterns, and seasonality suggests a significant price move could still occur in Q4 [1].

Birb emphasizes that historical bear markets typically follow a bull peak by 370 to 410 days, with price declines of over 60% [1]. If this pattern holds, a bear market may begin in 2026. Traders are advised to remain cautious as the market approaches the projected peak in late 2025 [1].

According to this analysis, while Bitcoin has experienced a pullback, the broader market remains in a bull phase based on technical and on-chain metrics [1]. If Birb’s projections are accurate, the most significant price movement could still be ahead, with a peak expected within two months [1].

Source: [1] These Bitcoin (BTC) Metrics Suggest the Bull Run Could Be Over in 60 Days (https://captainaltcoin.com/these-bitcoin-btc-metrics-suggest-the-bull-run-could-be-over-in-60-days/)