Bitfinex: Bitcoin bull market cycle may peak in the fourth quarter and reach $120,000

Odaily News Analysts at the cryptocurrency exchange Bitfinex predict that the current Bitcoin bull cycle may peak in the fourth quarter of 2024. Analysts said that historical data shows that Bitcoin usually reaches a new all-time high (ATH) a few months after the halving event, so the predicted market top may appear around the fourth quarter of 2024. Bitfinex analysts predict that in the current cycle, based on on-chain indicators and historical patterns, Bitcoin is expected to reach a peak of at least $120,000 in this cycle. (TheBlock)