Bitcoin’s bull run could finish inside 10 days, warns veteran dealer CryptoBirb citing cycle knowledge.
CryptoBirb’s mannequin predicts October 24 as Bitcoin’s subsequent main cycle peak approaching quick.
Worry & Greed Index drops sharply, signaling emotional reset earlier than Bitcoin’s potential remaining rally.
Bitcoin merchants are on edge because the market nears what might be the ultimate stage of this bull run. Veteran dealer CryptoBirb warns that the present Bitcoin rally is 99.3% full, leaving simply 10 days earlier than a potential cycle peak.
This era might determine whether or not Bitcoin makes one final huge surge or crashes into a brand new bear market
Bitcoin Bull Run Nears Its Cycle Finish
CryptoBirb explains that it’s been 1,058 days since Bitcoin hit its final huge backside, which suggests this bull run is nearly on the finish of its typical cycle. His mannequin, referred to as the “Cycle Peak Countdown,” factors to October 24 because the potential date for the following huge peak.
In previous cycles, Bitcoin normally peaks between 518 and 580 days after a halving. Proper now, we’re at day 543, which places us proper in the midst of that peak zone.
“We’re not simply getting near the highest,” says Birb, “we’re already inside the identical window the place each main Bitcoin peak has occurred earlier than.”
Nonetheless, the current value drop of Bitcoin from its ATH of $126,300 to $102,560 is seen as an indication of a wholesome correction that always occurs to take away weak holders earlier than the large rally.
Technical Indicators Present Pre-Peak Reset
Technical indicators help this view, the Worry & Greed Index has fallen from 71 to 38, and RSI has cooled to 45. These indicators counsel that feelings are resetting, making a basis for a potential remaining rally.
On-chain metrics additionally present some cooling, NUPL dropped to 0.522, and MVRV fell to 2.15, reflecting current profit-taking.
In the meantime, institutional habits can also be noteworthy. Bitcoin ETF inflows shifted from +$627 million to -$326.4 million, and Ethereum ETFs noticed $428.5 million outflow. Consultants interpret this as good cash taking income earlier than retail FOMO drives the final leg of the rally.
24 Oct – Make-or-Break Second
Traditionally, the October 20–November 5 window marks the height zone for Bitcoin cycles. With key dates like October twenty fourth approaching, merchants ought to count on heightened volatility and potential explosive strikes.
As of now, BTC is buying and selling round $112,281, reflecting a drop of three% seen within the final 24 hours.
