According to CryptoQuant CEO Ki Young Ju, Bitcoin’s recent bullish cycle appears to have ended, suggesting a potential move towards bearish or sideways trends for the next six to 12 months. The Profit and Loss (PnL) Index Cyclical Signals show a recent peak, consistent with historical patterns that typically mark the conclusion of growth phases. Bitcoin, which hit an all-time high of $109,300 during President Trump’s second inauguration on January 20, may now be set for correction or consolidation.
Historical trends from previous Bitcoin cycles regularly exhibit a pattern of price peaks followed by extended consolidation phases. Young Ju believes the current signals closely resemble previous cycle tops, supporting expectations of subdued performance in the near future. After Trump’s election victory in November 2024, Bitcoin experienced a rapid surge. However, as optimism faded and market dynamics shifted, momentum gradually decreased, leading to the current cycle peak.
Data from the PnL Index chart indicates that Bitcoin investors could face sustained price stagnation or declines throughout much of 2025. However, if Bitcoin follows past halving cycle timelines, the peak might occur around September 2025. Historically, Bitcoin has taken about 500 to 550 days to reach the cycle top from the last halving and 780 to 990 days to reach the cycle bottom, advancing by approximately 100 days each cycle. This would suggest a market bottom around May 2027.
[Twitter post with additional insights would be here.]
