Crypto analyst CryptoCon stated in a post that according to the halving cycle theory, Bitcoin (BTC) will reach the midpoint of its cycle in June 2024, with a projected price of $47,000. The next cycle's peak is expected to occur in December 2025, with price projections ranging from $90,000 to $130,000.
This model suggests that, just as in the previous white cycle, the current cycle has bottomed since its first peak in August. The black cycle has a double top, with the first peak occurring in April of the red year (blue dot). The white cycle has a single peak.
In the black cycle, it appears that the first early peak (yellow dot) is above the second peak (purple dot). In the white cycle, the situation is the opposite.
CryptoCon suggests that this means we are more likely to see the cycle's midpoint at $47,000 in June 2024, rather than earlier.