Analyst: BTC is nearing the end of a typical mid-term correction in the cycle.

According to CoinDesk, anonymous encryption analyst CryptoCon pointed out that BTC reached the peak of the cycle in 2016 and 2020, and then experienced several months of sideways consolidation before finally breaking through to the upside at the end of the year.
The Halving event of BTC occurs automatically every four years, reducing the issuance of new Tokens by 50%. This is widely believed to affect the supply of BTC and create scarcity.
This year, BTC reached a peak of $73,000 in March, and then fell by about 33% to reach a low point in early August. CryptoCon pointed out that it is approaching the end of a typical mid-term adjustment cycle.
"Whether it's predicting cycle peaks or forecasting economic downturns, everyone has reason to fear the worst," he said. "At the same time, the cycle continues as expected."
"All signs point to the true Bull Market of Bitcoin in 2025," he added.