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When Will Bitcoin’s Price Reach its Top This Cycle? Analysts Give Key Insights
Bitcoin currently requires a significant rally to reach the same heights as previous cycles. The leading cryptocurrency would need to climb towards $140,000 for long-term holders to match their unrealized profits from previous peaks.
According to on-chain data shared by CryptoQuant, the average unrealized profit for long-term holders, based on the MVRV ratio, is around 220%. This figure is notable but lower than the 300% and 350% levels seen during the March and December 2024 market peaks. The realized price for long-term holders now stands at $39,000, indicating that significant gains are still present despite the decline in unrealized profits.
Moreover, the current profit levels are similar to those last seen during the October 2024 correction, further suggesting that while BTC remains strong, the market has yet to reach peak profit extremes. To match previous cycle tops, Bitcoin would need to climb towards $140,000, a level many are anticipating given its recent price action.
Meanwhile, crypto trader Daan Crypto Trades noted that Bitcoin has entered the third quarter of 2025, a period historically known for slow price action and lower volumes. Summer months typically bring reduced liquidity for both BTC and ETH, making Q3 the quietest quarter of the year. However, Daan pointed out that this slower period often sets the stage for new narratives to emerge, which could present new opportunities ahead for traders.
Additionally, Bitfinex experts emphasized that the bull run remains intact but expect a slower period in Q3.
It’s worth noting that Bitcoin’s Bull Score has entered neutral territory at 50. The metric gauges market conditions needed to continue a rally and requires a reading of 60 or higher for upward momentum to persist. As such, a reading below 40 would indicate a bearish environment.
Source: cryptopotato.com
