Matrixport: The price of Bitcoin usually rises around the Lunar New Year, and it is expected to reach its peak in the cycle around September 2025

Matrixport released a report stating that the price of Bitcoin usually rises around the Lunar New Year, and it is expected that Bitcoin will reach its cycle peak around September 2025, with the bull market possibly continuing for about another 18 months.

 

The specific content is as follows:

 

As early as 2023, our analysis showed that Bitcoin often rose during the Lunar New Year. Within 24 hours after we published this widely reported media report, Bitcoin indeed rose at the rate we predicted.

 

Statistics show that from shortly before the start of the Lunar New Year to about ten days after, trading in Bitcoin usually yields positive returns. In short term, bitcoin prices tend to rise as expected. For example, buying bitcoin three days before lunar new year and holding until ten days after lunar new year has yielded positive returns every year since 2015 with an average return rate of +11%.

 

Firstly, results are mixed when purchasing Bitcoins 72 days prior to halving.

 

Secondly, when buying bitcoins between 300 and 500 days before halving and holding an equal amount of bitcoins after halving,the return rate appears more reliable.

 

Thirdly if this is case,it should provide an upward time frame for this round of bull market at some point within top range period from day-300 (February16th ,2025)to day-500(September4th ,2025).This analysis provides us with potential top for this cycle

 

Although each cycle's timing is complex,it's estimated that top would be higher post-halving by day-500.Therefore Matrix on Target expects bitcoin might reach its cyclical peak around September in year-2025.This indicates fifth round of bitcoin bull market could continue approximately another eighteen months,and there's ample room to unfold and find sustainable development themes,pushing prices towards historical highs

 

While Matrix on Target holds constructive views on Bitcoin based on liquidity macro factors,and US presidential elections etc.,performance in year-2024 is just as we initially expected-January and February's trading environment still full of challenges.This requires investors to maintain a positive trading perspective and always grasp the dynamics of cryptocurrency market.