Bitcoin Bull Run Could Continue for 200 Days Before Potential US Recession

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‘s current market cycle suggests a potential peak in approximately 200 days, aligning with forecasts of a possible US recession by mid-2025. According to recent analysis from Copper.co, this convergence occurs as Bitcoin reaches day 554 of its current cycle.

Historically, Bitcoin’s market cycles average 756 days from the point when the annual average growth of its turns positive until it reaches a price peak. Copper.co estimates that the present cycle began around mid-2023, shortly before BlackRock filed for a Bitcoin exchange-traded fund. If this pattern holds, Bitcoin could peak around mid-2025, roughly 200 days from now.

Bitcoin cycle returns

Bitcoin cycle returns (Source: Copper.co)

Copper.co utilizes JPMorgan’s estimate of a 45% probability of a US recession in the second half of 2025 to illustrate the potential overlap between Bitcoin’s peak and economic downturn predictions. This intersection adds complexity to market expectations, potentially influencing portfolio strategies as investors navigate macroeconomic uncertainties.

Bitcoin’s realized volatility currently stands at 50%, reflecting the standard deviation of returns from the market’s mean return. Meanwhile, implied volatility, which measures market expectations for future volatility, recently reached its highest level of the year. This indicates ongoing market turbulence as 2025 approaches, with a potentially bullish undertone influencing trading behaviors.

Bitcoin’s Relative Strength Index (RSI) is currently at 60, significantly lower than previous highs. Copper.co’s report notes that by extending the RSI’s look-back period to four years—a timeframe that reduces short-term noise—the indicator shows substantial room for growth. This metric suggests that Bitcoin could build momentum into the new year, potentially reaching higher valuation levels.

Inactive Bitcoin supply, representing coins held without movement for extended periods, is increasing alongside record prices. This trend indicates that long-term holders are maintaining their positions, though vigilance is advised. If these investors begin to move their assets, it could signal shifts in market dynamics or profit-taking activities.

According to Copper.co’s analysis, these factors combine to paint a nuanced picture of Bitcoin’s trajectory. The interplay between market cycles, volatility measures, and macroeconomic forecasts highlights the importance of monitoring multiple indicators simultaneously.