Cryptocurrency analytics firm CryptoCon has made a bold prediction for Bitcoin, declaring November 28 as the start of a new bull market.
According to CryptoCon, this date holds historical significance as the anniversary of Bitcoin's first halving and serves as a crucial marker for Bitcoin's market cycles.
The company introduced its “November 28 Cycles Theory,” now renamed the “Half-Cycles Theory,” in January 2023. The theory suggests that Bitcoin’s price movements and market cycles are centered around this date, predicting bottoms, tops, and key transition phases with remarkable accuracy.
CryptoCon’s theory has been consistent with Bitcoin’s price performance so far. He correctly identified the market bottom at $15,500 in January 2023, predicting that 2023, the “Green Year,” would have the best buying opportunities and a climb to the median price of $34,500. Bitcoin met that target, confirming the first stage of the theory.
The theory for 2024, dubbed the “Blue Year,” had been that it would be steadily preparing for a new all-time high (ATH), with a significant advance expected towards the end of the year. According to CryptoCon, Bitcoin is already preparing to finish the year as expected, paving the way for what it calls the “Red Year.”
According to the analytics firm, the “Red Year” that will begin in 2025 is set to deliver Bitcoin’s long-awaited even higher ATHs. CryptoCon predicts that Bitcoin’s next cycle top will occur within a 21-day period starting on November 28, 2025, mirroring the timing of previous market tops and bottoms.
The theory suggests that Bitcoin’s 4-year cycle, which is often discussed in the crypto community, is not only alive but also gaining strength.
While some critics argue that Bitcoin’s 4-year cycle has become less important as the market matures, CryptoCon strongly disagrees. “A lot of people are waiting for the 4-year cycle to die, but this cycle is stronger than ever,” the firm said.
*This is not investment advice.
