Cryptocurrency analyst Ali Martinez has published a number of new analyses, including the possible date of a new Bitcoin price high.
According to Ali Martinez, if the current Bitcoin cycle follows the last two cycles followed before, the BTC price could peak in about a year, namely in October 2025.
However, the analyst made an interesting prediction about where the peak could be. According to the analyst, if the Bitcoin Long-Term Power Law holds, the next market peak could be around $400,000.
The analyst added that he made a profit of $16 million as BTC miners sold during the recent price rally.
BTC price surpassed $64,000 for the first time in a long time today and is up 6.38% in the last 24 hours.
On the other hand, touching on the altcoin world, Martinez claimed that Telegram’s associated altcoin Toncoin could pose a risk of a sell-off due to privacy concerns. He also argued that the TON price could be following the path followed by Celestia (TIA).
*This is not investment advice.