Comment on Bitcoin's price may peak mid-January, research firm says

Bitcoin's price may peak mid-January, research firm says

Chesnot/Getty ImagesBitcoin could reach a cycle peak in January, K33 calculated.The prediction is based on historical data showing a 318-day cycle for crypto prices.K33 sees the next peak as "a natural area to reduce risk and realize profits for the short term."If history is any indication, bitcoin could hit a new peak in a matter of weeks, which could present an opportunity to lock in gains.According to a research firm K33, the flagship token is set to reach an all-time high in mid-January, just in time for the inauguration of Donald Trump.In a recent post on its website, K33 outlined that, on average, there are 318 days between the first peak in a crypto cycle and its last.

 

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