A classic Bitcoin price technical indicator suggests BTC’s price will peak within six months, while more downside may be expected in the short term.
Bitcoin is down 3% in the past 24 hours and 8% over the last week. Still, market analysts say this drawdown is not uncommon for BTC in January. Thus, the bull market may resume, with Bitcoin’s price potentially peaking in mid-July 2025, based on a key technical indicator.
BTC/USD daily chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro and TradingView reveals that Bitcoin remains stuck in a four-week price consolidation range following its dramatic rise in 2024, culminating in a new all-time high of $108,268 on Dec. 17.
