Recently, Bitcoin has once again attracted global attention, with its price once breaking through the historical high of $124,000. However, the subsequent drop below $109,000 has raised new doubts about its market trend.

In this context, some experts in the cryptocurrency field have offered interesting insights. They point out that the current bull market cycle has completed 93%, which began with the Bitcoin halving event in April 2024. According to their analysis, this bull market may peak between late October and mid-November 2025.

This prediction is not made out of thin air. It is based on in-depth research into the historical cycles and halving patterns of Bitcoin. Experts have found that the final price surge usually occurs within this time window. Interestingly, this period coincides with the seasonal trends when Bitcoin tends to perform stronger.

From a technical perspective, Bitcoin's various indicators remain healthy. Currently, its trading price is still above the key long-term moving averages. More importantly, on-chain data does not show any signs of an impending large-scale sell-off.

Although reports indicate that some ETFs have experienced short-term capital outflows, overall, the participation of institutional investors remains high. This suggests that despite the short-term fluctuations, long-term investors' confidence in Bitcoin has not been shaken.

It is worth noting that some analysts believe that Bitcoin is approaching its typical breakout point. They predict that within the next two months, we may witness a significant surge in the price of Bitcoin, which could mark the final climax of the current bull market cycle.

However, investors should remain cautious. The cryptocurrency market is known for its high volatility, and any predictions should be viewed as references rather than definitive guidance. In making investment decisions, in-depth research and risk assessment remain indispensable.