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Interesting what Adam Back has recently said about Bitcoin's bullish cycle predictions. The CEO of Blockstream emphasized that the current cycle started in April 2024 and could end around March 2028 if we follow historical patterns.
Looking back, the previous cycle began in May 2020 and reached $73,700 in March 2024. According to Adam Back, the peak of this cycle could occur in the last quarter of 2027 or early 2028, although some still argue that the true peak was in November 2021 around $69,000.
What strikes me is what Back added: he doesn't see the bull market ending in November 2025, just three months after it began. This means we still expect temporary corrections but, most importantly, new all-time highs in the short term.
Currently, Bitcoin is trading around $79,750, with an all-time high of $126,080. Volatility remains high, but Adam Back's predictions suggest we are still in the early phase of a longer cycle than many think.
Of course, these are just observations based on historical data, not investment advice. But it's interesting to see how experts like Adam Back interpret these cycles and what they tell us about the market's upcoming years.