In a recent analysis from Bitfinex, a cryptocurrency exchange, analysts predict that the current bull market cycle for Bitcoin may peak in the fourth quarter of 2024. The analyst stated that historical data suggests Bitcoin typically reaches its all-time high (ATH) a few months after a halving event, thus predicting the market top to potentially occur around the fourth quarter of 2024. According to the Bitfinex analyst, based on on-chain indicators and historical patterns, Bitcoin is expected to reach a peak of at least $120,000 within this current cycle.