In a recent analysis by Bitfinex cryptocurrency exchange analysts, it is predicted that the current Bitcoin bull market cycle may reach its peak in the fourth quarter of 2024. The analyst stated that historical data indicates Bitcoin typically reaches an 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. Bitfinex analysts forecast that in this current cycle, based on on-chain indicators and historical patterns, Bitcoin is expected to peak at at least $120,000 within this cycle.