In a recent analysis by analysts at Bitfinex, a cryptocurrency exchange, it is predicted that the current bull market cycle of Bitcoin may peak in the fourth quarter of 2024. The analysts stated that historical data suggests that Bitcoin typically reaches an all-time high (ATH) a few months after a halving event, hence predicting that the market top could occur around the fourth quarter of 2024. According to the Bitfinex analysts, based on on-chain indicators and historical patterns, it is estimated that Bitcoin will reach a peak of at least $120,000 in this current cycle.