Bitfinex Bitcoin Bull Market Cycle Expected to Peak in Q4 Reaching 120000 Summit

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