Recent analyses suggest that the belief in Bitcoin 
$91,081 reaching its market cycle peak by the end of the year might be based on a misunderstanding of statistical principles. Analyst PlanC argued that expecting Bitcoin to reach a peak in the fourth quarter is as speculative as betting all your money on a coin flip landing heads consecutively for the fourth time. The analyst highlighted the fallacy of relying on patterns observed solely from previous Bitcoin halving cycles, which statistically provide limited insights.
Is Bitcoin’s Rise Delayed?
Recent discussions among experts have shown that the halving cycle might no longer hold significant relevance for Bitcoin. The increasing investments from Bitcoin treasury companies and U.S.-based spot Bitcoin ETFs, suggest a shift in market dynamics. PlanC states that there is no fundamental reason for a peak in 2025’s fourth quarter, except for psychological, self-fulfilling prophecies. According to CoinGlass, historically, the fourth quarter has been the best-performing period for Bitcoin, with an average return of 85.42% since 2013. Yet, some analysts indicate that if the halving cycle remains pertinent, Bitcoin may start a downtrend as early as October.
The community is divided on whether Bitcoin will peak by year-end, with different perspectives and analyses surfacing.
Will the Bull Market Extend to 2026?
Canary Capital CEO Steven McClurg suggested a probability of over 50% that Bitcoin might reach between $140,000 to $150,000 this year without entering another bear market. Meanwhile, other experts anticipate the bull market to continue until 2026, with Matt Hougan of Bitwise venturing on 2026 as a year of significant gains.
Furthermore, some analysts forecast Bitcoin reaching $250,000 before the close of the year. This sentiment was echoed by BitMEX co-founder Arthur Hayes and Joe Burnett of Unchained Market Research in April and May 2025, respectively.
PlanC emphasizes that predictions rooted in the “halving cycle” theory rely on just three data points from past cycles, making them statistically weak. Considering the unique and rapidly evolving nature of cryptocurrency markets, predictions based solely on historical data involve significant risks. The disparity among experts about year-end targets underscores this uncertainty. While some stick to traditional cycle theories, others believe new market entrants and products have permanently shifted market structures.
