Bitcoin Price In The Final Stage Of Bull Cycle – When Is The Peak?

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Ah, Bitcoin. The poor soul of the digital asset world. In the last week, it’s been trudging through the muddy waters of October, carrying the weight of pessimism on its fragile blockchain shoulders. Despite the US Federal Reserve’s friendly rate cut on October 29, Bitcoin still couldn’t stay above the all-important $110,000 mark. A truly tragic saga for the once-mighty king of crypto.

The response of Bitcoin-along with its big-cap cousins-is enough to make one question the very essence of crypto. Is it a bubble, or just a really bad dream? Some are worried that the crypto market is going the way of all things that eventually burst. However, in a remarkable display of unwavering optimism, one CEO from a prominent blockchain company has come out to declare that, while the bull cycle might be nearing its end, the pinnacle of Bitcoin’s glory could be just around the corner-perhaps only days away from hitting a new all-time high. Who’s ready for the next rollercoaster ride?

BTC Could Peak Between $143,000 – $146,000: CEO

In a stunning post from October 31, Joao Wedson, CEO and founder of Alphractal, made the bold claim that Bitcoin might just hit a new high in the short term. The digital oracle put the target range for the potential peak at an impressive $143,000 to $146,000. Such optimism could either be genius or delusion, but who are we to question?

This prediction is rooted in the mystical powers of the Max Intersect SMA Model (look at that blue line!). According to Wedson, this model has shown an uncanny ability to pinpoint Bitcoin’s previous price peaks. And now, as we march into the distribution phase of this current cycle, he believes the time is nigh for a new all-time high.

Apparently, the Bitcoin Smart Model price (again, the blue line) just jumped from a humble $60,000 to $62,664. If this Smart Model hits $68,000, Wedson claims it could mark the exact day Bitcoin hits its glorious new all-time high. The tension is palpable. The drama builds. Who needs Netflix when we’ve got crypto?

But wait, there’s more. Wedson has also pointed out the current market’s jittery sideways movements. Investors, apparently gripped by fear and excitement in equal measure, are caught in a tug-of-war, desperately seeking liquidity. “Many are holding their breath, thinking we’ll shoot straight to $250K,” says Wedson. Historically, however, that’s a signature sign of the distribution phase. Oh, the irony.

And for the grand finale: Wedson warns, with a somber tone, that the dreaded bear market could be closer than we think. So, if you’re holding onto Bitcoin like it’s your life savings, you might want to brace yourself. Be cautious, my friends.

Bitcoin Price At A Glance

As of this tragic moment in time, Bitcoin stands at a modest $110,120-up a paltry 0.1% in the past 24 hours. Not much to write home about. Sure, there’s a slight recovery, but it’s not nearly enough to make up for the losses of the past week. According to CoinGecko, the king of crypto has lost over 1% in the last seven days. So, prepare for a bumpy ride ahead.

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2025-11-02 05:44