Bitcoin enters a new cycle, with stable development expected by the end of the year

According to sources from HashChain, Jurrien Timmer, Head of Global Macro at Fidelity, stated on X platform that the market has improved after excessive speculation in the crypto market has subsided. Against the backdrop of the Federal Reserve's loose policy and calm bond and foreign exchange markets, Bitcoin's trajectory until 2025 still looks promising. Previously, Bitcoin Treasury used stock issuance to purchase Bitcoin for "yield," which may now become a resistance to Bitcoin's rise and has also sparked questions about whether the new four-year cycle has already ended.
Meanwhile, observing the mature network curve structure of Bitcoin shows that since 2010, Bitcoin has experienced five bullish waves, each smaller in amplitude than the previous one, but lasting longer. From the recent bull market (which began around $16,000 in 2022), it can be seen that Bitcoin is now very mature. According to the five-wave upward trend chart shared by Jurrien Timmer, the peak price in the fifth wave could reach $151,360.