Bitcoin has surged 700% from a low of $15,500 in November 2022 to approximately $124,500 now, suggesting a potential market peak within 2-3 months based on historical trends. Current on-chain metrics indicate that Bitcoin has been in a profit supply phase for over 273 days, marking the second longest such period following previous market cycles. Analysts are observing key resistance at the $114,000 level, with a potential drop to the $90,000-$100,000 range if critical support at $110,000 is breached. Market sentiment has reflected strong profit-taking behavior among long-term holders (LTHs), aligning with previous cycle peaks. Experts, including Rekt Capital, predict that Bitcoin’s peak may occur between mid-September and mid-October 2025. Overall, while Bitcoin has exhibited bullish momentum, signals suggest it may be transitioning to a late cycle phase, raising caution around forthcoming price movements.

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