Lark Davis argues that Bitcoin's price is far from reaching its peak and explains why the current cycle still has plenty of room to grow. Here's what he covered:
1. Bitcoin Still Has Momentum
Lark says Bitcoin hasn't hit the type of “euphoria” or excitement that typically happens at the top of a cycle. Historically, when Bitcoin has peaked, certain signs - like extreme price surges - were obvious. We aren’t seeing those yet.
2. Indicators Show We're Early
Bitcoin’s price movements have patterns in every cycle. Right now, those patterns suggest we’re still in the growth phase, not the final stages. He thinks this is good news, as it means there’s more upside left.
3. $200K or Higher is Possible
Lark explains that Bitcoin usually doesn’t stop at round numbers like $100,000. Based on past trends, he believes this cycle could reach anywhere between $200,000 and $250,000 before it peaks.
4. Timing the Top
He predicts the market might hit its peak sometime around March or April 2025, with a chance for another rally later in the year.
Takeaway
Bitcoin’s rise isn’t over. According to Lark, there’s still time for more growth, and the next few months could be very exciting.
