Bitcoin could be entering one of its most crucial phases yet, according to cryptocurrency analyst Joao Wedson.
In a newly published report, he highlighted that the leading digital asset has not yet reached its cycle peak, pointing to technical data that has historically been reliable in identifying market tops.
At the heart of his analysis is the Max Intersect SMA Model, which Wedson describes as a tool that has successfully marked the end of every Bitcoin cycle to date. Based on the model’s current reading, Bitcoin sits at roughly $58,170. However, the key threshold to watch is $69,000, a level Wedson believes would serve as confirmation of the cycle’s all-time high.
The analyst stressed that this signal could emerge sooner than expected, possibly within the next several weeks. He also cautioned that volatility is likely to increase dramatically as the market moves closer to this stage, especially from September onward. For investors, this period could bring both opportunity and risk as rapid price swings become more frequent.
Wedson’s approach stands out because of his focus on precise timing rather than broad forecasts. While many market watchers issue long-term targets that stretch into the six-figure range, he argues that knowing when the top is reached is far more valuable. Wedson has openly stated his intention to liquidate all his Bitcoin holdings the moment the model flashes confirmation, signaling his strong conviction in the tool’s reliability.
The coming weeks, then, could prove decisive for Bitcoin. If the model is correct once again, traders may soon be facing a period of intense speculation and major market moves. Whether this cycle produces a new record or begins its descent will depend on how Bitcoin reacts around the $69,000 threshold.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-analyst-warns-cycle-peak-could-arrive-within-weeks/