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Leading crypto analysts Willy Woo revealed two peak points expected in Bitcoin (BTC) price.

Willy Woo drew attention of Bitcoin investors with his social media post dated March 19. Utilizing the Bitcoin Macro Index data, Woo stated that the chart already shows a rapid rise and said that it could see a peak until the middle of 2024.

However, he pointed out that the rise would not be limited to a peak in the middle of 2024 and emphasized that a similar drop to that of 2013 could be seen, followed by a rise for a second peak.

He noted that this second wave of rise could carry Bitcoin to a new peak in 2025:

Given the rising pace of the Bitcoin Macro Index, I wouldn’t be surprised if we peak by the middle of 2024. This also indicates a double rise cycle as in 2013… So we may see a second peak in 2025.

The Bitcoin Macro Index aims to provide information about the general outlook by converting many factors affecting Bitcoin’s value into a single graph. Despite the Bitcoin price reaching an all time high, the index is still at the levels of early 2022.

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