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Bitcoin’s price action over the past 24 hours has been characterized by a decline from $108,850 to $105,000. After tapping an all-time high above $111,000 last week, the cryptocurrency has entered what could be termed as a cooling-off phase. Given the pullback since then, crypto traders are split between a breakout continuation or an early top forming.
However, for analyst Leshka.eth, there’s little ambiguity. The bull market, according to the analyst, is far from over. However, its conclusion is expected sometime around August 2025.
August 2025 Is This Cycle’s Target
According to fundamental and technical analysis of Bitcoin’s price action by Leshka.eth on social media platform X, August 2025 is the ideal window for the current bull cycle’s peak. Referencing the popular Wall Street Cheat Sheet on market psychology, the analyst mapped out the current market phase as comparable to the mid-optimism or belief stage.
If this cycle mirrors those of 2017 and 2021, the months ahead could usher in full-blown waves of belief, thrill, and euphoria that would send the Bitcoin price peaking sometime in July 2025, according to the analyst. This will be accompanied by unsustainable meme coin rallies in June and July, NFTs making a comeback, and Layer-2 protocols breaking into price discovery.
Source: Leshka.eth on X
These events will coincide with a massive influx of retail investors, who are usually the last to enter before a crash. During this predicted crash, Leshka.eth noted that 95% of tokens will drop 90% to 99%. Keeping this trend in mind, the analyst pointed out that the plan to sell in August 2025 is based not on emotion but experience, having successfully exited the market early in 2021 before the downturn. The analyst now believes they can time this cycle’s top with even more precision.
Indicators Will Flash Warnings Before The Bitcoin Crash
Leshka’s conviction also rests on a data-driven approach to identifying price peaks. Specifically, the analyst noted three key on-chain metrics: MVRV (Market Value to Realized Value), NUPL (Net Unrealized Profit/Loss), and SOPR (Spent Output Profit Ratio). Each of these indicators exhibited clear signs of overheating well before the dramatic downturns of April 2021 and December 2017. Notably, the warnings came weeks in advance, not just days.
However, traders don’t need to time the exact top with these indicators. Instead, exiting while the crowd is still engaged in the rally offers the best chance of making the most gains. The moment these metrics turn red, the analyst will begin offloading all their holdings.
At the moment, the bull run is still ongoing, but it won’t last forever. Based on the analyst’s projections, the timeline is clear. A Bitcoin price peak in July, a complacency period in August, which would be the best time to exit, and a final crash between September and November.
At the time of writing, Bitcoin is trading at $105,700, down by 2.1% in the past 24 hours.
BTC trading at $105,318 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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