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According to analysts from Bitfinex, the current bull market for Bitcoin is expected to reach its peak in the fourth quarter of 2024.

They based this prediction on the historical trend of Bitcoin reaching its all-time high several months after its halving event.

The analysts also noted that the market value to realized value (MVRV) ratio, a key metric for measuring unrealized profit, is currently at 2.56, indicating further room for growth before reaching a peak.

Historically, the MVRV ratio reaching 3.2 has signaled the market top for Bitcoin.

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