Golden Finance reported that CryptoQuant analyst Crypto Dan stated in an article on January 6 that the bull market that began in January 2023 is likely to reach a cyclical peak in the first quarter of 2025 or the second quarter at the latest. "With an influx of new investment and additional capital from existing investors, it is reasonable to expect that the market is now in the later stages of this cycle," the article said. The post said: “Therefore, expectations for a significant rise in Bitcoin and altcoins are still worth looking forward to. Nonetheless, from a conservative perspective and with risk management in mind, caution is advised.”