Some experts think Bitcoin might have already hit its highest point this time around, saying it could be around $70,000. But others argue it could go as high as $210,000 before the bull run ends.

Peter Brandt, a seasoned trader, suggests Bitcoin's price peaks follow an "exponential decay" pattern. He believes each cycle's peak is only about 20% of the previous one. Based on this, he predicts Bitcoin could top out at $70,000, a level it reached in March.

However, not everyone agrees with Brandt. Giovanni Santostasi, from Quantonomy, says there's not enough data to support Brandt's theory. Santostasi has his own model based on long-term trends, predicting a peak of $210,000 around December 2025.

Other analysts have their own predictions too. Some say Bitcoin could double in price by the next halving in 2028, reaching around $120,000. Another expert thinks it could hit $180,000.

Fidelity Digital Assets also revised its outlook for Bitcoin, saying it's no longer cheap. Currently, Bitcoin is trading at around $62,528, down 15% from its all-time high in March.

In conclusion, while some analysts believe Bitcoin's peak this cycle could be $70,000, others think it could reach as high as $210,000. There are various theories and predictions, but the future of Bitcoin's price remains uncertain.