Bitcoin (BTC) Price Predicted to Surpass $128,000 by 2025, Say Analysts
Summary:
According to multiple analytical models, the Bitcoin (BTC) price is expected to reach or exceed $128,000 by the end of 2025. Analysts, including CryptoCon, suggest a two-year target of approximately $130,000. Despite differing opinions on Bitcoin's price behavior following next year's block subsidy halving, the long-term forecast is looking bullishly positive. Rekt Capital, however, warns that there may be some new local lows before the full bull market effect is seen.
Multiple analytical models predict that Bitcoin (BTC) is set to reach or surpass $128,000 by the close of 2025. The new BTC price projections were shared by renowned trader and analyst CryptoCon on X, on Oct. 17, with a two-year target of roughly $130,000. Various BTC price anticipations are converging towards the $130,000 mark in 2025.
Divergences exist among Bitcoin market entrants on how BTC volatility will react to the block reward halving slated for next year, however, CryptoCon envisages a firmly bullish extended outlook. The specialist underlined, in a revision of diverse models outlining Bitcoin price trends and pinnacle and troughs, that the $130,000 vicinity was fast turning into a pull.
"I have been undertaking a wide range of Bitcoin cycle peak trials of late and consistently find the price hovering around the 130k mark," he encapsulated. An accompanying graph spotlighted so-called "premature" peaks in each price cycle, followed by the actual cycle peak, signifying a fresh all-time high.
These early peaks typically transpire three weeks before or after July 9, explained CryptoCon. The new all-time highs present themselves three weeks on either side of Nov. 28, already a well-recognized occurrence that Cointelegraph curated last month. The dates for these incidents are achieved through drawing basic diagonal trendlines from the inaugural early peak.
"This process precisely determined the price at the end of the last two cycle peaks, and drawing from the last cycle, predicts a price of around 138k this time around," continued the X post. "While I am prepared for declining prices, the indications are all pointing to 130k for Bitcoin in this cycle!"
As per model timing, 2025 should witness the imminent cycle peak, nearly doubling the existing record established in 2021. "History leans towards the bears."
Quadrennial halving periods act as a roadmap for many renowned Bitcoin market observers. Among this group is reputed trader and analyst Rekt Capital, who continues to underscore that the pre-halving year 2023 may usher in some fresh local bottoms prior to the full onset of the bull market.
Earlier, he cautioned that the $32,000 ceilings seen this year might culminate in a double top configuration, thereby stoking a prolonged BTC price drop ahead. "At this equivalent stage in the cycle (~180 days prior to the Halving)… BTC plunged by -25% in 2015/2016 and -38% in 2019," one of his most recent X posts elucidates.
"The key question remains: will history replicate itself? Or will 2023 bring about an entirely new outcome? I'm a Macro Bull but history is inclined towards the Bears." Rekt Capital further stated that any new lows "should be seized as a chance for re-accumulation."
This article doesn't offer investment advice or suggestions. Every investment and trading maneuver involves risk and individuals should carry out their own exploration before making a decision.
Published At
10/17/2023 3:20:00 PM
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