crypto analyst Cryptorphic has predicted that bitcoin could rise bitcoin/bitcoin-100000-cardano-dead/#:~:text=Why%20Cardano%20Is%20Dead,non%2Dexistent%E2%80%9D%20on%20it.” rel=”nofollow noopener” target=”_blank”>as high as $156,000 in this market cycle. The analyst alluded historical trends to demonstrate why the flagship cryptocurrency could easily hit that price target.
bitcoin will reach $156,000 in May 2025
Cryptographic mentioned in an x (formerly twitter) x.com/Cryptorphic1/status/1795082214813884747″ rel=”nofollow” target=”_blank”>mail that “bitcoin could reach $156,000 by May 27, 2025!” To back up his prediction, he highlighted the price action of the flagship cryptocurrency after Previous Halvings and pointed out that there has never been a “red year” after these historical events. Instead, btc is known to have made significant price increases a year later each half.
bitcoin is said to have recorded an 8,296% price increase one year after the first halving in 2012, a 288% price increase one year after the second halving in 2016, and a 536% price increase one year after the third halving in 2020. In line with this, Cryptorphic predicts that btc will experience a 127% price gain this time, going from $65,415 (its price during the 2024 halving) up to $156,000 next year.
Cryptorphic's prediction aligns with other price predictions that have been made by different crypto analysts. This includes Skybridge Capital CEO Anthony Scaramucci. bitcoin/when-bitcoin-price-170000/#:~:text=In%20an%20interview%20with%20Scott,months%20after%20the%20Halving%20event.” rel=”nofollow noopener” target=”_blank”>prediction that btc will rise up to $170,000 18 months after the halving event. More recently, bitcoin/bitcoin-raises-bull-flag-formation-triggers-calls-for-100000/” rel=”nofollow noopener” target=”_blank”>crypto analyst Mikybull crypto mentioned between $138,000 and $150,000 as “optimal targets for bitcoin in this bull run.”
Meanwhile, bitcoin could even rise higher than Cryptorphic's price target of $156,000 as it is unlikely to be May 2025 when bitcoin price peaks. this lockdown. crypto Analyst Rekt Capital mentioned that bitcoin will peak in September or October next year if it can consolidate for much longer and resynchronize with previous halving cycles.
The pseudonymous cryptanalyst PlanB has bitcoin/bitcoin-100000-in-2024/#:~:text=bitcoin%20To%20%24100%2C000%20Is%20%E2%80%9CInevitable%E2%80%9D&text=He%20noted%20that%20the%20Bitcoin,average%20price%20level%20for%20Bitcoin.&text=However%2C%20he%20added%20that%20this,year%20but%20sometime%20in%202025.” rel=”nofollow noopener” target=”_blank”>foretold That $1 million could be the high for btc in this market cycle. He made this prediction while revealing that $500,000 is the average price level for btc in this bull run according to the bitcoin stock-to-flow (STF) indicator.
Meanwhile, bitcoin could be on track to hit $81,000
Cryptorfic has x.com/Cryptorphic1/status/1795608598405373970″ rel=”nofollow” target=”_blank”>foretold that bitcoin could rise to $81,000 very soon. He mentioned that the flagship cryptocurrency recently exited a symmetrical triangle, indicating potential bullish momentum. According to him, a bitcoin-seen-breaching-73000-as-bull-run-looms-analyst-says/” rel=”nofollow noopener” target=”_blank”>break above $73,000 could mean more gains for btc as it heads towards $81,000.
Meanwhile, he also presented a bearish narrative for btc, stating that a bitcoin/bitcoin-price-crash-10-69000/” rel=”nofollow noopener” target=”_blank”>price breakdown below $66,400 could cause the crypto token to retest the $62,433 level.
At the time of writing, bitcoin is trading at around $67,700, down more than 1% in the last 24 hours, according to bitcoin/” rel=”nofollow noopener” target=”_blank”>data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com