bitcoin (btc) is set to reach $128,000 or more by the end of 2025, multiple analytical models suggest.
Uploading his latest btc price estimates to X (formerly Twitter) on October 17, popular trader and analyst CryptoCon deduced a two-year target of around $130,000.
Multiple btc price forecasts converge on $130,000 in 2025
bitcoin market participants are diverging on how btc price action will respond to next year’s block subsidy halving, but for CryptoCon, the long-term roadmap looks firmly bullish.
In an update to several models charting bitcoin‘s price cycles and its highs and lows, the analyst reiterated that the area around $130,000 was quickly becoming a magnet.
“I’ve been doing a lot of experimenting with bitcoin cycle highs lately, and I’m still seeing about the same price… 130k,” he said. summarized.
An accompanying chart highlights the so-called “early” highs in each price cycle, along with the actual cycle high that constitutes a new all-time high.
The first spikes, on average, occur three weeks on either side of July 9, CryptoCon explained. The new all-time highs come three weeks after November 28, an already popular phenomenon that Cointelegraph reported on last month.
The timing of these events comes from drawing simple diagonal trend lines from the first initial high.
“By doing this, the price of the last two cycles was found exactly and with our trend from the last cycle, it gives us a price of about 138k,” the X post continued.
“I’m prepared for lower prices, but the stars are aligning at 130k for bitcoin this cycle!”
According to the model’s calendar, 2025 should be the year in which the cycle’s next peak occurs, just under double the current record set in 2021.
“History favors the bears”
Meanwhile, four-year halving cycles provide a guide for many well-known bitcoin market commentators.
Related: Mining btc is harder than ever: 5 things you should know about bitcoin this week
Among them is popular trader and analyst Rekt Capital, who continues to emphasize that the year before the halving, 2023, could bring new local lows before the bull market reaches full force.
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5 Phases of the bitcoin Halving
1. Pre-halving period
If a deeper pullback is to occur, it will likely be over the next 140 days or so (orange)
In fact, $btc it fell -24% in 2015 and -38% in 2019 at this same point in the cycle (that is, ~200 days before Halving)… pic.twitter.com/r1dAWBJXyw
-Rekt Capital (@rektcapital) October 6, 2023
Previously, he warned that the highs of $32,000 seen earlier this year could end up printing a double top structure, which would help fuel a prolonged btc price decline going forward.
“At this same point in the cycle (~180 days before Halving)… btc fell -25% in 2015/2016 and -38% in 2019″, one of his latest posts on X. read.
“The only question is: does history repeat itself? Or does 2023 bring about something completely different? “I’m a Macro Bull but history favors the Bears.”
Capital Rekt aggregate that any new low “should be treated as an opportunity for reaccumulation.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research when making a decision.
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