Bitcoin (BTC) has been a topic of much speculation in the crypto community, with many analysts and traders trying to predict its future price. According to several analytics models, BTC is expected to reach $128,000 or more by the end of 2025.
One popular trader and analyst, known as CryptoCon, recently shared his BTC price estimates on X (formerly Twitter) on October 17. He predicted a two-year target of around $130,000. This aligns with other BTC price forecasts that also converge on $130,000 for 2025.
While there is some disagreement among market participants about how BTC price will behave after next year’s block subsidy halving, CryptoCon remains firmly bullish about the long-term perspective. He has been conducting experiments with Bitcoin price cycles and their highs and lows, and he consistently sees the price of around $130,000 as a potential magnet.
CryptoCon pointed out that there have been “early” tops in each price cycle, occurring three weeks on either side of July 9. The new all-time highs, on the other hand, come three weeks on either side of November 28. By plotting simple diagonal trendlines from the first early top, CryptoCon has found that the price of the last two cycle tops matches closely with the trend. This gives him a price estimation of about $138,000. However, he believes that $130,000 is a more realistic target for this cycle given the alignment of factors.
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Analyzing BTC price cycles is not the only method used by traders and analysts to predict future prices. Many of them also look at the four-year halving cycles. Rekt Capital, another well-known trader and analyst, has emphasized the significance of the prehalving year of 2023 in potentially bringing new local lows before the bull market gains momentum.
Rekt Capital warns that the highs of $32,000 seen earlier this year could form a double-top structure, leading to a prolonged downturn in BTC price. He points out that in previous cycles, BTC retraced by 25% in 2015/2016 and 38% in 2019, around 180 days before the halving event. He questions whether history will repeat itself or if there will be something completely different in 2023. Despite this caution, Rekt Capital remains bullish in the long term and sees any new lows as an opportunity for re-accumulation.
It’s important to note that this article does not provide investment advice or recommendations. Investing in cryptocurrencies carries risks, and individuals should conduct their own research before making any investment decisions.
In conclusion, BTC is expected to reach $128,000 or more by the end of 2025 according to various analytics models. While there is some debate about how BTC price will react to the upcoming block subsidy halving, traders like CryptoCon and Rekt Capital remain optimistic about the long-term prospects of Bitcoin. It is crucial for investors to conduct their own research and make informed decisions when it comes to investments in cryptocurrencies.
