Multiple analytical models suggest that the price of Bitcoin (BTC) will reach $128,000 or higher by the end of 2025.
Prominent trader and analyst CryptoCon uploaded its latest BTC price estimate to X (formerly Twitter) on October 17, extrapolating a two-year target of around $130,000.
Multiple BTC price predictions trend toward $130,000 by 2025
Bitcoin market participants are divided on how Bitcoin price behavior will respond to next year’s block subsidy halving, but for CryptoCon, the long-term roadmap looks firmly bullish.
In an update on various models charting the Bitcoin price cycle and its highs and lows, the analyst reiterated that the area around $130,000 is quickly becoming a magnet.
“I’ve been doing a lot of Bitcoin cycle top experiments recently, and I keep seeing the same price around… 130k,” he Summarize.
The accompanying chart highlights so-called “early” tops in each price cycle, as well as the actual cycle tops that constitute new all-time highs.
CryptoCon explained that early peaks occur on average within three weeks around July 9th. The new all-time high occurred within three weeks of November 28 – a phenomenon that Cointelegraph reported last month has become prevalent.
The timing of these events comes from drawing simple diagonal lines from the first early top.
“Doing this has accurately found the price top of the last two cycles, and based on the trend of the last cycle, we got a price of about 138k,” X’s post continued.
“I’m ready for the price to fall, but the price of Bitcoin will reach 130,000 this cycle!”
Based on the model timeline, 2025 should be the year the top of the next cycle occurs, slightly less than double the current record set in 2021.
‘History favors bears’
Meanwhile, the four-year halving cycle provides guidance for many prominent Bitcoin market commentators.
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Among them is popular trader and analyst Rekt Capital, who continues to highlight that there could be some new local lows ahead of the 2023 halving before the bull market takes full effect.
5 stages of Bitcoin halving
1. Pre-halving stage
If a deeper retracement is to occur, it may be in the next 140 days or so (orange)
Actually, Bitcoin USD At the same point in the cycle (i.e. ~200 days before the halving), there was a -24% retracement in 2015 and a -38% retracement in 2019… pic.twitter.com/r1dAWBJXyw
— Rekt Capital (@rektcapital) October 6, 2023
Previously, he warned that the $32,000 high seen earlier this year could eventually form a double-top structure, fueling the ensuing long-term downturn in Bitcoin prices.
“At the same point in the cycle (~180 days before the halving)… BTC retraced -25% in 2015/2016 and -38% in 2019,” one of his latest X posts read.
“The only question is: Will history repeat itself? Or will 2023 produce something completely different? I’m a macro bull, but history favors bears.”
Rector Capital Add to Any new lows “should be viewed as an opportunity to re-accumulate.”
This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should do their own research when making decisions.
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