Bitcoin market experts and analysts are increasingly optimistic about the future price of Bitcoin following the anticipated 2024 halving event. Various price models have pointed towards a significant milestone of $130,000 in 2025, suggesting that Bitcoin will double its current all-time high within two years of the April 2024 halving.
CryptoCon, has been conducting extensive research on Bitcoin price cycles and their peak levels. Their findings consistently indicate that the price of Bitcoin seems to gravitate towards the $130,000 mark. This suggests a strong bullish trend for Bitcoin's long-term trajectory.
The research highlights a pattern of "early" price tops in each cycle, occurring approximately three weeks on either side of July 9. Following these early tops, new all-time highs tend to manifest approximately three weeks on either side of November 28.
By analyzing simple diagonal trendlines originating from the first early top, CryptoCon's research has accurately predicted the price of the last two cycle tops. This methodology, along with data from the previous cycle, points to a potential Bitcoin price of approximately $138,000.
In summary, Bitcoin's price models are converging on a bullish outlook, with a target price of $130,000 emerging as a prominent and consistent prediction for 2025. This suggests that the post-2024 halving era may usher in a significant surge in Bitcoin's value.
No comments:
Post a Comment