Thanks to Bitcoin halvings, crypto market movements are largely cyclical. BTC updates all-time highs every four years. A new high is recorded approximately one and a half years after the event. The next halving will occur in the spring of 2024. This means investors could see a new BTC peak in 2025. So what do market-renowned analysts think?
Analyst predicts Bitcoin price will reach $300,000
cryptokoin.comAs you follow from , leading crypto Bitcoin is having a hard time staying above $27,000. However, on a longer perspective, analysts are still hopeful. Popular crypto influencer TheBTCTherapist asked his subscribers to make a Bitcoin prediction for next year after the halving. The analyst suggests that BTC will cost more than $300,000 in 2025. He posted his Bitcoin prediction and the crypto’s expected trajectory on X and urged his followers to share their views.
Crypto Rover predicts it will exceed $100 thousand
Popular blogger Crypto Rover is confident that Bitcoin will cost $110,420 in 2025. The majority support the forecast for positive Bitcoin price movement through 2025. However, there are also different opinions among community members. Many say the leading cryptocurrency could overcome the important psychological barrier of $100,000. Investors have been waiting for this breakthrough since 2021, when BTC recorded a new all-time high around $69,000.
Some support an even more positive prediction that Bitcoin price will rise as high as $200,000. However, some say investors should not hope for history to repeat itself. According to them, contrary to expectations of a new high, BTC risks diving after a slight increase to the $20-30 thousand levels. Some crypto community members say that the maximum high that can be reached for Bitcoin in the next bull cycle is the previous all-time high.
““The 4th quarter of 2023 will be ‘very positive’ for Bitcoin”
Popular crypto analyst Michaël van de Poppe states that there is a bullish trend on Bitcoin (BTC) in the coming months, despite its recent struggle. The analyst says Bitcoin is on the verge of reaching levels that offer accumulation opportunities. Additionally, according to the analyst, it is possible for Bitcoin to start an uptrend later. In this context, the analyst makes the following statement:
Ultimately, Bitcoin price is entering a consolidation area here. This makes it very likely that we will see a retest here between $25,600 and $25,800. If we have a retest in this area, this is the area where I want to start buying. Because this retest will be the ultimate retest… If we don’t get that, the upside to $26,500 – that’s going to be the area where I think I want to activate my positions as well. Then we can start targeting $28,000. Then we can start targeting higher numbers, $30,000 and even higher in the Q4 projection, which will be very positive overall.
Slow and sure steps rise….
Van de Poppe says the current movement of Bitcoin price is similar to what was witnessed in the year before a previous split. Based on this, the analyst shares the following assessment:
As long as we stay above the 200-week EMA (exponential moving average), we will likely continue on the upside. And it’s starting to look very similar to the period we witnessed in 2015 and 2016. In this case, we needed this. But then we started to consolidate and rise. During this period, it is very likely that prices will begin to rise slowly but surely and that there will be an upward trend in the markets in general.
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