BTC Price Models Hint at $130K Target After 2024 Bitcoin Halving
Bitcoin (BTC) is set to hit $128,000 or more by the end of 2025, several analytical models suggest.
Uploading the latest BTC price estimate to X (formerly Twitter) on October 17, prominent trader and analyst CryptoCon raised his two-year target to $130,000.
Many BTC price predictions will be collected at 130,000 dollars by 2025
Bitcoin market participants differ on how BTC's price behavior will react to next year's block grant halving, but for CryptoCon, the long-term roadmap looks dire.
In an update on both Bitcoin price cycles and various models showing highs and lows, the analyst reiterated that the area around $130,000 is quickly becoming a magnet.
“I've been testing a lot of Bitcoin cycle highs lately, and I keep seeing the same price…130k,” he summarized.
The accompanying chart highlights the so-called “earliers” in each price cycle, with the actual cycle peak being a new all-time high.
The first peaks will occur on average for three weeks either side of July 9, according to CryptoCon. The new all-time highs will come for three weeks on either side of November 28 – an already popular event as Cointelegraph reported last month.
The timing of these events comes from plotting simple diagonal trends from the beginning.
“Doing this has got the value of the last two cycles right, and with the trend of the last cycle, it gives us a value of about 138k,” XPost continued.
“I'm ready for lower prices but the stars are aligning at 130k for Bitcoin this cycle!”
Under the model, 2025 should be the next peak year for the cycle, which is less than double the record set in 2021.
“History favors the bears.”
Four-year half-cycles, form a guide for many prominent Bitcoin market analysts.
Related: Mining BTC Is Harder Than Ever – 5 Things to Know in Bitcoin This Week
Among them is prominent trader and analyst Rect Capital, which has emphasized that the pre-birth year of 2023 will bring some new local lows before the bull market is in full force.
#BTC
5 Half levels of Bitcoin
1. Pre-half time
If a deeper retracement occurs, it could be in the next 140 days or so (orange).
In fact, $BTC retraced -24% in 2015 and -38% in 2019 at the same point in the cycle (ie ~200 days before the dip)… pic.twitter.com/r1dAWBJXyw
— Rekt Capital (@rektcapital) October 6, 2023
Earlier, he warned that the highs of $32,000 seen at the beginning of this year could stop the printing of a two-story structure, which will help to support a longer decline in the price of BTC next time.
“At the same point in the cycle (~180 days before the decline)…BTC -25% in 2015/2016 and -38% in 2019,” reads one of X's recent posts.
“It's just a question: Will history repeat itself?” Or will 2023 produce something completely different? I'm a macro bull but history favors the bears.
Rect Capital added that any new low “should be viewed as an opportunity to rally.”
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
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