Bitcoin’s price is poised to reach $128,000 or even higher by the close of 2025, according to a variety of analytical models.
On October 17, CryptoCon, a well-known trader and analyst, posted his latest Bitcoin price predictions on the X social media platform. He established a two-year target of approximately $130,000.
Although opinions on how Bitcoin’s price will respond to the upcoming block subsidy halving in the next year differ among market participants, CryptoCon remains bullish about the long-term outlook.
In his updates on various models tracking Bitcoin price cycles and their peaks and troughs, he emphasized that the $130,000 mark was rapidly becoming a significant target.
He summarized, “I’ve been conducting extensive experiments on Bitcoin cycle tops lately, and I consistently see a price of around $130,000.”
Additionally, he presented a chart highlighting “early” peaks in each price cycle, along with the actual cycle top that establishes a new all-time high.
These early peaks typically occur about three weeks before or after July 9, while the new all-time highs occur about three weeks before or after November 28.
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CryptoCon derived the timing for these events by plotting simple diagonal trendlines from the first early peak, revealing a price of around $138,000 for the next cycle top.
While acknowledging the possibility of lower prices, he stated, “The signs are aligning for Bitcoin to reach $130,000 in this cycle.”
According to model timing, 2025 is expected to be the year when the next cycle peak occurs, nearly double the previous record set in 2021.
Meanwhile, some well-known Bitcoin market commentators are guided by the four-year halving cycles. Rekt Capital, a popular trader and analyst, suggests that the year 2023, just before the halving, might witness some new local lows before the bull market regains full momentum.
He previously warned about the potential for a double-top structure based on the $32,000 highs seen earlier this year, which could fuel a prolonged BTC price decline.
Rekt Capital remarked, “At this same point in the cycle (~180 days before the Halving)… BTC retraced -25% in 2015/2016 and -38% in 2019.”
He noted the uncertainty of whether history would repeat or if 2023 would bring something entirely different, but emphasized that any new lows should be viewed as opportunities for re-accumulation.
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