The election of Donald Trump as President of the United States positively impacted the cryptocurrency markets. However, the lack of mention of cryptocurrencies during Trump’s inauguration led to a slight correction in Bitcoin $105,515 prices. A newly introduced Bitcoin model revealed the current state of BTC’s bullish journey.
Examining the New Bitcoin Model
The new Bitcoin model is based on the four-year cycle of this digital currency. This process, known as the halving event, creates a supply shock by reducing mining rewards. The model consists of four phases that explain Bitcoin’s bullish journey. The first phase is the accumulation period, indicating a market bottom. This is followed by the breakout and early bull market phase, marking the completion of the first half.
Analysis of Historical Trends
The Bitcoin model analyzes historical trends from 2012, 2016, and 2020, comparing them to the current market. This comparison highlights similarities, providing insights into potential trends and price patterns. The model predicts Bitcoin price movements using geometric means and standard deviations. Predictions for 2025 suggest that the BTC token has completed half of its bullish journey and shows steady progress on the chart.
Currently, Bitcoin is trading at $102.5 thousand, with a slight correction from its previous all-time high of $109.1 thousand. This correction coincided with Trump’s inauguration event and is expected to stabilize over time. Despite the correction, the Bitcoin bullish journey graph indicates that the token is positioned in the upper mid-range of its standard deviation bands. According to the BTC model, the bullish journey is halfway, entering a maturation phase, with the next step being to reach the exuberant peak attributed to cycle tops.
Overall, this Bitcoin model forecasts the likelihood of prices continuing to rise and testing higher standard deviation bands. According to the analysis, the peak of the BTC bull journey could be reached by the end of 2025, with prices potentially reaching $300,000 or higher based on historical trends.
Future Expectations
This Bitcoin model analyzes past trends based on the halving cycle using geometric means and standard deviations, currently indicating that BTC is in a maturation stage. The model predicts that the peak of the Bitcoin bullish journey will occur by the end of 2025. If realized, Bitcoin could double its current high value, reaching the $300,000 target. However, the journey may not be smooth; fears of price declines exist, and significant consolidation could occur due to the phases of the cycle.
Warning: BTC and cryptocurrency predictions may not always be accurate due to market unpredictability. This model’s forecast is based on computational analysis of a potential bullish journey. Investors should conduct their own research.