When Will Bitcoin Price Rise? Analyst Predicts New All-Time High in 2025 - COINTURK NEWS
reklamı kapat

When Will Bitcoin Price Rise? Analyst Predicts New All-Time High in 2025

9:35 pm (78 days ago)
September 23, 2023

Bitcoin (BTC) price predictions for the future continue to occupy the crypto community. Especially since the cryptocurrency has been trading in a consolidation phase before 2024, it has attracted more attention. The possibility of Bitcoin reaching its next all-time high, along with important factors such as the upcoming halving event and regulatory changes, has gained greater significance in recent times.

When Will Bitcoin Price Rise?

Bitcoin seems to be in a period of determining its all-time high. Crypto analyst CryptoCon shared a tweet on September 22nd. He stated that Bitcoin could reflect a model reminiscent of the 2015 market cycle. He mentioned that this situation could potentially pave the way for a new record price from 2024 onwards. According to his analysis, Bitcoin could reach a new peak in 2025 and trade between $90,000 and $130,000.

CryptoCon’s analysis begins with the emergence of what he called the first early peak for Bitcoin on July 13th, 2023. This event revealed similarities to the 2015 market cycle, where Bitcoin bottomed out in August and started to rise in November of the same year. He pointed out that people might expect a scenario similar to 2019 instead. He suggested that Bitcoin might be preparing for a similar move, emphasizing the similarities to 2015.

CryptoCon refers to this period as an accumulation phase. According to his prediction, there are only two months left in this phase. He believes that the next important event to watch for will be a possible early peak of around $48,000, which he hopes will occur approximately 21 days after July 9th, 2024.

The analyst predicts that Bitcoin’s “cycle peak” will occur approximately 21 days after November 28th, 2025, and the expected price range will be between $90,000 and $130,000, the all-time high. He also mentioned that another cycle bottom could occur within 21 days starting from November 28th, 2026. However, he refrained from providing a specific price prediction for this event.

Will Bitcoin Reach a New Record?

It is worth noting that there is a widespread expectation that Bitcoin will reach a new peak, and the next halving event is expected to be a significant trigger. In addition, there is still hope for the potential approval of a Bitcoin spot Exchange Traded Fund (ETF).

Furthermore, on-chain activities indicate that investors may anticipate another price increase. In particular, data shows that Bitcoin reserves on exchanges are at their lowest level in the past six years. Initially, the decrease in the amount of Bitcoin held on exchanges could indicate a strong market and an expectation of price increase.

You can follow our news on Telegram, Facebook, Twitter & CoinMarketCap
Related Posts