Bitcoin (BTC) is expected to reach a price of $128,000 or more by the end of 2025, according to several analytics models. Popular trader and analyst CryptoCon recently shared his BTC price estimates on X (formerly Twitter), predicting a two-year target of around $130,000.
While Bitcoin market participants have different opinions on how BTC price will respond to next year’s block subsidy halving, CryptoCon remains bullish about the long-term trajectory. He reiterated that the price range around $130,000 is becoming increasingly attractive based on various models that chart Bitcoin price cycles.
In these models, CryptoCon observed that around the same price of $130,000 appeared as the top of each cycle. He found that the early tops in each price cycle occur around three weeks on either side of July 9, while the new all-time highs are reached approximately three weeks on either side of November 28. By plotting simple diagonal trendlines from the first early top, he determined that the price of the last two cycle tops was approximately $138,000. However, he believes that $130,000 is a more conservative estimate for Bitcoin this cycle.
According to the model’s timing, 2025 is expected to be the year when the next cycle top occurs, reaching a price of nearly twice the current all-time high set in 2021. This prediction aligns with the four-year halving cycles that many Bitcoin market commentators rely on to predict price movements.
On the other hand, popular trader and analyst Rekt Capital suggests that the pre-halving year in 2023 could bring about new local lows before the bull market gains momentum. He cites historical data to support his stance, noting that BTC retraced by around 24% in 2015 and 38% in 2019 around the same time in the cycle, approximately 200 days before the halving. Rekt Capital acknowledges the possibility of a different outcome in 2023 but believes that history favors bearish trends.
Despite the differing opinions, both CryptoCon and Rekt Capital emphasize the importance of conducting thorough research and making well-informed decisions when investing or trading. This article should not be considered as financial advice or recommendations.
In conclusion, multiple analytics models suggest that Bitcoin is likely to reach a price of $128,000 or more by the end of 2025. CryptoCon’s analysis points to a price target of around $130,000, while Rekt Capital warns of potential new lows in 2023 before the bull market gains traction. Investors and traders should exercise caution and conduct their own research before making any investment decisions.