Within two years of the April 2024 halving, Bitcoin is predicted by a number of analytical models to double from its current all-time high price. These models predict that by the end of 2025, Bitcoin will probably be worth $128,000 or even more.
On October 17, renowned trader and analyst CryptoCon posted his most recent predictions for the price of bitcoin on X (previously Twitter), predicting a target price of roughly $130,000 over the following two years. CryptoCon is still upbeat about the long-term trajectory of Bitcoin's value, despite the fact that there is ongoing discussion among participants in the Bitcoin market about how the price will respond to the block subsidy halving planned for the following year.
CryptoCon's recent update pointed to $130,000 as a potential peak for the next Bitcoin cycle, and his experiments consistently yielded this figure. He also shared a chart showing early cycle tops, typically around July 9, and all-time highs, which tend to be near November 28.
CryptoCon predicted a price of about $138,000 for the peak of the following cycle by projecting straightforward diagonal trendlines from the first early top. The models predict that this peak will occur in 2025, which would be nearly twice as soon as the previous record, which was set in 2021.
The four-year cycles of Bitcoin market experts' halving are often used as a guide. One of them is that the bull market may experience a few new local lows in 2023, the year before the halving, before gaining full momentum. He had previously issued a warning that the $32,000 highs reached earlier this year might possibly form a double-top structure, which might result in a prolonged decline in the price of Bitcoin.
Rekt Capital noted that historically, Bitcoin retraced 25% in 2015–2016 and 38% in 2019, about 180 days before the halving. He expressed macro bullish sentiment and questioned whether history would repeat itself in 2023 or if a different outcome would occur. He also suggested that any new lows be seen as chances to re-accumulate.
