In recent months, Bitcoin's price has shown significant growth, and analyst Astronomer shares his forecasts and strategies for the future.
Bitcoin Price Predictions
Despite a recent decline following an all-time high of $112,000, Bitcoin’s price continues to attract attention. Analyst Astronomer believes we have not yet seen the top and predicts the price could rise to $170K in this cycle. He notes that he became fully bullish when Bitcoin was trading around $18K in 2023, and since then, his strategy has remained 'up-only'.
When to Buy Bitcoin?
Astronomer provides a general strategy for buyers based on statistical analysis. He expects the last significant dip in BTC price before a major breakout to occur in the range of $90K to $103K. He recommends starting purchases around $103K and increasing positions if the price drops to $96K. If it reaches $90K, he suggests using almost all remaining capital. According to his cycle analysis, the breakout window may open 10 weeks after the last major move.
Market and Altcoins
Astronomer also addresses whether to buy altcoins or focus on Bitcoin. He emphasizes that Bitcoin always moves first, and altcoins follow. Therefore, he suggests entering altcoin positions after Bitcoin confirms its breakout. He points out strong indicators in the current market, signaling that demand and positive trends are starting to dominate.
In conclusion, Astronomer offers a plan for those who have not yet entered the market. He emphasizes the importance of combining smart entry levels with proper timing, and if his forecasts hold true, Bitcoin may reach $170K faster than most expect.
