• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Price Predictions Vary: Could Reach $70k or $210k?

user avatar

by Giorgi Kostiuk

a year ago


Key Points

  • Peter Brandt, a seasoned trader, has suggested that Bitcoin may have already reached its peak in the current cycle at $70,000 due to an "exponential decay" pattern.
  • However, other analysts and models project that Bitcoin could potentially skyrocket to $210,000 before the end of the bull run.

Exponential Decay Pattern

Brandt's theory proposes that every subsequent Bitcoin bull market cycle experiences a peak price that is roughly 20% of the gain from the peak of the previous cycle. This trend has been observed in the last three market cycles, indicating that each new cycle loses 80% of the previous cycle's exponential energy.

Based on this decay rate, Brandt predicts that the current cycle might only see a 4.5x increase from the low of about $15,500, suggesting a peak around $70,000. Bitcoin had already reached this level in March when it hit $73,000. However, Brandt assigns a probability of just 25% to the theory that Bitcoin has already reached its peak in this cycle.

Alternate Models

Giovanni Santostasi, CEO and Research Director at Quantonomy, challenges Brandt's theory with his own model based on long-term power law behavior. He argues that Brandt's theory lacks sufficient data for robust statistical analysis.

Santostasi's model focuses on the percentage deviation of peak prices from the long-term power law trend, predicting a different exponential decay pattern. According to his model, the fourth cycle peak around December 2025 is estimated to be approximately $210,000, with the next cycle's bottom likely to be around $83,000.

Other analysts have also put forth their predictions for Bitcoin's peak in this cycle. Pav Hundal, lead analyst at Swyftx, envisions a price of about $120,000 by the 2028 halving. Laurent Benayoun, CEO of Acheron Trading, anticipates a potential peak of $180,000 in the cycle.

As of the report, Bitcoin was trading at $62,528, showing a 15% decline from its all-time high in mid-March.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Yapı Kredi Bank Introduces Cryptocurrency Trading Services in Turkey

chest

Yapı Kredi Bank officially announces the launch of a cryptocurrency trading platform, marking a significant development for Turkey's financial landscape.

user avatarGiorgi Kostiuk

Bitcoin Solaris Launches Nova App; BlockDAG’s X1 Miner Surpasses 2 Million Users

chest

Bitcoin Solaris launches Nova app, while BlockDAG's X1 miner has attracted 2 million users.

user avatarGiorgi Kostiuk

Bitcoin Hits Record High: New Peak at $113,700 Driven by Institutional Investments

chest

Bitcoin reached a new high of $113,700 due to institutional inflows and political factors.

user avatarGiorgi Kostiuk

Impact of US Dollar on Global Financial System in Q1 2023

chest

Exploring the factors affecting US Dollar reserves in Q1 2023 and their significance for the global economy.

user avatarGiorgi Kostiuk

Prospects of Solana and Success of Mutuum Finance in DeFi

chest

Solana is gaining momentum, approaching the $180 mark, while Mutuum Finance is successfully conducting its presale.

user avatarGiorgi Kostiuk

ChainCatcher Hosts Discussion on AI and Cryptocurrency Trends

chest

The ChainCatcher event focused on the synergy between AI and cryptocurrency, market impacts, and future trends.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.