BTC price prediction

Bitcoin needs to avoid a trip below $48,000 to preserve the odds of a six-figure all-time high next year, according to BTC price analysis from Peter Brandt.

Bitcoin (BTC) is due to hit $135,000 within the next year — unless a 25% BTC price crash ruins its prospects, says a new prediction.

In an X update on Oct. 9, veteran trader Peter Brandt delivered his expectations for Bitcoin through 2025.

BTC price action may be consolidating below all-time highs for a seventh month, but that could be “insignificant” as the bulk of Bitcoin’s bull market gains lie ahead.

Read more

If history repeats itself, Bitcoin will easily be able to deliver a six-figure BTC Price next cycle, the on-chain indicator says.

Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.

Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top.

BTC price to six figures next cycle?

As BTC price action circles its highest levels in 18 months, forecasters are already considering how high it could go in the coming months and even years.

After the next block subsidy halving in April 2024, targets include $130,000, with late 2025 a popular deadline for the next cycle top.

Analyzing Terminal Price, Look Into Bitcoin creator Philip Swift described its value as a “simple” method of estimating long-term BTC price peaks.

Terminal Price is calculated from Bitcoin’s so-called Transferred Price — a value derived by dividing Coin Days Destroyed (CDD) by the existing supply.

CDD is a popular metric which measures how many dormant days are reset each time an amount of BTC moves on-chain. It is useful as a gauge of hodler intent and activity.

Created by Checkmate, lead on-chain analyst at data firm Glassnode, Terminal Price comes into play at the top of each BTC price cycle.

Not every all-time high reaches Terminal Price, but BTC/USD did hit the trendline during its 2017 all-time and initial peak in April 2021. The current all-time high of $69,000, seen in November that year, fell short.

Swift thus suggested that selling “near” Terminal Price would be a suitable policy. Its bear market counterpart, Balanced Price, likewise signals useful market bottoms.

Buy near Balanced Price, sell near Terminal Price.

Could it be that simple?#bitcoin cycles. pic.twitter.com/llHytNVuxr

— Philip Swift (@PositiveCrypto) November 10, 2023

As Terminal Price increases with time, $110,000 may ultimately end up a conservative target should the next all-time high occur only in later in the next cycle.

Waiting on a Pi Cycle crossover

In further analysis this week, Swift also highlighted the Pi Cycle Top indicator as providing reliable long-term high estimates.

Related: CME tops Bitcoin futures OI as ‘real facts’ drive institutional uptake

Pi uses two moving averages for its forecasts, with their crossovers heralding the next high — albeit with the just days’ notice.

“The Pi Cycle Top indicator caught so many off-guard last cycle, including myself, by perfectly identifying the top...again! Will it identify the bitcoin top again this cycle?” Swift queried.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin is due to hit $45,000 by the end of 2023, with post-halving BTC price targets reaching a giant $250,000.

Bitcoin (BTC) continues to circle its highest levels in 18 months and bullish BTC price predictions are flowing in — how high can the bull market go and how fast?

From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, with November traditionally one of its most volatile months.

The mood among crypto traders and analysts has improved over the past month after “Uptober” delivered nearly 30% BTC price gains.

Cointelegraph takes a look at five of the most popular targets for 2024 and beyond. Stock-to-Flow may not have come true — at least for now — but $250,000 is still on the radar.

Matrixport predicts $45,000 within two months

A lot can happen in Bitcoin within a short space of time, and with 2024 less than two months away, there is plenty of time for fresh BTC price volatility to take hold.

Before the yearly candle close, some say, BTC/USD will be higher than at present — to the tune of another 30%.

That prediction came from Matrixport, the cryptocurrency trading firm founded by Jihan Wu, himself co-founder of Bitcoin mining giant Bitmain.

Related: 4 signs Bitcoin is starting its next bull run

In a blog post in late October, Matrixport doubled down on a $45,000 year end price target which it originally revealed in January. It was based on a handful of in-house models, with Matrixport also successfully predicting Bitcoin’s October gains.

“Bitcoin is breaking above the July $31,500 resistance level, showing that $45,000 is achievable by year-end,” it summarized.

BTC/USD currently trades at around $34,500, per data from Cointelegraph Markets Pro and TradingView, meaning that the end-of-year level requires another 30% push.

BitQuant: New all-time high pre-halving, $250,000 after

For many, the halving is a watershed moment in every Bitcoin price cycle — but one well-known commentator believes that new all-time highs will come even before then.

In September, BitQuant stated that BTC/USD would surpass its current $69,000 peak before April 2024.

He told X subscribers:

“No, Bitcoin is not going to top before the halving. Yes, it's going to reach a new all-time high before the halving. No, BTC is not going to $160K because the magnitude of every pullback is large. This means it will peak after the halving, in 2024. And yes, the target price is around $250K.”

Both the all-time high and the post-halving $250,000 target came courtesy of Elliott Wave charting, with Bitcoin mimicking behavior from previous cycles.

BitQuant did, however, make room for a total of four “pullbacks” on the way to the quarter million mark.

“There will be one pullback before breaking to a new all-time high, followed by another pullback around $125K. Additionally, there will be two more pullbacks after the halving, which are not demonstrated here,” he added in X interactions.

Three BTC price models, one $130,000 target zone

Bitcoin all-time high predictions are not only coming from individual market participants — BTC price models are also flipping bullish.

Last month, Cointelegraph reported on a range of forecasting tools which are all focusing on an area around $130,000 per bitcoin.

These come from popular analyst CryptoCon, who nonetheless believes that a six-figure BTC price may take two years to become reality.

“I am prepared for lower prices, but the stars are aligning at 130k for Bitcoin this cycle!” he wrote in an X thread on the model data.

The concept also hinges around halving events, and the next peak should come around four years after the $69,000 move in November 2021.

The one million dollar question

It is no secret that some believe that a $1 million BTC price tag is only a matter of time.

Related: New BTC price breakouts see Bitcoin traders confirm targets up to $48K

This year, Cathy Wood, founder, CEO and CIO of asset management firm ARK Invest, has joined former BitMEX CEO Arthur Hayes in doubling down on seven-figure Bitcoin.

When this could happen is — understandably — up for debate, but changing macroeconomic tides have emboldened what remains a daring BTC price prediction.

In October, Hayes maintained that the path to $1 million per bitcoin was "in full effect" thanks to macro reality.

"If people lose faith in the bond market and this fiat artificial construction that we've created over the past 80 to 100 years — this global economy and how it's been structured — if we lose confidence in that, then the amount of money that's going to be looking for an alternative is going to be something that we've never seen before," he said in an interview with Blockworks' "On The Margin" podcast on Nov. 1.

For her part, Wood said in an interview with Bloomberg on Nov. 3 that she would "hands down" choose Bitcoin over gold as an inflation hedge.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin remains on track to deliver “possible” further gains of up to 30% versus current BTC price levels, says CryptoCon.

Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon said.

In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels.

Analyst: $45,000 next month is “possible” for Bitcoin

Bitcoin reaching 17-month highs this week has many market participants expecting a pullback, but CryptoCon believes that plenty of upside potential remains.

Comparing current BTC price behavior to previous cycles, he showed that there is still room for BTC/USD to expand to the highest of the Fibonacci model’s five targets to hit a mid-cycle top.

Four have already been seen, with target four lying around 3.3% above this week’s top at $36,368. In between them are what are called “phases” — and November now marks a deadline for the next to be completed.

“The move to the cycle mid-top usually takes about 2 months after the end of phase 2. Since our first month is about to come to a close in phase 4, the mid-top could be complete as soon as November,” part of the commentary stated.

“Translation: A possible move above 45k by next month.”

Continuing, CryptoCon flagged two key resistance levels for Bitcoin bulls to clear in order for the $45,000 target to become reality.

“Both of these line up at about $36,400,” he noted.

BTC price cycle behavior “completely different”

Updating his own cycle comparison, meanwhile, fellow trader and analyst Rekt Capital described a “completely different” setup for Bitcoin in 2023.

Related: ‘This is the trigger’ — Arthur Hayes says it’s time to bet on Bitcoin

At this point in its four-year pattern, BTC/USD should be testing support, not resistance, he argued, contrasting the current landscape to that from March 2020.

At the time, the pair put in cycle lows of just above $3,000 as part of a cross-market crash engendered by the start of the COVID-19 pandemic.

“Bitcoin is doing something completely different to what it did in 2019 at this same point in the cycle,” he wrote. 

In various recent X posts, Rekt Capital added that any significant pullback would represent a significant cycle buying opportunity.

#BTC

Any deeper retrace that occurs over the next 175 days before the Halving will represent an outsized opportunity for the next few years$BTC #Crypto #Bitcoin pic.twitter.com/KH7bsC7edq

— Rekt Capital (@rektcapital) October 25, 2023

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.