After significant price pullbacks, the cryptocurrency market began a major recovery this weekend. The price of Bitcoin, which dipped below $54,000 last week, is currently attempting to establish itself above $57,000. However, a highly optimistic analysis has revealed a scenario of impressive price growth that could be on the way for Bitcoin.

In a technical analysis shared on July 7, pseudonymous analyst apsk32 on social media platform X suggested that Bitcoin could experience a bullish trajectory aimed at reaching a staggering $225,000 in the coming months.

The prediction was based on the analysis of Bitcoin’s historical movements, as well as its alignment with a power law support model. The analyst highlighted Bitcoin’s cycles and their respective peaks in the years 2013 and 2017, in addition to a double peak that occurred in 2021.

According to the analysis, if Bitcoin manages to follow its patterns observed in previous cycles, the asset could be five years ahead of the power law support by October 2025 and, with that, the price of the largest cryptocurrency would be driven to reach approximately US$ 255,000.

“If Bitcoin is 5 years ahead of the power law support on October 1, 2025, then it will be worth $255,000. I chose this date based on previous cycle times. I use this chart to visualize the cycles and see if it looks like the pattern is changing. — If the 4-year price cycles continue, the next cycle top will be in late 2025. During previous cycle tops, the price was approximately 5 years ahead of the power law support. The double top in 2021 and acceleration in 2024 suggest that this time may be different. However, we have heard it every time and so far the pattern remains,” the analyst noted.

At the time of publication, the price of Bitcoin was quoted at US$56,980.35 with an increase of 0.3% in the last 24 hours.

Disclaimer:

The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.

Source: https://portalcripto.com.br/especialista-preve-quando-preco-do-bitcoin-chegara-a-us-255-000/



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