There are good reasons to believe that Bitcoin (BTC)’s next high will be $200,000. In a tweet dated January 27, l’analyst Trader Tardigrade – also known as Alan – has also predicted that the bottom of the next bear market will be around $70,000 instead.
Bitcoin a 200.000$ nel 2025?
Many believe that the BTC price is still locked into halving cycles, which happen every four years. In other words, Bitcoin hits a new all-time high one every four years; the next is expected to be 2025.
The halving of the rewards for miners will take place a year earlier, in 2024; from then on, Alan argues, BTC will start a bull run that will bring it to $200,000.
This prediction comes from aanalysis of stochastic oscillator in Bitcoin, synchronized with the highs and lows of the various BTC/USD cycles. The indicator just reversed – if history repeats itself, the price will only go higher from now on.
The Stochastic Oscillator is a tool used to measure volatility, which compares closing prices to historical averages. “Bitcoin’s current structure and stochastic behavior indicate that the next all-time high will be $200,000, while the bottom will be $70,000,” summed up Alan, also attaching the following graph in his message:
Paradoxically, some community members consider the $200,000 – an increase of “just” 189% from the current all-time high of $69,000 – a fairly modest target. On the other hand, with each cycle the long-term volatility of Bitcoin tends to decrease, and therefore the percentage growth of the asset is also lower.
PlanB: next target, $32,000
Equally optimistic is PlanB, the analyst behind the controversial Stock-to-Flow pricing model. Bitcoin’s behavior in January was a decisive turning point, PlanB points out, pointing to various on-chain metrics as evidence of a recovery.
Among these also the “realized return,” which tracks the aggregate profitability of coins spent on the blockchain:
“The ‘realized return’ metric just went positive! Sellers are now taking profit (green) instead of cutting losses (blue). Big difference.”
PlanB concluded its own analysis stating that – based on the data of the realized price – Bitcoin’s next short-term target will be $32,000.
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