Bitcoin Price Projections Point to $128,000 or More by 2025, Analysts at CoinMagazine Suggest

Analysts at CoinMagazine are predicting that Bitcoin's price is on track to reach over $128,000 by the end of 2025, following the expected halving event in April 2024. These predictions are based on various analytical models that suggest Bitcoin will double its current all-time high within two years of the upcoming halving.

While there is some disagreement among market participants about how Bitcoin's price will respond to the block subsidy halving in 2024, these analysts have a bullish long-term outlook. They have been studying Bitcoin's price cycles and their highs and lows, and a recurring pattern seems to be emerging. According to their analysis, the price of Bitcoin often reaches around $130,000 in each cycle.

Their research shows that there are "early" price tops in each cycle, occurring approximately three weeks on either side of July 9. The actual cycle tops, which represent new all-time highs, tend to happen about three weeks on either side of November 28. These observations are based on simple diagonal trendlines drawn from the first early top.

Based on this data, they anticipate that Bitcoin's price will hit about $138,000 during the next cycle, with a strong likelihood of reaching $130,000. They acknowledge that lower prices are possible but believe that the stars are aligning for Bitcoin to reach this level during the current cycle.

Their models also suggest that 2025 is the year when the next cycle top will occur, nearly doubling the previous record set in 2021. This analysis is in line with the four-year halving cycles that many Bitcoin market commentators use as a guide.

However, not all analysts share this optimistic view. Some suggest that 2023, the year preceding the halving, could see Bitcoin experience some local lows before the bull market gains full momentum. This perspective is based on historical data, with examples of Bitcoin retracing by around -25% in 2015/2016 and -38% in 2019 around 180 days before the halving. They emphasize the importance of considering historical patterns and treating any new lows as opportunities for re-accumulation.

Its important to note that these are predictions and not investment advice. Any investment or trading decisions should be made after conducting thorough research and considering the associated risks.