Bitcoin’s Path to Potential New All-Time High by Late 2025
As Bitcoin struggles to maintain levels above $60,000 this year, technical analysis and historical price patterns suggest a potential path towards a new all-time high (ATH) of around $250,000 by late 2025.
Dividing Bitcoin’s Price History
- The November 28th Cycles Theory divides Bitcoin’s price history into four distinct phases: ‘New All-Time High (Red Year)’, ‘Bear Market (Orange Year)’, ‘Accumulation (Green Year)’, and ‘Preparation (Blue Year)’.
- Bitcoin is currently in the ‘Preparation Phase’ as of August 2024, which precedes significant upward price movements during the subsequent ‘Red Year’.
Reasons Behind a New All-Time High
- The November 28th Cycles Theory historically identifies major turning points in Bitcoin’s price, often aligning with Bitcoin’s halving events.
- Halving events occur approximately every four years and reduce the reward for mining new blocks by half, leading to a decrease in new Bitcoin entering the market.
- This supply reduction acts as a catalyst for significant price increases in the years following each halving.
Analyst Observations and Key Levels to Watch
- Despite predictions of a market top or recession, the current ‘Preparation Phase’ lays the groundwork for a potential price surge in 2025.
- The $60,000 resistance level is crucial, with a break above potentially paving the way for testing the $100,000 mark and beyond.
Bitcoin Price Analysis and Outlook
- Bitcoin is currently trading at $60,705, experiencing gains on both daily and weekly timeframes.
- While the projection of a $250,000 ATH by 2025 is speculative, it aligns with historical analysis and previous cycles.
- Investors should approach this target with cautious optimism, considering broader market conditions and Bitcoin’s inherent volatility.
Hot Take: Bitcoin’s Potential Road to $250,000
With Bitcoin’s ongoing journey towards a potential new all-time high of $250,000 by late 2025, supported by technical analysis and historical price patterns, investors are advised to closely monitor key resistance levels and market trends to position themselves strategically for potential price movements as Bitcoin progresses through its current cycle.
By
By
By
By
By