Bitcoin’s Future Price Predictions
If you are a crypto enthusiast, you may be interested in knowing that Bitcoin (BTC) could potentially reach a “sell” point at $110,000 during its new bull cycle, according to a classic on-chain indicator. Data from Look Into Bitcoin suggests that Bitcoin’s Terminal Price hints at a possible six-figure BTC price top.
BTC’s Potential for Six-Figure Prices
As BTC price continues to surge, experts are already considering the potential high it could reach in the coming months and years. Targets for the next block subsidy halving in April 2024 include $130,000, with late 2025 being a popular deadline for the next cycle top.
The Terminal Price is calculated from Bitcoin’s Transferred Price, which is derived by dividing Coin Days Destroyed (CDD) by the existing supply. CDD measures how many dormant days are reset each time an amount of BTC moves on-chain, providing insight into hodler intent and activity.
Created by Checkmate, lead on-chain analyst at 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 2023 fell short.
Philip Swift suggested that selling “near” Terminal Price would be a suitable policy. Its bear market counterpart, Balanced Price, likewise signals useful market bottoms.
Targeting $110,000 as a Conservative Estimate
As Terminal Price increases over time, $110,000 may ultimately end up a conservative target should the next all-time high occur later in the next cycle.
The Pi Cycle Crossover Indicator
In further analysis this week, Swift also highlighted the Pi Cycle Top indicator as providing reliable long-term high estimates. Pi uses two moving averages for its forecasts, with their crossovers heralding the next high — albeit with 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.
Hot Take: Future of Bitcoin’s Price
It seems that Bitcoin’s future price remains uncertain yet promising. With indicators pointing to potential six-figure prices and reliable long-term high estimates using on-chain analytics and moving averages, it may be wise to consider these factors when making decisions regarding buying or selling Bitcoin.
By
By
By
By
By
By