Bitcoin ($BTC) Price Could Surge to $156,000 by 2025, Analyst Predicts Based on Historical Data

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As a researcher with a background in cryptocurrencies and financial markets, I find Cryptorphic’s analysis intriguing. The trend identified after Bitcoin’s halving events is compelling, and if history repeats itself, we could indeed see a significant price surge for Bitcoin. However, it’s important to remember that past performance is not indicative of future results, and there are always risks involved in investing in any asset class, especially cryptocurrencies.

Based on historical trends following Bitcoin‘s halving events, a renowned analyst anticipates that the cost of the leading cryptocurrency could reach an astounding $156,000 by May 2025.

As a crypto investor keeping a close eye on the market, I’ve recently come across an intriguing observation by the well-known pseudonymous analyst Cryptorphic. He made this remark in a post on microblogging platform X (previously known as Twitter). Bitcoin, according to him, hasn’t experienced a price correction in a year following a halving event. Halvings, as I understand it, are substantial milestones in Bitcoin’s development.

As an analyst, I’ve observed that during a Bitcoin halving, the reward I receive as a miner for discovering a new block is reduced by half. Consequently, the influx of fresh supply into the market gets diminished by the same percentage. My research indicates a striking trend: following the initial halving in 2012, the price of Bitcoin experienced an extraordinary increase of approximately 8,300%.

As a researcher, I’ve observed some significant growth trends in the data I’ve been analyzing. In particular, following the second halving in 2016, there was a more restrained yet still noteworthy expansion of 288%. More recently, the halving that took place in 2020 brought about an astonishing surge of approximately five times that amount, totaling 540% within just one year. The most recent event occurred only this past April.

Considering the various factors at play, I, as an analyst, propose a potential surge of up to 127% for Bitcoin’s price post-halving, with possible values ranging from $115,000 to $156,000.

#Bitcoin might reach a price tag of $156,000 by May 27, 2025. The green boxes depict the price trend following #Bitcoin’s halvings. It’s important to note that we’ve never witnessed a declining year post-halving.

— Cryptorphic (@Cryptorphic1) May 27, 2024

The assessment recognizes the present market instability, as Bitcoin now trades beneath its previous high following a decline. Yet, Cryptorphic detects a significant technical signal – the “inverse head and shoulders” configuration – hinting at an imminent price surge.

As a crypto investor, I’ve come across an intriguing chart pattern called an inverse head and shoulders. This occurs when the price of a cryptocurrency or asset takes a nosedive, then experiences three successive bounces before falling again. The two lowest points form the “shoulders,” while the middle point, which is the highest low, forms the “head.”

As a researcher, I’d express it this way: Over the past week, cryptocurrency investment products experienced significant inflows to the tune of over $1.05 billion. Among these, Bitcoin-focused investments accounted for approximately $1.012 billion, while Ethereum-centric products attracted around $35.5 million in new investments.

In the interim, there were withdrawals amounting to $4.3 million from short positions on Bitcoin, the leading cryptocurrency. This happened following the SEC’s approval of applications from significant stock exchanges to launch Ether ETFs, allowing these products to commence trading towards the end of this year.

This decision represents a noteworthy change for the Securities and Exchange Commission (SEC), known for its conservative stance on cryptocurrencies, as it has previously explored whether to classify the second largest digital currency as a commodity or an investment security.

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2024-05-30 03:34