Main takeout:
The price of Bitcoin (BTC) formed a new patience on each candle every day, and the encryption asset slowly crushed at the new high. SINA, the 21st capital co -founder, mentioned that Bitcoin is approaching at a pivotal moment of $ 108,000, depending on the trajectory.
The Bitcoin Quantile model update shows that BTC’s market reflects the same “heat” as it existed after the SPOT ETF -centered best in the after -election of US President Donald Trump and Q4 2024. The model that maps the price stage of Bitcoin by mapping the price stage of Bitcoin using a quantile regression is in the transition area and indicates an important early stage of the account stage. Throughout the fourth quarter of 2024, Bitcoin increased 45% after starting a $ 74,500 price discovery period.
As described in the chart, once you get out of the acceleration step, you can trigger the following legs or intermediate stages of the BTC (usually 33% and 66%). Based on this model, BTC is expected to gradually target the price level of $ 130,000 and $ 163,000 for the next few months.
But anonymous Bitcoin analyst APSK32 said the price target of more than $ 200,000 is a “reasonable” expectation for 2025. The analysts based on Bitcoin’s “Power Curve” pointed out that BTC’s position has been greatly improved since April.
From a technical point of view, this view is supported by the recent convergence of the Sharpe ratio of Bitcoin and gold, suggesting that two hard assets provide similar reward profiles to investors.
Fidelity’s Global Macro Jurrien Timmer Director revealed about this development and recommended a 4: 1 gold bitcoin ratio in terms of quota.
Related: Bitcoin ‘BLOW-OFF’ is set at $ 128K, which is the highest ever.
Strong bitcoin can see “final straw” before a new height.
AYLO AYLO analyzed BTC’s historical price behavior when encryption assets were integrated near the highest level ever. In the X Post, the analyst explained.
“This data is classified as a new ATHS within a short time (a few days to week) when the BTC gets closer to the previous ATH during the strong and acceleration of BTC with high propulsion.”
However, due to the weak trend, the stable or reversal occurred between March and May 2024. Currently, Bitcoin has a strong trend, but lacks the required trading volume, and checks the brake out that remains in the final straw.
ALYO added that in order for Bitcoin to break the highest level, the daily trading volume must be more than 10 days and 1.5 times the average on the 20th average, and the price must be maintained ideally while the price is steadily maintained or rising.
Cryptoquant’s data has strengthened AYLO concerns about trading volume. On May 21, BTC transactions were only 3.2%at 3.2%for 30 days, despite BTC transactions within $ 2,000 at a record high, at 3.2%for 30 days.
For comparison, Bitcoin accounted for about 30% (almost 10 times higher than the current level) in December 2024, but Bitcoin accounted for about 30% in the price range of $ 96,000 to $ 97,000.
Related: How high can Bitcoin prices go?
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.