Bitcoin (BTC) is expected to reach a macro peak in late 2025 as a popular analyst dismisses early signs of a bear market.
In an August 19 X analysis, the anonymous CryptoCon doubled down on his timeline for BTC price all-time highs.
Trader: “The Top of the BTC Price Cycle Is Yet to Come”
Bitcoin’s latest March all-time high was ‘chaotic’, but it could soon be broken due to price discovery.
For CryptoCon, the market is still headed towards a massive bull run in 2025, which will create the next long-term peak for BTC/USD.
He justifies his predictions using the so-called “November 28 Cycle Theory,” which states that major BTC price events occur within three weeks before and after November 28, every four years.
“I have had the theory since I created it in January 2023, but the idea behind the original model remains the same,” he said in part from his comments this week:
“Some people are predicting a Bitcoin peak or recession, but I think the best is yet to come.”
According to the latest charts of this model, August 2024 is identical to the same month 4, 8, and even 12 years ago, and Bitcoin is about to enter the most intense phase of its bull market.
So 2024 should be the blue “prep” year, and 2025 should be red, which in this model would correspond to a new all-time high.
“The local high in March 2024 was a mess. It was stronger than anything we’ve ever seen. But the theory is that our blue year is a preparation for the red year, and we’re headed toward a new ATH. That’s exactly what we did,” CryptoCon continues.
“Although it came earlier and stronger than usual, prices appear to have gotten back on track around the first halving date of November 28, 2012.”
There is no trend “declaration” in BTC price.
As Cointelegraph reports, the current short-term BTC price prediction stands in sharp contrast to the bullish outlook seen in recent months when BTC/USD broke $70,000.
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BTC price action, stuck in a descending channel, is not showing a clear trend, demand from mass investors is also lacking, and miners are still recovering from the impact of the April block subsidy halving.
“The weekly and daily graphs continue to form a megaphone or expanding triangle pattern on BTC,” popular trader Peter Brandt wrote in part of his latest analysis this week.
“There is no declaration yet on the next trend for $BTC.”
Talk of new all-time highs this year has died down as successive predictions have failed to materialize.
Nonetheless, CryptoCon’s 2025 goal is closer to $200,000.
“I would expect to sell as close to the peak as possible, but now is not the time to do so. The peak will come later in 2025 and higher prices will follow,” he concluded.
This article does not contain any investment advice or recommendations. All investment and trading moves involve risk, and readers should conduct their own research when making decisions.