Bitcoin has the potential to go beyond $130,000, with targets ranging from $155,000 to $200,000, especially if inflation becomes rampant and uncontrolled. The key is timing, and it is important to consider carefully when these price levels will occur.
Bitcoin is not just a temporary growth asset; its long-term stability and sustainability have been proven. All analysts and investors agree that Bitcoin is on a strong growth path. Forecasts for 2025 suggest that price points like $100,000 and $130,000 would be just the beginning, with the potential for a stronger price increase around or after March 2025. However, it would be a mistake to expect these price levels to occur in October, November, or even December 2024.
Bitcoin is currently testing the 200-day moving average as a key support level. Any small decline (“bearish candle wick”) could be the catalyst that triggers a strong next rally.
Looking ahead, the upcoming Bitcoin bull market could see an explosive top, unlike the long-term double top seen in 2021. A similar scenario to the December 2017 boom could occur. Based on the rotational rules of Elliott Wave Theory and Bitcoin’s historical patterns, the next bull market could be interesting.
Here are two possible scenarios:
First scenario: Bitcoin reaches a peak in early 2025, for about 5-6 months, and then there is a bear market around April-June 2025. While this scenario is possible, the likelihood of it coming true is low.
Scenario 2: Bitcoin will peak in late 2025. This is the more likely scenario, as history shows that Bitcoin typically peaks at the end of bull market cycles. In this scenario, Bitcoin prices could continue to rise for months, reaching a new all-time high by the end of Q1 2025. The market could then see a small correction, followed by a consolidation period lasting several months. Finally, a final rally could take Bitcoin prices to a conservative $155,000, or even as high as $180,000-208,000 if factors such as high inflation or geopolitical crises are present.
After this correction, the market is likely to continue to grow. Currently, Bitcoin is forming lower highs, and the market may experience another lower low. If the price falls below the 200-day moving average, it could signal a long-term corrective bottom before a strong recovery occurs.
