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- Global monetary policies were inflationary, and they could stimulate the demand for BTC
- Price target $ 200,000 for bitcoins before the end of 2025 may be a conservative estimate
While Bitcoin [BTC] On Monday, July 7, he again tested the resistance zone $ 109.6,000, faced rejection. Within 16 hours the price dropped by 1.4%. Last week, the resistance zone of $ 110,000 was unsuccessfully tested, reducing the price by 2.77% to 107.4 hp. The price action in the short term indicated consolidation and spring winding before the next move.
Bitcoin The remaining over $ 100,000 should be fulfilled by investors with confidence. Yet questions about its wider acceptance remain relevant. In fact, Cio of Miller Value Partners recently commented on the popularity of bitcoins among institutional investors. Noted that it was all and Risk Management Game for tradfi.
Inflation money policies globally mean that, in the long run, bitcoin would continue to appreciate. When Bitcoin’s half is done in April 2024, the end of this cycle can approach, although it is probably not at hand.
The question, then how much higher the price can this time?
Bitcoin’s Rainbow Graph shares an optimistic prediction
Source: Bit
Using a more conservative Bitcoin Rainbow Graph called The regression of the price of half (HPR), Ambrpto tried to mark where the current cycle can arrive. HPR excludes the hype of hype and uses graphs of non -linear regression curves based only on the price of BTC to 3 in half.
BTC seemed to be in the “buy” zone. Based on the length of the previous cycle, we can expect that this peak will arrive sometime in the 4th quarter of 2025. Assuming the beginning of November, Bitcoin’s rainbow chart suggested that the price would be at least $ 157,000 or even an optimistic $ 217,000.
It is notorious to predict when the cycle could find its peak and what the price could be. In fact another popular and reliable indicator, Pi cycle top The indicator, showed that the cycle can be near his zenite anywhere.
Source: Bit
350 -day SMA X2, purple line, would have to see the crossover on the 111 -day gliding diameter. At the time of writing, the former (purple) was $ 172,000, while the second (Azure) was 97.7 kk. This indicated that if this indicator fired the highest signal again, Bitcoin’s 111-day MA would have to climb to at least $ 172,000.
In order to manage the 111 -day gliding average so high, the BTC price must go even higher and stay higher. If the bitcoin rainbow chart and the top indicator PI will turn out reliable again, we could see how the price is pushing significantly over $ 200,000.
Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer
