Bitcoin (BTC) is gradually heading toward the direction of its next halving cycle projected to come to an end in March 2021. According to analysis conducted by Filbfilb, a Decentrader Co-founder, BTC is likely to reach up to $180,000 as its highest mark by the end of the halving.

The prediction of BTC reaching up to $180,000 has spurred debates on how realistic this estimation is. Some previous halving cycles suggest that BTC may hit double the mark of $200,000 by its 2025 peak. The current high of$1 million US Dollars prediction given separately by ARK Invests CEO Cathy Wood and former Coinbase executive Balaji Srinivasan do draw mixed opinions in the crypto community.

A “Price Curve” was created by combining data from the halving date and cycle tops and bottoms, as well as extrapolation of price data. These calculations showed that in line with the 2013, 2017, and 2021 cycles, the year 2025 may experience a “double top” in which BTC could peak over $200,000. On the other hand, the bearing market during this period can bottom out at around $50,000.

FilbFilb, however, firmly believes that the cycle peak for BTC will be slightly lower than the forecasted $180,000. He states that the declining trend of volatility and blow-off top trajectory plays a significant role in the overall global trend towards digital stores of value in aiding BTC bulls.

In conclusion, Filbfilb’s analysis on the crypto markets suggests that Bitcoin may reach as high as $200,000 in its next halving cycle, however, he still stands by his original prediction of the peak reaching $180,000. With this in mind, the coming halving cycle will be an interesting event to observe and will show the true potential of Bitcoin.



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