Crypto analyst EGRAG has highlighted the importance of Bitcoin's four-year cycle in predicting price movements. The analyst suggests that April 2025 could be a significant moment for Bitcoin, potentially marking a new peak based on the cycle. Comparisons to previous cycles indicate that Bitcoin could reach its cycle peak in April 2025, followed by altcoin rallies and retracement. Egrag Crypto predicts a potential top between $150,000 and $175,000. Market analyst Sina introduces a price action model that divides Bitcoin's potential price movements into three zones: cold, warm, and hot. Sina suggests accumulating during the cold zone, which is currently between $55,000 and $85,000, and gradually accumulating during the warm zone, which spans $85,000 to $136,000. Sina's analysis predicts a possible peak of $285,000 before the end of the bull run. Strategist Michaël van de Poppe notes an increase in whale activity, indicating that major investors are taking advantage of current price levels. Van de Poppe suggests that continued whale involvement could drive Bitcoin to targets ranging from $300,000 to $500,000.
- Content Editor ( thecryptobasic.com )
- 2024-10-22
Analyst Uses Bitcoin Four-Year Cycle to Set Timeline for $150K-175K Peak