Bitcoin analyst eyes $180,000 by 2025 based on BTC price historical patterns
With Bitcoin (BTC) soaring above the $60,000 mark, the Bitcoin market has demonstrated a robust performance despite several supply pressures. A majority of market interest is now focused on the potential for a new record high. In a July 18 analysis shared by CryptoCon on X (formerly Twitter), Bitcoin’s traditional four-year price pattern is being examined for a potential shift. The analysis employs halving cycles theory and Fibonacci time zones to identify key levels hinting at a possible change in the asset’s cyclical behavior. Historical patterns and recent deviations Historically, Bitcoin has adhered to a consistent four-year pattern for 14 years. The Analysis provides a clear overview of Bitcoin’s price movements from October 2009 to July 2024, focusing on halving events and Fibonacci time zones. Picks for you ...