Bitcoin Price hits $71,000, Will It Keep Rising?

Bitcoin (BTC) has shown incredible resilience after last week’s crash belwo $65,000. This dip seems to have attracted large buyers, leading to a quick and explosive recovery. Now that the key $70k resistance level has been smashed, investors wonder what’s next for Bitcoin price?

Bitcoin Price Hits $70K, What’s Next For BTC?

With Bitcoin price less than 5% away from its all-time high (ATH) of $73,777, it is clear that the bull run is back on track. A push through the ATH could see an explosin of altcoins and attract massive capital back to cryptocurrency landscape. While many investors believe that 2025 is a good year for BTC, they are still weary of going all-in due the US presidential election results on November 5 and how that could impact cryptocurrencies albiet in the short-term.

So to answer the question – “What’s next for BTC?” It’s simple, a full-fledge bull run is what’s next.

The $70,000 psychological level was a major hurdle that prevented BTC price from moving higher for the past eight months. If Bitcoin manages to stabilize above this critical level, it will most likely resume the bull run that began in 2023.

Predicting Next Bitcoin Price Tops Using Mars-Vesta Cycle

The Mars-Vesta Cycle theory proposes that financial market cycles are influenced by celestial alignments. This theory indicates that Bitcoin’s price fluctuations adhere to a recurring 3.84-3.90 year pattern, close to BTC’s popular four-year cycle.

Here are some key findings from a previous CoinGape article that outlines Bitcoin price prediction.

• This theory pinpoints the  exact duration of Bitcoin’s cycle that is 3.9 years. It also allows to market critical milestones in Bitcoin’s market journey.

• The Mars-Vesta conjunctions accurately predict all-time highs and lows, offering valuable insights for investors.

• Based on this thesis, October 6, 2025, is when Bitcoin price could form a peak for the ongoing cycle..

• And the next cycle’s low could form on November 2, 2026, signaling a pivot for the next cycle.

While the Mars-Vesta Cycle has accurately predicted the cycle top and bottom dates, it does not provide the price levels. For this we can defer to industry veterans.

Industry Veterans Predict How High BTC Price Can Reach

Peter Brandt, a well-known industry veteran, has forecasted six-digit target for Bitcoin price multiple times. In a recent X post on September 1o, Brandt highlighted that a breakout from the ongoing consolidation could propel BTC to $150,000.

While this long-term forecast might take a while to acheive, Brandt’s recent X post notes two targets. The first target is $94,000 and is obtained by using BTC’s triangle pattern on semi-log scale. The second target, which is much higher, is roughly $220,000 and is dervied by “projecting the November 2022 low to March 2024 high upwards from Aug 2024 low as shown also on log scale”

With the crypto markets turning optimistic after Bitcoin’s $71k retest, investors could become extremely bullish, but managing risk is key. As the US presidential elections nears an end, it could create a lot of volatility generating whipsaws and trigger massive liquidations.

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Akash Girimath

Akash Girimath, an engineer by training, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to notable platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role involves providing insightful market analysis and keeping readers informed about the latest trends in the crypto world. Follow Him on Youtube , X and LInkedIn

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.