Analyst: “My Target in Bitcoin is $130,000! But I Expect a Major Correction in BTC First!”

While Bitcoin rose above $ 43,000 after the withdrawal it experienced last night, investors are worried whether there will be a correction again.

At this point, the analyst named CryptoCon on X gave investors good and bad news for BTC in his post.

Stating that the good news is that Bitcoin will reach $ 130,000 in 2025, the analyst said that the bad news is that BTC may correct between 38% and 52%.

The analyst examining the LMACD indicator claimed that Bitcoin was on the verge of a notable pullback according to this indicator.

The analyst said he predicted that the possible correction in Bitcoin could be from its recent high of around $45,000 and could be between 38% and 52%.

If the correction that the analyst expects occurs, this means that BTC could fall to a level between $26,000 and $21,500.

The analyst also stated that he sees this correction as a chance for investors to enter Bitcoin at lower prices, and predicts that the correction will lead to a horizontal period that will last approximately 5 to 6 months.

At this point, the analyst added that he predicts that possible declines will stop in May 2024.

“About 2 weeks ago, I claimed that Bitcoin peaked at $45,000 and I still maintain that claim and await a correction.

According to the LMACD indicator, there may be a major correction in Bitcoin from 38% to 52%.

A 33% correction from the high would bring us to $30,000.

This correction may also bring a period of sideways movement that will last approximately 5-6 months. This means that Bitcoin will start to recover again after May 2024.”

Finally, the analyst stated that he expects Bitcoin to reach its all-time high in the November-December period of 2025 and said, “Everything is going well with the Bitcoin cycle! According to the Theory of Halving Cycles, we should expect a real cycle for +/- 21 days starting from November 28, 2025 “My Bitcoin price expectation on this date is around $130,000.” said.

About 2 Weeks ago, I made the claim that #Bitcoin topped out at 45k, and I am still sticking to it.

The LMACD adds another layer of confirmation with a cross of the Descending Cycle Mid-Top Trend.

So if this isn’t the cycle top, why does this matter?

The mid-top typically… pic.twitter.com/ex4J4edn5M

— CryptoCon (@CryptoCon_) December 26, 2023

*This is not investment advice.