Analyst Uses Bitcoin Four-Year Cycle to Set Timeline for $150K-175K Peak

Crypto analyst EGRAG spotlights Bitcoin four-year cycle, predicting massive price movements that could lead to the market top next year.

Bitcoin, the largest cryptocurrency by market cap, recently dipped to a multi-day low of $66,500, marking a 0.57% decline in 24 hours. However, it rebounded to $66,887.72, showing resilience and reflecting a 1.67% gain over the past week.

The price fluctuations have prompted notable crypto analysts to weigh in on Bitcoin’s potential trajectory over the coming years, with many discussing the implications of the four-year cycle.

Egrag’s Bitcoin Prediction

Analyst Egrag Crypto recently noted the importance of Bitcoin’s four-year cycle in predicting potential price peaks. He suggests that April 2025 could be an important moment for Bitcoin, marking the first opportunity for a new peak based on the cycle’s structure. 

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The analyst drew comparisons to previous cycles, including April 2021 and November 2021, which serve as baselines for projecting future peaks in April and November 2025. 

If the pattern persists, Bitcoin could potentially hit its cycle peak in April 2025, followed by significant altcoin rallies and eventual retracement. Egrag Crypto further anticipates a possible top between $150,000 and $175,000.

Quantile Regression Model

On the same day, market analyst Sina introduced a price action model that segments Bitcoin’s potential price movements into three distinct zones: cold, warm, and hot. The current trading range between $55,000 and $85,000 represents the cold zone, where Sina encourages accumulation as Bitcoin remains in its lower range. 

The warm zone, which spans between $85,000 and $136,000, indicates growing momentum and increasing retail interest. During this phase, gradual accumulation through dollar-cost averaging is recommended, given the potential for rapid price gains.

Sina’s analysis also points to a possible peak of $285,000 before the end of the bull run, driven by strong bullish momentum.

Rising Whale Activity 

As Bitcoin fluctuates near its all-time highs, notable strategist Michaël van de Poppe observed a surge in whale activity. The trend suggests that major investors are capitalizing on the current price levels. 

Van de Poppe indicates that continued whale involvement could propel Bitcoin to targets ranging from $300,000 to $500,000. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Source: https://thecryptobasic.com/2024/10/22/analyst-uses-bitcoin-four-year-cycle-to-set-timeline-for-150k-175k-peak/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-uses-bitcoin-four-year-cycle-to-set-timeline-for-150k-175k-peak