- Bitcoin’s historical post-halving cycles suggested a potential top between June and October 2025, with projections nearing $200K.
- Technical indicators like MACD and Bollinger Bands showed bullish signs, but traders should remain cautious of potential reversals.
Bitcoin [BTC] closed above $64,000 on Monday after a week of upward momentum driven by encouraging signals from the U.S. Federal Reserve.
Investors responded positively to remarks from Fed Chairman Jerome Powell, who confirmed plans for an interest rate cut in September.
This bolstered sentiment in both traditional markets and the crypto space.
The recent rally helped Bitcoin recover some losses from previous weeks, though it still experienced a slight dip of 1.40% in the last 24 hours.
Despite this, Bitcoin remained up 3.15% over the past seven days, with a market cap of approximately $1.23 trillion, per Coingecko.
Historical post-halving patterns
Bitcoin traders and analysts have been closely watching the Bitcoin’s price performance following its most recent halving event.
Previous cycles have shown a pattern where Bitcoin’s price peaks several months after each halving.
For instance, after the 2013 halving, Bitcoin surged over 9,500%, reaching its peak 406 days later. The 2017 cycle saw a 4,100% increase, with a peak occurring 511 days post-halving.
In 2021, Bitcoin rose by 636% before topping out 546 days after the halving.
According to crypto trader Mags, this cycle may follow a similar trajectory, with the next peak expected between June and October 2025.
The projection is based on historical data, indicating that Bitcoin could reach a top between 400 and 550 days from now.
Even with more moderate growth, such as a 300% rise, the cryptocurrency could approach the $200,000 mark within this period.
Bullish momentum ahead?
Technical indicators suggest that Bitcoin may continue its upward trend in the near term.
The Bollinger Bands revealed that Bitcoin’s price moved towards the upper band, indicating potential overbought conditions around the $63,000 level.
The Moving Average Convergence Divergence (MACD) has recently crossed bullish, with the MACD line rising above the signal line.
This suggested that upward momentum could continue, as confirmed by the histogram turning green.
However, traders should be cautious, as a reversal is still possible if bullish momentum weakens in the coming days.
Market sentiment remains optimistic
Bitcoin’s market sentiment appeared to be mostly positive, supported by on-chain data and exchange signals.
Press time data showed that 89.24% of Bitcoin addresses are “In the Money,” meaning the majority of holders were in profit.
Only 7.30% of addresses are “Out of the Money,” reflecting a generally profitable position for Bitcoin investors.
Read Bitcoin’s [BTC] Price Prediction 2024–2025
The overall market signaled a “Mostly Bullish” outlook, with three bullish indicators and four neutral ones.
The Futures market, however, remained neutral, suggesting that while optimism was high, traders were adopting a cautious approach as they await further developments.
Source: https://ambcrypto.com/will-bitcoin-reach-200k-in-2025-what-this-btc-prediction-says/