View: BTC may reach $200,000 in December

Nakamoto 2025-9-18 15:14 11417人围观 BTC

A Crypto asset analyst on Block-1301X said that BTC has been rising in the past few months and may reach a peak of around $150,000 in the next 9 to 12 months. This bullish prediction hinges on BTC’s historical performance after breaking out of all-time h

Block-1301

A Crypto Asset analyst on
This bullish prediction hinges on BTC’s historical performance after breaking out of all-time highs, especially in 2017 and 2022.
BTC has been trending higher since October 2023, surging from below $25,000 to over $40,000.
In the first two weeks of March, BTC prices exceeded $70,000, hitting an all-time high of approximately $72,800.
However, this trend is not slowing down. Looking at the recent price action, BTC broke through $73,000 on March 12 and then continued this rise on March 13.

Technical analysts said that after rising on March 12, BTC is about to enter uncharted territory and a price discovery phase, ushering in a strong rise.
Although BTC prices have been fluctuating within a narrow range after sharp gains in Asian and European markets, the upward trend remains and there is still a chance for a bull market.
To solidify this bullish outlook, the analyst also pointed to historical cycles, specifically 2017 and 2021.
During both of these price swings, BTC saw significant gains after breaking out of its all-time highs. However, even when a breakout occurs, the rally peaks after 9 to 12 months.

The analyst pointed out that BTC soared by 1,300% in 2017, reaching a peak nine months later, once reaching a record high of approximately $20,000.
Likewise, in 2021, BTC climbed 250% 12 months after breaking out of the 2017-2018 high of $20,000 before peaking. By November 2021, BTC had rebounded to $70,000.
By comparing the current cycle with past cycles, the analyst believes that a peak may be reached within the next 9 to 12 months after prices fluctuated above $70,000 in early March 2024.
Notably, even taking a conservative approach and discounting bullish sentiment, BTC would rise to $150,000, a gain of 120%.
In the meantime, assuming buyer enthusiasm remains high and institutions don't slow down their current pace of buying, the asset could rise at least 200% from $70,000, taking its price to over $200,000.
However, only time will tell where BTC will reach in the coming months.
Currently, the vast Crypto asset community expects BTC to surge in the coming days, driven by institutional demand.
Additionally, people are more confident about the upcoming halving event, where the network will cut rewards in half.
Analysts expect this will create a scarcity crisis that could support prices.

The original text comes from Bitcoinist, compiled and compiled by Blockchain Knight. The English copyright belongs to the original author. For Chinese reprints, please contact the editor.

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