💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Bitcoin's price trajectory predicted through 2026 by CryptoCon's Halving Cycle Theory

EditorRachael Rajan
Published 11/06/2023, 04:49 PM
© Reuters.
BTC/USD
-

CryptoCon, a prominent crypto analysis firm, has predicted Bitcoin's price trajectory using its Halving Cycles Theory and Trend Pattern Price model. Today, the firm shared that its model forecasts a Bitcoin cycle peak of $130,000 by November 28, 2025. The model also anticipates an early top around July 9, 2024, with prices ranging from $42,000 to $48,000.

The Halving Cycles Theory and Trend Pattern Price model incorporates Bitcoin's historical price trajectory and halving events into four distinct cycles: Green Year (accumulation period with best cycle buying prices), Blue Year (preparation phase revolving around the price median), Red Year (all-time highs), and Orange Year (bear market).

CryptoCon's model has proved accurate since its inception, demonstrating its reliability despite criticisms regarding cycle peak timings. The company remains confident in its predictions, which include an early top in the summer of 2024 and a cycle top within a 21-day window from November 28, 2025.

In addition to these peaks, the model also predicts a cycle bottom of about $27,000 within a 21-day range from November 28th, 2026. This prediction offers insight into potential market lows following the anticipated peak in late 2025.

At the time of reporting today, Bitcoin was trading at $35,229 amidst a progressing BTC bull pennant. CryptoCon's analysis provides valuable foresight for investors navigating the volatile cryptocurrency market. The firm continues to use color-coded cycles to represent different market phases and guide its predictions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.