Bitcoin price may see its second position massive explosion in the current market cycle, as is the case with a crypto analyst predicted a peak over $150,000 for the pioneering cryptocurrency. This bullish forecast comes on the heels of Bitcoin’s previous all-time high (ATH) this month crossed the $75,000 mark.

Bitcoin price peak above 150,000. dollars

In 2024 alone, Bitcoin reached three major all-time highs, representing a historic step for the cryptocurrency. In early March, cryptocurrency exceeded the level of $73,000hitting the novel ATH. Days after the United States (US) presidential election in November, the cryptocurrency exceeded expectations with a massive surge to an ATH above $75,000. Today, Bitcoin just hit a novel ATHsurpassing the price level of $77,000.

Each of these ATHs was primarily influenced by various market factors, and the March high price was driven by the launch and growing demand for Spot Bitcoin ETF and November ATH triggered by the following market sentiment The re-election of Donald Trump as the 47th president United States.

Given these major market moves, a crypto analyst identified as Titan of Crypto on X (formerly Twitter) stated released Bitcoin’s second most critical breakout in this market cycle. We provide a detailed chart Bitcoin price movements from 2013 to present, the analyst highlighted the projected path for BTC to reach a market peak above $160,000.

The analyst predicted it Bitcoin price could grow between $160,000 and $230,000 by 2025. Titan of Crypto based this bullish prediction of Bitcoin’s market peak on the cryptocurrency’s historical price action.

Based on the chart, the analyst showed that Bitcoin achieved a “second breakout” between 2016 and 2018, which led to a price raise of $12,679. Similarly, in the next market cycle, Bitcoin achieved another second breakout in 2019–2021, causing the price to rise to $50,509.

With the same breakout pattern in the current market cycle, Titan of Crypto has set Bitcoin’s next bullish target and the price peaked at over $160,000. This significant raise represents a 109% raise over the current price of $76,559 and a 107% raise over the current ATH.

The analyst claims that the price of Bitcoin will reach 100,000 in December. dollars

Cryptocurrency analyst Trader Tardigrade also did this revealed bullish Bitcoin price forecast for X. Comparison chart presentation Bitcoin price action in 2023 and 2024; the analyst noted that BTC is on track for significant pumping as it mirrors the bullish moves seen in the previous year.

Based on past trends, Trader Tardigrade predicted this Bitcoin will reach $100,000 by early December 2024. In his price chart, the analyst highlighted Bitcoin’s potential price raise above $180,000 by 2025.

Featured image from Forbes, chart from TradingView