Cryptocurrency analyst Cryptorphic predicted that Bitcoin could surge up to $156,000 in this market cycle. The analyst mentioned it historical trends to prove why the flagship cryptocurrency can easily reach this price target.
Bitcoin will reach $156,000 by May 2025
Cryptorphic listed in X (formerly Twitter) post that “Bitcoin could hit $156,000 by May 27, 2025!” To support his prediction, he later highlighted the price action of the flagship cryptocurrency previous halvings and noted that there was never a “red year” after these historic events. Instead, it is known that a year later the price of BTC increased significantly every halving.
Bitcoin is said to have seen a price augment of 8,296% one year after the first halving in 2012, a price augment of 288% one year after the second halving in 2016, and a price augment of 536% one year after the third halving in 2020, according to this Cryptorphic predicts that this time the BTC price will see a 127% augment from $65,415 (its price during Halving in 2024) to as much as $156,000 next year.
Cryptorphic’s predictions are in line with other price predictions made by various cryptocurrency analysts. This includes Skybridge Capital CEO Anthony Scaramucci forecast that BTC will rise to as much as $170,000 18 months after the halving. Recently, Mikybull Crypto cryptocurrency analyst listed between $138,000 and $150,000 as “optimal targets for Bitcoin in this bull market.”
Meanwhile, Bitcoin could even rise above Cryptorphic’s $156,000 price target as May 2025 is unlikely to be when Bitcoin’s price peaks in this running of the bulls. Rekt Capital cryptocurrency analyst he mentioned that Bitcoin will peak sometime in September or October next year if it manages to consolidate much longer now and re-sync with previous halving cycles.
Pseudonymous PlanB cryptocurrency analyst predicted that $1 million could be the highest amount for BTC in this market cycle. He made this prediction while revealing that $500,000 is the average BTC price level in this bull market based on the Bitcoin Stock Flow (STF) indicator.
Meanwhile, Bitcoin could reach a price of $81,000
It has cryptographic properties predicted that Bitcoin could soon rise to $81,000. He mentioned that the flagship cryptocurrency recently broke out behind symmetrical triangle, which indicates a potential growth impulse. According to him, a cross the $73,000 mark could mean further gains for BTC as it approaches $81,000.
Meanwhile, he also presented a bearish narrative for BTC, stating that a price breakdown under $66,400 could cause the crypto token to retest the $62,433 level.
Bitcoin is currently trading at around $67,700 as of this writing, down over 1% in the last 24 hours. data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
