The election of Donald Trump as US President had a positive impact on the cryptocurrency markets. However, Trump did not bring up cryptocurrencies at his oath ceremony, Bitcoin $102,590.7 caused a small correction in prices. The newly presented Bitcoin model revealed the current status of BTC in its bull journey.
Review of the New Bitcoin Model
The new Bitcoin model is based on the four-year cycle of this digital currency. This process, known as the halving event, creates a shock to supply by reducing the mining reward. The model consists of four stages that explain the Bitcoin bull journey. The first phase is the accumulation period and indicates the market bottoming out. The following phase is the breakout and early bull market. This phase marks the completion of the first half.
Analysis of Historical Trends
The Bitcoin model analyzes past trends in 2012, 2016 and 2020 and compares them with the current market. This comparison highlights similarities and provides insights into possible trends and price patterns. The model predicts Bitcoin price movements using geometric mean and standard deviation. According to the predictions made for 2025, the BTC token has completed half of its bull journey and shows steady progress on the chart.
No one can predict Bitcoin’s price, despite claims otherwise. We can only analyze current trends and study models showing possible future movements. These tools show possibilities, not guarantees – which is why following a plan is crucial, says Ted Boydston.
What Does It Mean That Bitcoin’s Bull Ride Has Been Halfway?
Today, Bitcoin is trading at $102.5K, a slight correction from yesterday’s ATH peak of $109.1K. The correction occurred with Donald Trump’s inauguration event and is expected to settle over time. Despite the correction, the Bitcoin bull journey chart shows that the token is in the upper middle of the standard deviation bands. According to the BTC model, the bull ride is halfway through and has now entered the maturation phase. The next step is to reach the euphoric peak attributed to cycle peaks.
Overall, this Bitcoin pattern predicts the possibility that the price will continue to rise and test higher standard deviation bands. According to the analysis, the BTC bull ride peak may reach by the end of 2025 and the price may reach $300 thousand or higher based on historical trends.
However, the cryptocurrency and the entire market may experience higher volatility as it approaches its speculative peak. Therefore, investors are advised to monitor macroeconomic events and key support and resistance levels to manage this cycle successfully.
Future Prospects
This Bitcoin model analyzes past trends with geometric mean and standard deviations based on the halving cycle and shows that currently BTC is in the maturation stage. The model predicts that the peak of the Bitcoin bull ride will occur by the end of 2025. If this happens, Bitcoin could double its current high and reach the $300,000 target. However, the journey may not be smooth; There is fear of a price drop and due to the phases of the cycle there may be a major consolidation.
Warning: BTC and cryptocurrency predictions may not always be accurate due to market unpredictability. This model prediction is based on computational analysis of the possible bull run. Investors need to do their own research.
This news was published on CoinGape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
