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Cryptocurrency News Articles
Bitcoin (BTC) Price Could Peak in April or November 2025, Altcoin Holders Brace Yourselves
Oct 22, 2024 at 10:30 pm
Top crypto analyst Egrag Crypto has mapped out potential peak periods for Bitcoin, predicting its price could reach between $150,000 and $175,000
Top crypto analyst Egrag Crypto has charted potential peak periods for Bitcoin (CRYPTO: BTC), predicting that the apex of the next cycle could see BTC prices reach between $150,000 and $175,000.
The analyst's analysis, which is based on the four-year cycle pattern, suggests two key timeframes in 2025.
“Four-year from April 2021 = April 2025. Four-years from November 2021 = November 2025. What's so hard to grasp if you still believe in the power of the four-year cycle? If it's intact, April 2025 will be our first chance for BTC to top.”
The first critical timeframe, according to the analyst, is April 2025. The date marks four years from the bull run that began in April 2021, suggesting that, if the cycle holds, Bitcoin could reach new peak prices by this time.
However, if Bitcoin does not peak by April, Egrag suggests that November 2025 will serve as the next major opportunity for a top. This projection also aligns with the historical pattern, offering a backup timeframe for those banking on a continuation of the trend.
Egrag's analysis also highlights support, resistance, and moving averages, which provide further insight into Bitcoin's price movements.
The chart also indicates that, if Bitcoin continues to trade within the predicted ranges, it could reach support at around $100,000 and resistance at roughly $180,000.
The 50-day SMA, which is used to identify short-term trends, and the 200-day SMA, which indicates broader price movements, are also depicted on the chart. When BTC prices remain above these lines, it usually indicates bullish momentum, while prices dipping below could signal a bearish trend.
Potential Impact on Altcoins
The tweet suggests that if Bitcoin reaches its projected peak, altcoins could see substantial gains.
“Altcoin season will hit again after BTC four-year top (four-year halving cycle). Prepare for another epic wave of altcoin performance.”
This pattern aligns with previous market cycles, where altcoins surged as Bitcoin retraced after reaching new highs.
The cyclical nature of BTC's market behavior thus appears to play a crucial role for BTC investors and for those invested in altcoins.
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