Future

Bitcoin

<ul> 
 <li>Technical Analyst CryptoCon, in his analysis of the halving cycle of BTC, explained that Bitcoin’s (BTC) trend model price is following the green line.</li> 
 <li>Comparing one peak with two peaks afterward, CryptCon found that these angles decreased by almost half, at -29.16.</li> 
 <li>BTC has shown a strong performance in the last seven days. In the first five days, BTC consolidated. However, there was a slight increase from $26,240 to $26,800.</li> 
</ul> 
The famous analyst made predictions about the future by examining historical data in Bitcoin: how much can BTC rise in 2025? 
<h2 id="strong-future-direction-of-bitcoin-price-strong">Future Direction of Bitcoin Price</h2> 
<img decoding="async" loading="lazy" class="alignnone size-full wp-image-126549" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"> 
Technical Analyst CryptoCon, in his analysis of the halving cycle of BTC, explained that Bitcoin’s (BTC) trend model price is following the green line. According to the analyst, this trend line has been drawn from a cycle bottom to an estimated peak in November 2025, reaching $130,000. Moreover, CryptoCon believes that BTC has the potential to reach $145,000 by December 2025. 
CryptoCon found some useful correlations and partnerships by comparing peaks with peaks and peaks with troughs. The first observed commonality was that the angle decreased from 39.21 to 10 when comparing peak to peak. This common factor was approximately halved (divided by 2). Therefore, the analyst predicted that the next angle would be 5. 
Additionally, when comparing one peak with two peaks afterward, CryptCon found that these angles decreased by almost half, at -29.16. Therefore, according to the model, the analyst predicted that the next angle would be 7. 
<figure id="attachment_128748" aria-describedby="caption-attachment-128748" style="width: 100%" class="wp-caption alignnone"> <a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" class=" td-modal-image wp-image-128748 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=696%2C433&amp;quality=70&amp;ssl=1" alt="Bitcoin-Trend-Pattern-Price-Model" width="696" height="433" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=300%2C186&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=1024%2C637&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=768%2C477&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=1536%2C955&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=2048%2C1273&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=150%2C93&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=696%2C433&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=1068%2C664&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?resize=1920%2C1193&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Trend-Pattern-Price-Model-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a> 
 <figcaption id="caption-attachment-128748" class="wp-caption-text">
 Bitcoin Trend Pattern Price Model 
 </figcaption> 
</figure> 
<h2 id="strong-what-s-the-current-situation-with-bitcoin-price-strong">What’s the current situation with Bitcoin price?</h2> 
BTC has shown strong performance in the last seven days. In the first five days, BTC consolidated. However, there was a slight increase from $26,240 to $26,800, but it was short-lived. Then, on the fifth day, BTC jumped from $26,500 to $27,228 and consolidated between $26,500 and $27,250. BTC then jumped again and is trading at $28,085 as of the current press time. 
When analyzing the charts, it appears that BTC is retracing its behavior from the beginning of 2023. Therefore, it can be said that if the return of the 2023 model is confirmed, BTC could rise above $31,500. If the bears pull back BTC, it could drop to near $25,750. Therefore, it might be helpful to check the accumulation and distribution line (ADL) for BTC to ensure the bears are not in control. 
ADL is moving upward and shows a value of 10.748M, meaning more people are accumulating. This also implies there is volume behind BTC’s price. Hence, there might be a good period ahead for BTC. 
The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/can-bitcoin-reach-145000-renowned-analyst-explains/">Can Bitcoin Reach $145,000? Renowned Analyst Explains!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.

Can Bitcoin Reach $145,000? Renowned Analyst Explains!

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