Bitcoin (BTC) is about to hit a new milestone, nearing the $98,720 target as predicted by analyst Crypto Con. The analyst, known for his accurate cycle top predictions in past bull markets, has provided an updated forecast for BTC’s trajectory.
His forecast points to Bitcoin’s price potentially surging past its current levels as the “Magic Bands” model adjusts for higher volume and more major price movements. The Cycle Top target now stands at $134,000, a level that is expected to rise rapidly as the market continues its bullish trend.
What you'll learn 👉
Bitcoin’s Current Market Position
Level 3 of the Magic Bands, a crucial resistance level that Crypto Con highlighted months ago, is getting closer to being reached by the price of Bitcoin. The market is exhibiting signs of stronger buying enthusiasm as Bitcoin gets closer to $98,720, and the analyst predicts that the impending surge will drive Bitcoin further higher.
According to the Magic Bands model, which monitors the price of bitcoin across several market cycles, BTC will rise quickly and may soon hit new highs.
Crypto Con notes that the expansion of the Magic Bands, driven by an influx of volume, indicates the potential for a significant price increase. As the market volume increases, the Cycle Top target continues to rise, with Bitcoin price expected to test $134,000 and potentially climb by thousands of dollars each week.
The analyst emphasizes that this could be the beginning of a long-term bull run, with major price increases expected over the next few years.
Cycle Top Prediction for Late 2025
Crypto Con’s long-term outlook for Bitcoin places the cycle top at the end of 2025. Unlike other analysts who may expect a quicker cycle top, Crypto Con has predicted a longer market phase, with prices continuing to rise gradually.
According to the analyst, this extended bullish cycle is likely to see many traders selling early out of caution, but for those holding on, there could be substantial gains ahead.
Crypto Con’s track record of accurately identifying cycle tops in 2013, 2017, and 2021 lends credibility to his predictions. Moreover, he suggests that a late 2025 top could follow a similar trend. Besides, his tweet serves as a reminder that Bitcoin’s full potential in this cycle may take longer to materialize.
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Bitcoin’s Future Price Trajectory
With BTC ascension toward the $98,720 resistance level, it is worth keeping an eye on. Moreover, with Bitcoin poised for further gains, the trajectory could take it toward the projected Cycle Top of $134,000.
However, the road to this target will have shifts, with the potential for price surges as the Magic Bands expand. Crypto Con encourages patience, reminding investors that while the market may experience periodic corrections, the overall trend points toward higher price levels in the long term.
The expansion of the Magic Bands and the steady rise in volume suggest that Bitcoin’s bullish phase is just beginning, with more substantial gains expected as the cycle progresses toward its 2025 peak.
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