How High Can Bitcoin Spike This Cycle? Aggressive BTC Surge Above $95K Expected Today—Here’s Why
Bitcoin market cap still has plenty of room to grow, according to an analysis shared by a crypto expert. Historical patterns suggest Bitcoin could be heading for a significant price increase in the coming cycle.
Ash Crypto notes on X that Bitcoin market cap has consistently peaked along a key trendline it has followed since 2017. During previous cycles, Bitcoin’s market cap hit around $330 billion in 2017 and $1.29 trillion in 2021, both touching the upper boundary of this established trend channel.
If Bitcoin follows this same pattern and reaches the upper boundary again in the current cycle, its market cap could potentially reach $6 trillion. Based on current supply and market conditions, this would translate to a price of approximately $304,000 per Bitcoin.
The analysis points to a bullish long-term outlook for Bitcoin, assuming it continues to follow historical price action. However, market dynamics, macroeconomic conditions, and regulatory factors could all impact the actual outcome.
Aggressive Spike For BTC Expected Following FOMC
Adding to the positive sentiment, crypto analyst Not Telling (@nottellingyou73) predicts Bitcoin will move up aggressively after the FOMC announcement today, potentially reaching $95,000 or higher. The analyst also expects alternative cryptocurrencies to see a huge rebound.
Read Also: Cardano Sees Record-High Positive Sentiment After SEC Announcement – 5 Reasons ADA Is a Good Buy
Not Telling recommends several cryptocurrencies they believe are undervalued at current prices, including Ondo (described as “great price here”), Plume (“it won’t get cheaper”), Morpho and Rndr (both called “stupid cheap imo”), suggesting these assets could perform well during the expected market upswing.
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