BTC price has been struggling since it hit a new all-time high at around $112,000. It has since then retraced a little and is now trading at $103,880 at the time of writing. An analyst has high hopes that the current downward move is only temporary and discusses how high Bitcoin price can go this cycle.
The analyst, known as Astronomer on X (@astronomer_zero), believes this current price zone around $103,000 marks the end of Bitcoin’s dip. According to him, the weekly close near this level was expected all along as part of a final shakeout before a massive leg up. He says this is where he would start getting involved in BTC again.
Final Dip Before the Big BTC Price Move
Astronomer explains that this recent slide in the BTC price isn’t a sign of weakness. Instead, he calls it a planned “final dip” that fits into a bigger bullish strategy. In his view, Bitcoin has entered the final accumulation zone before it explodes toward a massive $170,000 target.
He expects this push to begin soon. In fact, he says July is the first point where he’s allowing for price upside, with the latest window being six weeks out. That means the current price area could be one of the best entries before BTC starts its climb.
Interestingly, Astronomer is holding off on altcoins for now. He’s waiting for BTC to make its breakout move before scaling up his altcoin positions. He believes Bitcoin needs to lead the way and set the tone for the broader market. Until then, he’s sitting on the sidelines when it comes to altcoins.
According to him, patience is key. The current sentiment in the market is tilted toward fear, with bears celebrating every small 1% to 5% move down. But he warns that this is the kind of market mood that often shows up right before a big rally. In this case, he says the potential move is more than 60% up, which would take BTC from the current level to around $170,000.
Timing the Bitcoin Price Explosion
Astronomer is not giving an exact date, but his timeline suggests that Bitcoin’s big move could come anytime between early July and mid-August. That gives about a six-week window for BTC to transition from consolidation to rally.
He says this is a great time to start building positions gradually while the market is still quiet. He emphasizes that the key is sticking to the plan, and right now, the plan is unfolding just as expected.
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Even with the recent dip from $112,000 to $103,880, the BTC price remains in a strong long-term uptrend. If Astronomer’s prediction plays out, Bitcoin could jump more than 60% from here. That would not only be a massive gain for investors but could also trigger renewed interest across the crypto market.
For now, the focus is on the next few weeks. If the price holds around the current range and begins to show signs of strength, we may see the start of Bitcoin’s next major leg toward that ambitious $170,000 target.
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