Expert Unveils Reasons Behind Bitcoin’s Unencouraging Price Action, Points to When a BTC Breakout Is Expected
The price of Bitcoin has been trading sideways since March, ranging between $70,000 and $50,000. This direction has been against many analysts’ predictions of a major bull run following the Bitcoin halving. Ash Crypto called this period the “boring phase.”
This phase, according to the expert, comes before and after the halving. In the last two crypto cycles, the “boring” phase happens within the range of 30 to 33 weeks. After this phase, the price started a parabolic move, reaching a new All-Time High.
What you'll learn 👉
When Will the Ongoing Boring Phase End?
If we are to follow the timings from the past cycles, Ash Crypto sees the cycle ending at the end of September. This suggests that October will be a strong bullish month.
In the past two cycles, BTC spiked by 2,300% and 445% respectively. With reference to that, Ash Crypto is predicting a conservative price of $180,000. He thinks that the price may also spike to $250,000 based on some of the factors below:
Read Also: Is Cardano Still a Relevant Cryptocurrency Amid Widespread Bearish Sentiment? ADA Price Analysis
- A United States president that is interested in and backs crypto.
- The United States adopting Bitcoin as a reserve currency.
- Russia using crypto for international trades. Countries under BRIC can also follow the same strategy.
- The possibility of China raising the ban on crypto.
Doge2014 raises 450K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +When Can BTC Reach a New All-Time High?
Based on history, BTC price has reached a new all-time high within 74 and 77 weeks after the halving. Going by this, we may see a cycle around September and October 2025.
Ash Crypto encourages investors to use this period to evaluate their holdings and accumulate more BTC.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
