Bitcoin has recently shown an impressive performance, surging from $108,000 to over $117,000. However, experts caution of an imminent correction. What drives them to predict a peak at $150,000 within just 45 days ?
Euphoria is at its height in the cryptocurrency world as Bitcoin has recently experienced a strong surge, rising from $108,000 to over $117,000 today. However, analysts warn that this bullish trend could soon come to an end.
According to experts, Bitcoin could reach a peak between $140,000 and $150,000 in the next 45 days, before undergoing a significant correction. But what’s driving them to make such predictions ?
Examining Bitcoin’s history, we can see that the cryptocurrency has always experienced cycles of boom and correction. After the 2017 halving, BTC reached a peak in December of the same year before dropping by 84%. The same pattern repeated in 2021, with a peak of nearly $69,000 followed by a decline of 77%.
According to historical data, the next major peak could occur in late September or October 2025, approximately 1,064 days after the December 2022 bottom. This timing corresponds to the April 2024 halving cycle, suggesting a potential ceiling between $140,000 and $150,000.
If Bitcoin follows its usual pattern, a correction of 60 to 70% could occur after the peak, bringing the price back to $40,000 – $60,000. Although painful, this correction would be less drastic than those of previous cycles, indicating that the asset is gaining maturity.
With September traditionally being the weakest month for Bitcoin, investors must remain vigilant. Currently, Bitcoin’s price sits around $117,319, with a slight increase over the last 24 hours.
While excitement is palpable, analysts warn of a potential Bitcoin peak in the next 45 days, followed by a significant correction, though less severe than in the past. Nevertheless, these data might be obsolete as Bitcoin appears to be decoupling from these 4-year cycles, with reduced volatility and sustained institutional adoption.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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