Bitrabo Editorial
Analyzed by Cryptorphic, Bitcoin may reach a striking price of $156,000 in the current market cycle. The prediction is based on past patterns that suggest such a milestone is within reach for the leading cryptocurrency.
Predictions Point Towards a $156,000 Bitcoin by May 2025
In a post on X, Cryptorphic forecasted that Bitcoin could hit $156,000 by May 27, 2025. Drawing attention to Bitcoin’s price movements following previous halvings, he highlighted a consistent trend where no “red year” occurred after these events. Instead, Bitcoin demonstrated significant price surges in the years following each halving.
After the first halving in 2012, Bitcoin saw an 8,296% price increase, followed by a 288% rise after the second halving in 2016, and a 536% surge after the third halving in 2020. Based on this historical data, Cryptorphic predicts a 127% price increase this time, propelling Bitcoin from $65,415 (its price post-2024 halving) to potentially $156,000 next year.
Various analysts align with Cryptorphic’s forecast, with predictions ranging from $138,000 to as high as $170,000 for Bitcoin in the near future.
Bitcoin’s Journey to Potentially Reaching $81,000
Cryptorphic also anticipates a short-term surge for Bitcoin, estimating a rise to $81,000 imminent. Noting a breakout from a symmetrical triangle pattern, he suggests a potential upward momentum for Bitcoin. A breach above $73,000 could signal further gains, pushing Bitcoin towards the $81,000 mark.
However, a bearish scenario is outlined by Cryptorphic, warning that a price drop below $66,400 might lead Bitcoin to retest the $62,433 support level.
As of the latest data from CoinMarketCap, Bitcoin is currently trading around $67,700, marking a slight decrease of over 1% in the past 24 hours.