- Worldwide monetary policy has been inflationary, and these can stimulate the demand for BTC
- A price target of $ 200K for Bitcoin before the end of 2025 can be a conservative estimate
While Bitcoin [BTC] The resistance zone of $ 109.6k tested again on Monday, July 7, this was confronted with a rejection. The price fell by 1.4%within 16 hours. Last week the $ 110k resistance zone was tested without success, which means that the price fell 2.77% to $ 107.4k. The price action in the short term indicated the consolidation and a spring solution before the next movement.
Bitcoin, who remains above $ 100k mark, has to fill investors with confidence. And yet questions about the wider acceptance remain relevant. CIO van Miller Value Partners recently commented on Bitcoin’s popularity at institutional investors. He noted that it is all a game of risk management for Tradfi.
Inflatory monetary policy means worldwide that Bitcoin would continue to appreciate in the long term. With the Bitcoin halving done in April 2024, the end of this cycle may be closer, although it is probably not at hand yet.
Hence the question – how much higher can the price go this time?
Bitcoin’s Rainbow Chart shares an optimistic prediction
With the help of a more conservative model of the Bitcoin Rainbow Chart called the Halve price regression (HPR), Ambcrypto tried to mark where the current Cyclustop could arrive. The HPR excludes the hype cycle and suddenly uses a non-linear regression curve based on BTC’s price on 3 half-dates.
BTC still seemed to be in a ‘buy’ zone. Based on the length of the previous cycle, we can expect the top of this cycle to arrive somewhere in Q4 2025. Assuming it is at the beginning of November, Bitcoin’s Rainbow Chart suggested that the price would be at least $ 157k, or even an optimistic $ 217k.
It is notorously difficult to predict when the cycle could find the top and what the price could be. In fact, another popular and reliable indicator, the Pi Cycle Top Indicator showed that the cycle cannot be near its peak anywhere.
The 350-day SMA X2, the purple line, should see a crossover in the 111-day advancing average. At the time of writing, the first (purple) was at $ 172k, while the last (cyan) was $ 97.7k. This suggested that if this indicator again fired a top signal, Bitcoin’s 111-day Ma would have to climb to at least $ 172k.
To stimulate the 111-day advancing average, the price of BTC must go even higher and remain higher. If the Bitcoin rainbow graph and the Pi -Cyclustop indicator turn out to be reliable again, we can see the price pushing far above $ 200k.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer