Latest Bitcoin price data suggests double top above $200K in 2025

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Bitcoin (BTC) is on track to hit $180,000 in the next halving, according to a longtime market participant.

new analysis Filbfilb, co-founder of the trading suite DecenTrader, went public on March 3, doubling down on its bullish BTC price outlook over the next few years.

Filbfilb Continues to Believe in Bitcoin Halving

With BTC/USD approaching $30,000, traders are highly skeptical of a rally in 2023 and predictions of a very high BTC price are not well received.

Two current $1 million predictions by ARK Invest CEO Cathie Wood and former Coinbase exec Balaji Srinivasan continue to be divided in the aftermath of the 2022 crypto winter.

Considering whether there are merits to either, Filbfilb turned to the raw math to determine Bitcoin’s possible macro tops and bottoms after the next block subsidy halving.

The halving, scheduled for the end of March next year, will again reduce the block rewards paid to miners by 50%. In his four-year cycle since the last halving, BTC/USD has shown a pattern of behavior that still holds true today.

“If we use the number of days since the Bitcoin halving (the new Bitcoin inflation rate halves); Bitcoin peaks 368-550 days after the halving and bottoms 779-914 days after the halving. ,” concludes Filbfilb.

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His analysis of generating so-called “price curves” shows that we may be able to get a rough idea of ​​where BTC/USD will go up and down in the next halving cycle.

“Combining the expected halving dates and days together with the extrapolation regression on the price data, we can predict where the Bitcoin price may peak and trough in future cycles.” he continued.

BTC price above $200,000?

So, similar to 2013, 2017 and 2021, 2025 should see a “double top” of Bitcoin above $200,000 twice.

RELATED: Bitcoin to Reach $200k Before $70k ‘Bear Market’ in Next Cycle – Prediction

According to our calculations, the corresponding bear market one-year low is around $50,000.

Filbfilb believes the overall global trend towards digital stores of value will help Bitcoin bulls, while acknowledging that price volatility and relative blowoff top trajectories will diminish over time. increase.

Nonetheless, he believes the next cycle will see a slightly lower high than the numbers suggest, around $180,000, which has already been used since February.

“I recently stated that $180,000 is my goal for the next cycle. I’ll stick to that for now,” he concluded.

The views, thoughts and opinions expressed herein are those of the author only and do not necessarily reflect or represent the views or opinions of Cointelegraph.