IMPORTANT POINTS:
- Bitcoin shows bullish trends, aiming to surpass $40,000.
- Analysis predicts a possible price of $94,000 for Bitcoin by the end of 2025.
- External factors such as inflation and geopolitics can influence the cryptocurrency market.
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Bitcoin (BTC) is currently dominated by bullish sentiments, with the leading cryptocurrency aiming to reclaim the $40,000 mark in its quest for a new all-time high.
In fact, a significant portion of the market expresses confidence that Bitcoin is poised to hit new highs, supported by factors such as the upcoming halving event and the potential implementation of the first spot Bitcoin Exchange Traded Fund (ETF) in the United States.
In this case, cryptocurrency analyst CryptoCon shared what he called ‘the most accurate log regression curves’ for Bitcoin in a post on X on November 24. The analysis sheds light on the historical performance of these curves and provides intriguing predictions for the next cycle top, expected in late 2025.
According to the analysis, investors should expect a possible Bitcoin price of around $94,000, a price target he considered conservative. He noted that until now, the crypto community has been in the dark about what log regression curves could reveal for the next cycle top.
“The most conservative target is layer 5 at 94k, it seems very unlikely that the entire red band will fail in this cycle, so one of these targets is intended to be accurate.”
Based on the analysis, if the target of $94,000 is not reached, Bitcoin faces a possible price rise to $130,000 or $180,000.
The analyst suggested a range-wide failure in the current cycle is unlikely. This sentiment leads to the conclusion that at least one of the objectives presented will probably be accurate.
Historical accuracy
Highlighting the historical accuracy of the model, CryptoCon noted that it successfully predicted both peaks in 2021. As a testament to its reliability, the analyst shared personal experience, using the model to sell coins at $54,000 in April of that year.
The analyst agreed with the estimate of $130,000, providing a specific time frame of plus/minus 21 days from November 28, 2025. This prediction aligns with Halving’s Cycle Theory, adding a layer of forecast analysis.
Bitcoin’s current trajectory is predominantly influenced by the ongoing speculation regarding the approval of an ETF in the United States. With major players like BlackRock ( BLK ) showing interest in this product, there is widespread speculation about its potential to attract institutional investors.
According to one report, data suggests that the approval of a potential ETF has the potential to unleash a $70 billion capital influx. In fact, the most recent gains saw Bitcoin surpass $38,000 before experiencing a slight pullback. However, overall sentiments suggest that the asset is poised to break the $40,000 resistance level.
Bitcoin Price
At press time, Bitcoin was trading at $37,731, reflecting a daily gain of more than 1.5%. On the weekly chart, Bitcoin has seen an increase of around 4%.
Despite the prevailing excitement around the ETF and the halving event, it is important to note that Bitcoin remains susceptible to various external factors, such as inflation and geopolitical elements. These additional influences may impact the cryptocurrency market in unexpected ways, highlighting the need for a comprehensive understanding of the broader economic landscape.
