BTC Price Forecast: $164K Heights by Early 2025, Predicts Time-Tested Model
CryptoNewsTerminal Staff14 Aug, 2024
BTC Price Forecast: $164K Heights by Early 2025, Predicts Time-Tested Model
An established price model, known for its accuracy in predicting previous Bitcoin bull market peaks, forecasts that BTC could reach $164,000 by January 2025. Sminston With, a Bitcoin price dynamics expert, analyzed BTC tops during the bull cycles of 2011, 2013, and 2017 to develop the "exponential decay fit" model. The model projects a potential price range of $164,000 to $233,000 for BTC by January 2025. Moreover, by Q4 2025, the model predicts a further price range of $200,000 to $288,000. Interestingly, the model aligns with physics-based models known as power laws, which have also indicated that BTC has yet to peak in this cycle. These power laws suggest a potential parabolic rise in BTC's price. While these predictions provide an optimistic outlook for Bitcoin, it's crucial to note that market conditions can be volatile and unpredictable. Investors should always exercise caution and conduct thorough research before making any investment decisions.
