The prospects of Bitcoin reaching its all-time high have been gaining prominence lately, driven by significant factors such as the upcoming halving event and regulatory changes.
In an effort to determine Bitcoin’s next all-time high, cryptocurrency analyst CryptoCon, posted on X on September 22nd, emphasized that the asset may be exhibiting a pattern reminiscent of the 2015 market cycle, potentially paving the way for a new price record by 2024.
In his analysis, CryptoCon suggests that Bitcoin could achieve a new high in 2025, trading in the range of $90,000 to $130,000 USD. The analysis begins by observing what he calls the “early first top” for Bitcoin on July 13, 2023. He draws parallels with the 2015 market cycle when Bitcoin bottomed in August and began its price increase in November of that year.
Rather than expecting a “copy” of 2015, he suggests that a similar trajectory may be unfolding. CryptoCon labels this phase as the “green accumulation year,” with only two months left until this phase concludes. According to his analysis, the next important event to watch for is the “early top,” which he predicts will occur around 21 days from July 9, 2024, with a price target of approximately $48,000 USD.
He predicts that the “cycle top” of Bitcoin will happen around 21 days from November 28, 2025, with an expected price range of $90,000 to $130,000 USD, marking a new all-time high. Additionally, the analyst hints at another cycle bottom around 21 days from November 28, 2026, although he refrains from providing a specific price forecast for this event.
It’s worth noting that there are numerous predictions regarding Bitcoin reaching new highs, with the next halving event expected to be a significant catalyst. Additionally, there is hope for the potential approval of a Bitcoin Exchange-Traded Fund (ETF).
Furthermore, on-chain activities indicate the possibility of another price surge. Specifically, data shows that Bitcoin reserves on exchanges are approaching a six-year low. Initial checks suggest that the decreasing amount of Bitcoin stored on exchanges signals a bullish price trend, reflecting a strong market sentiment and anticipation of a price increase.
Due to factors like regulatory uncertainty, traders and investors may opt for self-custody, temporarily moving their BTC off centralized platforms and returning when conditions are more favorable.