- Bitcoin may trade sideways for a long period before hitting 6-figures, an analyst opined.
- The analyst also mentioned that the ETF approval may not lead BTC to a new ATH.
- Bitcoin’s market structure remained bullish and the coin may produce mid-term gains.
CryptoCon, the creator of the Halving Cycles Theory, has revealed that Bitcoin (BTC) might hit $130,000 by December 2025. CryptoCon, who also doubles as a technical analyst, noted that he came to the conclusion using the BitTime model.
On previous occasions, the BitTime model has offered insights into BTC’s movement. A summary of the model aligns with the thought that doubt or bearish bias might sometimes reinforce Bitcoin’s uptrend.
This model was instrumental to Bitcoin’s dominance in 2015. It also had a hand in the coin’s projected increase in the 2019 cycle. According to CryptoCon, the BitTime model has also provided some insights into Bitcoin’s short to mid-term performance.
In his post on X (formerly Twitter), the analyst mentioned that the coin might reach $47,000 or $48,000 soon. However, he also noted that BTC could hit a local top more or less 21 days before or after July 2024 aro…
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