Optimism is once again strong in the crypto-asset sector, and analysts are broadly bullish when they look at Bitcoin's price charts. But $100,000 per BTC has become so much of a near-evidence that technical analysis specialists are trying to look beyond it... What could be the next peak, Bitcoin's new all-time-high (ATH)? For a start, Peter Brandt, a veteran trader and long-time technical analyst, sees a future high for Bitcoin in the range between $120,000 and $200,000 (with this upper bound clearly being his preference). And he predicts this next all-time high to be around August and September 2025. "With the push above the upper limit of the 15-month channel, the target for the current bull market cycle - scheduled to end in August/September 2025 - is raised from $120,000 to $200,000 per BTC. A close below last week's low [around $50,600] would negate this interpretation." - Peter Brandt
On the same day, crypto and equity market expert Gert van Lagen also saw a "parabolic trajectory" for Bitcoin. And like his fellow technical analyst mentioned above, he believes that BTC is well on its way to reaching (and even slightly exceeding!) $200,000. According to his technical model, which is based on bullish and bearish sub-waves, the crypto-asset leader's next bullish move could take it all the way to a final spike/pick at $210,000 (which would be a 'profit zone'). However, the analyst is very (very) optimistic about the speed - indeed, the violence - of this move. He sees it happening around May 2024, in the immediate aftermath of Bitcoin's next halving in 41 days' time.
Of course, all these forecasts should be taken with a grain of salt, as no one can predict the future. And it's also important to understand that: the more the price of Bitcoin tends to rise too violently, the more violent the speed and extent of its fall will be to correct this excess euphoria. If the enthusiasm for Bitcoin can be felt everywhere, a more spread-out rise would be healthier and more sustainable. And it would also be in line with the trend whereby the volatility of the king of cryptocurrencies seems to be decreasing in intensity over time, since its birth in January 2009.
