X’s analysts have identified a timeline to purchase Bitcoin below key level amid growth potential.
Bitcoin prices have fluctuated between $105,000 and $109,000 over the past week. Currently trading at $106,952, Bitcoin shows signs of bullish trends despite experiencing significant price fluctuations.
As the crypto market remains unstable, Leo Heart, author of Bitcoin Rainbow Wave, presented new insights into Bitcoin’s potential price trajectory.
Logarithmic regression and the growth of Bitcoin
heart analysis It relies on a rainbow-colored logarithmic regression model designed to highlight the exponential price movement of Bitcoin over time. This model tracks the price movement of Bitcoin after each harving event that occurs approximately every four years. Historically, Bitcoin prices have risen significantly after half of the time.
For example, halfway through 2012, Bitcoin prices jumped from around $14 to over $1,000. Similarly, halfway through 2016, by the end of 2017 it had surged from $600 to nearly $20,000. In half of 2020, by the second half of 2021, Bitcoin had exceeded $67,000.
Bitcoin price range predicted
Meanwhile, the current period following half of 2024 (H4) indicates that Bitcoin is heading towards a higher price level.
The chart also includes colored regression bands that represent different price ranges. These bands reflect the price movement of Bitcoin within a certain range, with the lower bands usually representing an undervalued period and the upper band representing an overvalued period.
Bitcoin has historically moved between these bands, often returning to average, helping these bands to predict future price behaviors.
According to forecasts by 2029, Bitcoin Price It ranges from $122,372 to $509,090, indicating a significant increase from current levels. In particular, Bitcoin should jump around 14.4% from its current price, reaching $122,372.
Analysts also point out that until the end of 2028, you can only purchase Bitcoin for under $120,000. This could likely be that before that, Bitcoin prices are likely at the bottom of the regression zone, and later spike in the historic post-harning range.
When asked about Bitcoin prices until the end of 2027, Leohart said current price levels could last until fall 2028. Regarding the end of 2025, he predicts Bitcoin Prices range from $137,000 to $165,000.
Analysts’ expectations for Bitcoin price in 2025
In addition to Hart’s long-term forecast, Crypto Asset Manager Bitwise is optimistic about Bitcoin’s short-term outlook. June 30th with Bitwise executives Ryan Rasmussen and Matt Hogan. Reconfirm Bitcoin is projected to reach $200,000 in the next six months.
They attribute this optimism to the growing institutional demand for Bitcoin, recent advances in US cryptographic law, and increased interest in stable ones. According to analysts at Bitwise, these factors are expected to drive key price actions.