Analyst: BTC's two-year target is $130,000

Multiple analytical models indicate that by the end of 2025, the price of BTC is expected to reach $128,000 or more.

Prominent trader and analyst CryptoCon uploaded his latest BTC price estimate to X (formerly known as Twitter) on Oct. 17, inferring a two-year target of around $130,000.

Multiple BTC price predictions show it will reach $130,000 by 2025

Bitcoin market participants are divided over how the bitcoin price will respond to next year’s halving, but for CryptoCon, the long-term roadmap looks firmly bullish.

In an update to various models that plot Bitcoin price cycles and its highs and lows, the analyst reiterated that the area around $130,000 is quickly becoming a magnet.

“I’ve been doing a lot of Bitcoin cycle top experiments lately and I keep seeing about the same price… $130k,” he concluded.

The accompanying chart highlights the so-called “early” tops in each price cycle, as well as the actual cycle tops that constituted new all-time highs.

CryptoCon explains that the early top occurred, on average, within three weeks of July 9. New all-time highs occurred within three weeks of November 28 — a phenomenon that has become common.

The timing of these events is determined by drawing simple diagonal trend lines from the earliest highs.

“Doing this has accurately found the price tops of the last two cycles, and based on the trend of the last cycle we get a price of around $138k,” the X post continued.

“I’m ready for the price to drop, but Bitcoin will hit $130k this cycle!”

BTC price model data. Source: CryptoCon/X

According to the model timing, 2025 should be the year when the next cycle top occurs, just under double the current record set in 2021.

'History favors bears'

Meanwhile, the four-year halving cycle provides guidance for many prominent Bitcoin market commentators.

Among them is popular trader and analyst Rekt Capital, who went on to emphasize that some new local lows could be seen before the 2023 halving before the bull run comes into full effect.

Previously, he warned that the $32,000 highs seen earlier this year could eventually form a double top structure, fueling a long-term downturn in Bitcoin prices.

“At the same point in the cycle (~180 days before the halving)…BTC retraced 25% in 2015/2016 and 38% in 2019,” reads one of his latest X posts.

“The only question is: Will history repeat itself? Or will 2023 produce something completely different? I’m a macro bull, but history favors the bears.”

Rekt Capital added that any new lows "should be viewed as opportunities to re-accumulate."