Financial experts' bear market predictions rise, yet analyst remains steadfast, maintaining the ongoing bull market, and anticipating a new all-time high of Bitcoin at $116,000.
Amidst escalating calls for a potential bear market, seasoned analysts remain steadfast in their forecasts for Bitcoin's price. Contrary to the bearish sentiments, several experts anticipate a bullish recovery, with Bitcoin surpassing its current all-time high (ATH) of around $112,000.
After a period of fluctuation, Bitcoin reclaimed higher peaks, reaching $80,000. A bullish pattern has become apparent on the Bitcoin price chart, according to certain analysts. If a price breakout forms, this could pave the way for the predicted $116,000 ATH price.
One analyst, for instance, has been projecting a $116,000 ATH price and anticipates such a breakout could be imminent. The analyst points to a right-angled descending broadening wedge on the Bitcoin daily chart as evidence of a bullish outlook.
Meanwhile, another analyst has challenged the bear market predictions, citing the Bitcoin 200-week arithmetic and geometric means being close together for over a year as an indication of reduced volatility and a sustained uptrend. This steady rise has doubled the price of Bitcoin from $20,000 to $40,000 in 2023, and from $40,000 to $80,000 in 2024.
Should this trend continue, the analyst speculates that Bitcoin could reach $160,000 in 2025, $320,000 in 2026, $640,000 in 2027, and so on. Such a trajectory would signal the end of the four-year cycle earlier than anticipated, but could signify a maturing market. The analyst concludes that a true bear market can only occur after a genuine bull market, and as of yet, such a market has not materialized.
In the broader crypto market, predictions for Bitcoin's price stretch beyond its current ATH, driven by factors such as institutional adoption, limited supply, and technical patterns. However, it is important to note that market fluctuations and investor sentiment can significantly impact Bitcoin's price.
Cryptocurrency's price surge continues, with several analysts predicting Bitcoin will break its all-time high (ATH) of $112,000, reaching even $160,000 in 2025, and potentially rising to $640,000 by 2027, based on technology-driven patterns and institutional adoption. Meanwhile, finance experts contest the idea of a bear market, stating that Bitcoin's price stability and sustained uptrend indicate a maturing market rather than a bearish downturn.
