Data-driven Bitcoin Price Prediction.
Bitcoin is currently coasting just under its new all-time high, trading at $117,800.
Alts have started to slowly wake up too, and the air fills with anticipation as the market starts being driven by greed once again.
I’ve seen predictions anywhere between $120k to $500k and over, and I wanted to give my take on where the market, and naturally Bitcoin, is ultimately headed during this bull run.
Note that, at best, this is just an educated guess based on the available information and in no way an absolute target.
For our analysis, we’ll be mainly looking at:
- Market Data
- ETF Impact
- Political and other Macro factors
If we add resistance levels to previous all-time-high peaks, we’re looking at a trendline indicating a ceiling of around $120,000 for this run.
A few months ago, I posted this image:
The chart trendline explained that new cycle all-time-highs tend to happen in November, the year after the previous Bitcoin halving.
