Bitcoin’s recent breakout confirms a classic bullish continuation pattern, leading to a strong upward. This has led some analysts to predict that we could see the price of Bitcoin skyrocket in the early stages of 2025
Master Kenobi on X said that the Bitcoin price appears to have exited what can be described as a hidden distribution phase lasting 37 days. The price structure and the daily Relative Strength Index (RSI) show similarities, as the crypto analyst explains using connected key points on the chart, noted as A1 to A2 and B1 to B2.
What stands out in this analysis is the symmetry between the previous and current sequences. The initial 37-day duration exhibits a striking resemblance, leading analysts to speculate that the forthcoming 51-day sequence might follow a similar trajectory.
Historical Patterns Point to $200K by April 2025
The analyst drew a path forward for Bitcoin price based on historical behavior and current market structures.
Kenobi’s analysis hinges on historical sequences that have shaped Bitcoin’s price trajectory. He noted a pattern from last year, where a more pronounced 62-day rally followed an initial 88-day growth cycle.
By mirroring these sequences, Kenobi anticipates that Bitcoin price will first reach a peak of around $124,000 by January 31, 2025. He expects a subsequent rise, culminating in the potential $200,000 milestone by April 3, 2025.
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He indicated that if the bullish momentum builds as expected, the $200,000 mark could even be surpassed, fueled by investor euphoria and market optimism. The next few months will be critical in determining whether this scenario will materialize.
