The post Bitcoin on Track for $150K Peak, Followed by Pullback appeared on BitcoinEthereumNews.com.

Glassnode analyst James Check predicts Bitcoin could reach $120,000-$150,000, mirroring its 2016-2017 market cycle.  Crypto traders anticipate a bullish 2025 with a potential market top in Q4. Bitcoin’s trajectory parallels the 2016-2017 market cycle, with Glassnode lead analyst James Check forecasting a potential price peak between $120,000 and $150,000 in the current bull run. A systematic evaluation from Glassnode indicates that Bitcoin maintains a distinctive pattern in its current movement, which closely imitates its market behavior from 2016 to 2017. The cryptocurrency operates inside a focused market consolidation zone resembling previous price patterns. The Bitcoin market price shows ongoing strength by maintaining the $104,120 level after exceeding $109,000 during its recent all-time high. Market Dynamics and Price Projections The analyst’s price projection finds that Bitcoin could enter a “topping cloud” zone between $120,000 and $150,000. Check warns that market stability will face difficulties when Bitcoin exceeds $150,000 because this shows speculative behavior that cannot last.  Current market data from Bitbo reveals compelling profitability metrics for Bitcoin holders. Data shows that short-term Bitcoin holders invested an average of $90,349, while the average purchase price for long-term holders amounts to $24,627. A potential price reach of $150,000 would translate to impressive returns—66% average profit for short-term holders and 509% average profit for long-term holders. Source Comparative Market Analysis and Trader Perspectives Various Bitcoin experts in the crypto market share multiple perspectives about the future direction of cryptocurrency. Strategic research from Bitquant cautions market watchers to refrain from advising Bitcoin’s peak has been reached because better gains could lie ahead. Understanding this approach reveals how unpredictable market dynamics work in practice. Another prominent trader, Braver, provides a nuanced prediction of the crypto bull run’s progression across 2025: Strong initial rally in the first quarter Anticipated macro cycle top in Q4 2025 Potential bear…

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Filed under: News - @ January 25, 2025 3:25 pm