CryptoCon, a Bitcoin Technical Analyst, has recently shared a Twitter thread presenting bold predictions for Bitcoin’s price performance in the upcoming cycle. The focal point of the discussion is the Gann Square, a tool used to forecast potential price levels.
According to CryptoCon’s analysis, Gann Square indicates two plausible scenarios for Bitcoin’s peak in the current cycle: $89,000 or $135,000. To arrive at these estimates, they employed the blue 2×1 fan as a fair value reference line and marked the end of the cycle on November 28th, based on the Halving Cycles Theory.
Remarkably, CryptoCon’s approach has predicted both Cycle 1 and 3 tops at Gann Square level 4. However, Cycle 2 deviated slightly, surpassing Level 5.
With the fair value line likely established for the current cycle, CryptoCon offers two predictions for Cycle 4: $135,000 and $89,000. The $135,000 prediction aligns with both the N28CT price model and the Trend Pattern Price model, while the $89,000 projection slightly exceeds the 5.3 diminishing returns theory.
Furthermore, CryptoCon introduced Steve’s 5.3 Bitcoin Theory, which posits diminishing returns of 5.3 times from bottom to top each cycle. According to this theory, the next cycle’s peak would be around $77,000, a figure derived from rigorous mathematical analysis.
However, CryptoCon emphasizes that returns from cycle bottoms to tops are not precisely 5.3. In fact, they have historically averaged 5.31. This discrepancy implies a range of possible outcomes:
– Lowest Cycle Top: $73,522
– Average Cycle Top: $77,122
– Highest Cycle Top: $81,675
CryptoCon acknowledges that these numbers might not be as high as some would hope. To reach a more optimistic target of $100,000, Bitcoin must experience a significantly reduced rate of diminishing returns, challenging established patterns.
Bitcoin: Alternative Models
CryptoCon also discusses other models, such as the Trend Pattern Price Model, which forecasts a Bitcoin price of $130,000 by November 2025 and potentially $145,000 by December 2025. Targets above $100,000 may indeed be achievable.
Another model, the N28CT Price Model, aligns with CryptoCon’s November 28th Cycles Theory, offering predictions for cycle tops and bottoms. According to this model, the cycle top 2025 is forecasted at $140,000, with a subsequent bottom in 2026 at $27,000.
While these price predictions may be dissatisfying for some, CryptoCon advises caution. He encourages using data from multiple sources to form well-informed conclusions and stresses that price targets should be seen as speculative possibilities rather than financial decisions.
Nevertheless, CryptoCon’s comprehensive analysis offers a range of potential Bitcoin price scenarios for the upcoming cycle, shedding light on the intricacies of Bitcoin’s market dynamics and the various factors that can influence its price trajectory. The future of Bitcoin remains uncertain.
Related Reading | Bitcoin’s Historic Milestone: Over 50% of Supply In The Hands Of Long-Term Holders