CryptoCon, a popular trader and analyst, recently uploaded his latest BTC price estimates to X (formerly Twitter), predicting that Bitcoin (BTC) will hit $128,000 or more by the end of 2025.
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Multiple BTC price forecasts converge on $130,000 in 2025
CryptoCon has reported that Bitcoin market participants have different opinions on how BTC price will behave after the block subsidy halving next year, but the long-term outlook appears to be bullish. The analyst noted that the area around $130,000 is becoming a target for many models.
“I’ve been doing a lot of Bitcoin cycle top experiments lately, and I keep seeing right around the same price… 130k,” he summarized. The chart showed the “early” tops in each price cycle, and the actual cycle top which constituted a new all-time high.
It has been observed that the early tops, on average, occur three weeks on either side of July 9, and the new all-time highs come three weeks on either side of Nov. 28. The timing for these events is calculated by plotting simple diagonal trendlines from the first early top.
“Doing this has found the the price of the last two cycle tops exactly, and with our trend from last cycle, gives us a price of about 138k,” the post continued. The model predicts that the next cycle top should occur in 2025, which would be almost double the current record set in 2021.
As investors look to invest in Web 3.0, there are several questions they may have, such as how to buy Web 3.0 domains, how to build a Web 3.0 website, and how Web 3.0 is different from Web 2.0. There is also a history of Web 1.0, 2.0, and 3.0 that can be explored.
“History favors the bears”
Investors can look to four-year halving cycles for guidance in the Bitcoin market, as suggested by popular trader and analyst Rekt Capital. He believes the prehalving year of 2023 could bring about some new local lows before the bull market is in full swing.
Rekt Capital previously warned that the $32,000 highs seen earlier this year could result in a double-top structure, leading to a prolonged BTC price downturn. He stated that, “At this same point in the cycle (~180 days before the Halving)… BTC retraced -25% in 2015/2016 and -38% in 2019.” He added that any new lows should be seen as an opportunity for re-accumulation.
To understand the history of web 1.0, 2.0, and 3.0, and to learn how to invest in web 3.0, how it works, and how it differs from web 2.0, one can collect this article as an NFT. Doing so will help preserve this moment in history and show support for independent journalism in the crypto space.
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