{"id":40229,"date":"2025-01-30T09:38:06","date_gmt":"2025-01-30T09:38:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=40229"},"modified":"2025-01-30T09:38:06","modified_gmt":"2025-01-30T09:38:06","slug":"how-high-could-bitcoin-go-in-this-bull-cycle-analyst-weighs-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=40229","title":{"rendered":"How High Could Bitcoin Go in This Bull Cycle? Analyst Weighs In"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Analyst Ali Martinez suggests Bitcoin (BTC) has more room for growth during this bull run before a potential cycle shift.<\/span>
\nEssential factors like reduced MVRV and negative exchange netflows support the thesis of further gains in the near future.<\/p>\n

<\/a><\/p>\n

The Possible Cycle Top<\/h2>\n

The primary cryptocurrency has been on an <\/span>evident<\/span> uptrend in the past several months, charting substantial gains after Donald Trump\u2019s win<\/a> in the US presidential elections. <\/span><\/p>\n

Recall that Bitcoin (BTC) was trading at less than $70K <\/span>prior to<\/span> the voting, whereas a month later, it surpassed the psychological level of $100K for the first time <\/span>in its existence<\/span>.<\/span> Despite the volatility, the solid performance continued, and on January 20 (hours before Trump\u2019s inauguration), the asset tapped<\/a> a new all-time high of almost $110,000. The <\/span>next<\/span> 10 days offered more turbulence before BTC stabilized at its current $105,000 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

According to numerous industry participants, the valuation has yet to reach unseen peaks during this bull cycle. The popular X user Ali Martinez recently <\/span>suggested<\/span> that BTC could soar to as high as $184,000 before entering a bearish mode. He based his prediction on the assumption that cycle shifts typically occur once the price surpasses 2.4x the 200-day Simple Moving Average (<\/span>which <\/span>is<\/span> set<\/span> at the depicted mark).\u00a0<\/span><\/p>\n

Cycle shifts for #Bitcoin<\/a> $BTC<\/a> typically happen when it surpasses 2.4x the 200-day SMA. That key level currently stands at $184,600! pic.twitter.com\/kbLpJ5AQd4<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 30, 2025<\/a><\/p>\n\n

Many factors signal that BTC might indeed flourish in the following months. One of those includes the asset\u2019s historical performance in February. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, 8 of the last 12 Februaries saw BTC jumping by double digits. It is important to note that next month is a post-halving February, and all previous ones have resulted in impressive spikes.\u00a0<\/span><\/p>\n

Bitcoin\u2019s Market Value to Realized Value (MVRV) and exchange netflow are <\/span>also<\/span> worth mentioning. The former metric has been\u00a0<\/span>hovering<\/span><\/a> below the healthy level of 2.5 over the last several days, suggesting that the asset might have shifted toward undervalued territory.<\/span><\/p>\n

BTC\u2019s exchange netflow has been predominantly negative in the past week, with outflows surpassing<\/a> inflows. <\/span>This<\/span> could <\/span>be interpreted<\/span> as<\/span> a transition from centralized platforms toward self-custody methods, which reduces the immediate selling pressure.<\/span>\u00a0<\/span><\/p>\n

Additional Bullish Predictions<\/span><\/h2>\n

Martinez is not the only one envisioning further pumps for BTC <\/span>in the near future<\/span>. X user Captain Faibik <\/span>observed<\/span><\/a> the formation of a \u201cbroadening wedge pattern\u201d to set a $120,000 target potentially reached in February.\u00a0<\/span><\/p>\n

Michael van de Poppe and Jelle were also bullish. The former <\/span>thinks<\/span><\/a> a new ATH may occur in the coming weeks, while the latter <\/span>believes<\/span><\/a> $110K is \u201cthe final hurdle\u201d before \u201ca new leg of price discovery awaits.\u201d<\/span><\/p>\n

The post How High Could Bitcoin Go in This Bull Cycle? Analyst Weighs In<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analyst Ali Martinez suggests Bitcoin (BTC) has more room for growth during this bull run before a potential cycle shift. Essential factors like reduced MVRV and negative exchange netflows support the thesis of further gains in the near future. The Possible Cycle Top The primary cryptocurrency has been on an evident uptrend in the […]<\/p>\n","protected":false},"author":0,"featured_media":40230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40229"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40229"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40230"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}