Bitcoin Will Reach $200K Before $70K “Bear Market” Next Cycle — Forecast

Bitcoin (BTC) has “well-formed” evidence, suggesting its next all-time high will top out at $200,000, an analyst says.

In a chirping On January 27, popular Twitter commentator Trader Tardigrade, also known as Alan, also revealed $70,000 as the next potential bottom of the bear market.

Stochastic indicator offers Bitcoin bulls historical firepower

For many, BTC price action is still bound by Bitcoin’s four-year halving cycles. The resulting price pattern produces one “all time high year” out of every four, with 2025 next in line.

Bitcoin’s block support halving will happen a year before, and from then, Alan claims, the way will be open for a whopping $200,000.

That price tag came from an analysis of Bitcoin’s stochastic oscillator, which syncs with cyclical highs and lows in BTC/USD. Currently, the indicator is printing its latest bottom, and if history is any guide, price action will follow suit.

The stochastic oscillator is a volatility tool that compares closing prices with historical averages.

“Bitcoin well-formed structure with stochastic behavior indicates that the next ATH will be at 200K and the next floor will be at 70K,” Alan summarized along with an illustrative chart.

Responses to the post revealed a notable divergence of opinion regarding Bitcoin’s future potential in the US dollar.

Nevertheless, $200,000 may seem modest to some long-term market participants, and this level is only 189% higher than the existing November 2021 all-time high.

Consensus believes that the magnitude of BTC investment returns will decrease in percentage terms over time, with long-term volatility cooling each cycle.

PlanB is looking at $32,000 BTC price

Equally optimistic in the current environment is PlanB, the analyst responsible for the controversial Stock-to-Flow family of BTC price models.

Related: Bitcoin May Still Break $50K If Gold Correlation Continues — Chart

Bitcoin’s behavior in January has been a decisive turning point, he believes, pointing to various metrics on the chain as evidence of the upswing.

Among the latter is realized return, which tracks the overall profitability of used coins.

“Realized return was only positive! Sellers are now taking profits (green) instead of cutting losses (blue) .. big difference,” PlanB commented on a diagram.

Plan B added this week that Bitcoin’s next short-term target should be $32,000, also based on realized price data.

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