🔥 Bitcoin to $160K? Cycle Models Flash Ultra Bullish Target
CryptoPotato
Updated at: 6 hours ago
{"content":"🔥 Bitcoin to $160K? Cycle Models Flash Ultra Bullish Targets
Bitcoin fell under US macroeconomic uncertainty in the first quarter of 2025, losing momentum from 2024. In early April, the crypto market seemed ready to continue its decline, but the better market atmosphere is helping prices recover.
Bitcoin has risen more than 25% this quarter, beating other large-cap assets, according to price action data. The top cryptocurrency looks to have additional upward potential, with its all-time high price being the next objective.
Bitcoin pricing in remaining second-quarter weeks. The crypto pundit identified three key levels for BTC's price in his recent study.
Analysts say this bull rally's resistance levels are $127,000 and $159,000. The $127,000 mark matches the 350-day moving average's 1.6x multiplier, a mid-cycle high in past bull runs.
BTC cycle peaks have typically occurred near $159,000, which aligns with the 350DMA's 2x multiplier. Bitcoin must break the mid-cycle peak to climb toward $159,000.
The Golden Multiplier Ratio places this buffer at $80,000 around the 350-day moving average, when long-term accumulation happens. A break of this support might debunk the bullish BTC price assumption.
Analysts concluded that the Golden Multiplier Ratio is based on moving averages, thus the highlighted levels may vary as the Bitcoin price moves in the following days.
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