Bitcoin's next halving cycle could come with a $200,000 all-time high, says TATrader_Alan.
) has “well-formed” evidence, which suggests that its next all-time high will top out at $200,000, one analyst says.on Jan. 27, popular Twitter commentator Trader Tardigrade, also known as Alan, also revealed $70,000 as the next potential bear market bottom.For many, BTC price action is still bound by Bitcoin’s four-year halving cycles. The resulting price pattern offers one “all time high year” in every four, with 2025 next in line.
That price tag came about from an analysis of Bitcoin’s stochastic oscillator, which syncs with cycle highs and lows in BTC/USD. Currently, the indicator is printing its latest trough, and if history is a guide, price behavior will do likewise. “Bitcoin well-formed structure with stochastic behavior indicates that the next ATH will be at 200K and next floor will be at 70K,” Alan summarized alongside an illustrative chart.Responses to the post revealed a familiar divergence in opinions when it comes to Bitcoin’s future potential in U.S. dollar terms.
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