Benzinga - Prominent crypto analyst Benjamin Cowen has predicted a potential price target for Bitcoin (CRYPTO: BTC) in late 2025, based on historical market cycle patterns.
According to The Daily Hodl report, Cowen analyzed logarithmic regression bands to predict potential tops and bottoms of market cycles. He pointed out that each market cycle high has been two and a half logarithmic regression bands lower than the preceding one.
Presently, two and a half bands below the previous peak of $69,000 approximately to the $45,000 mark. However, as the band increases over time, Cowen suggests that Bitcoin could potentially top out nearer to $100,000, given that the cycle concludes in late 2025.
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Cowen further added, “Normally, we’ve seen these major peaks occur in Q4 of the post-halving year.”
Thus, with these considerations, he projected that the Bitcoin price could reach over $100,000 by the end of 2025.
Based on his logarithmic regression rainbow, Cowen suggests that Bitcoin could peak at around $111,000 about two years from now.
Meanwhile, Famed crypto analyst DonAlt also predicted a possible surge that may take Bitcoin to the $60,000 mark. The analyst attributes his optimism to the potential approval of a spot-based Bitcoin exchange-traded fund (ETF). He posits that the anticipation surrounding the ETF approval is keeping the Bitcoin bulls in control.
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