A crypto analyst, CryptoCon, is predicting a huge surge in Bitcoin’s price, based on something they call the “Golden Multiplier Ratio.” They believe the best is yet to come for Bitcoin.
The Golden Multiplier Ratio and Bitcoin’s Future
CryptoCon points to level 5 of this ratio, which they say is significant for both mid-cycle and overall cycle highs. Bitcoin hit its previous all-time high (ATH) of around $73,000 at level 5 back in March. Now, CryptoCon claims level 5 is at $122,000 and climbing, suggesting Bitcoin could easily surpass this before the current bull market ends. They even used the phrase “the party is just getting started!”
Another Indicator Points to Even Higher Prices
CryptoCon also referenced another indicator, “Magic Bands,” predicting Bitcoin could hit level 3 of these bands at $98,720. They believe these bands will expand significantly as Bitcoin continues to rise, potentially pushing the cycle top to $134,000 with weekly gains of $1,000. Their prediction for this peak? Late 2025.
A More Cautious Outlook
Another analyst, CrediBULL Crypto, offers a slightly more cautious view. They believe Bitcoin is poised to hit new highs, as long as it stays above $87,700. A strong move above the current local high of $93,800 could send Bitcoin soaring past $100,000, making a drop back to $72,000 unlikely until the next bear market.
However, if Bitcoin fails to break through $93,800, CrediBULL Crypto suggests the upward trend might be a correction, increasing the chances of a significant drop back to the $70,000-$72,000 range, or even lower.
Current Bitcoin Price
At the time of writing, Bitcoin is trading around $91,200, showing a nearly 4% increase in the last 24 hours.
