Will Bitcoin Reach $150K and Then Drop? Here’s What’s Next for the Crypto Market

Aria Rose
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Checkmate said that the current Bitcoin price action looks similar to the 2016-2017 period. On The Podcast, Check estimated that the BTC price may reach $150,000 before a major pullback. He described the $ 120,000-$ 150,000 range as the topping cloud, the level that can be touched but is not sustainable. Anything above that, Check said, will be short-lived as a swift downward correction is expected.

Check explained that most of today’s investors would be profitable if Bitcoin reached $120,000, with those who have been holding for a longer period making even more profits. ”Above that is speculative fever,” Check said, noting that he did not expect any price increase above $150,000 to be sustainable. He predicted that Bitcoin will probably fall back to these levels once the FOMO subsides.

Bitcoin
Source: Theya

Bitcoin’s 2016-2017 Parallels

The possibilities for making big money is obvious, especially for those who have been holding their BTC for a long time. According to data from Bitbo, short-term holders are buying BTC at an average price of $90,349 per BTC, while long-term holders are doing this at an average of just $24,627. 

Will Bitcoin Reach $150K and Then Drop? Here’s What’s Next for the Crypto Market
Source: Bitbo

If Bitcoin reaches $150k, short-term holders will accrue a 66% profit. However, the long-term investors would be making a profit of 509%, an incredible appreciation when considering the volatile nature of Bitcoin.

Check also pointed out the comparison between the current market cycle and the previous one that occurred in 2016-2017. Bitcoin trading was rather insensitive during the first half of the year 2017, ranging between $800 and $1,600. Only in December, BTC skyrocketed to as high as $19,783. Check argues that the current situation is quite the same; Bitcoin experiences frequent fluctuations with occasional spikes and drops.

The analyst is expecting that BTC may remain within this range for another six months to May 2025. He pointed out that, as in the previous cycle, there may be a number of spikes followed by lulls. He said that it could be the case for a while longer, with BTC inching up and up until it is ready for its next big leap.

At the time of writing, BTC can be bought at $104,920. This continued growth has led to questions within the crypto space about what is next for the cryptocurrency. There are those who believe it will just keep on going up and there are some who think that Bitcoin will correct itself soon.

Bitcoin’s Next All-Time High

In a post on X on January 23, another trader using the pseudonym BitQuant offered a different view. Bitquant stated that even in the event of a BTC price drop, those who think the cryptocurrency has peaked and started declining will be left holding the bag. He said that short-term fluctuations do not change the fact that BT has a very positive long-term outlook.

BitQuant
Source: BitQuant

Crypto trader Braver concurred with the assertion that by the first quarter of 2025 there will be a crypto bull run. Braver added that this would not be the biggest bull market of the year. However, he thinks that the true macro cycle top will start in the fourth quarter of 2025. This will be the highest point for Bitcoin in the current cycle, according to Braver.

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Mags
Source: Mags

Another analyst, Mags mentioned that the recent high of Bitcoin at $109,000 on January 20 might not be the ceiling. If this pattern continues, Mags said that a new all-time high could occur within the 230 to 330-day period from that peak. It is possible to notice that the next major price spike is likely to happen between July and October 2025 according to this timeline.

Conclusion

While Bitcoin is still on the rise, traders and analysts are waiting for the cryptocurrency to repeat the patterns of its previous cycles. Some are hopeful that the market will keep on growing, while others are waiting for a pullback to happen soon. Regardless of the path that BTC takes to reach its next peak, the crypto community will be on tenterhooks.

The BIT Journal is available around the clock, providing you with updated information about the state of the crypto world. Follow us on Twitter and LinkedIn, and join our Telegram channel.

FAQs

Could Bitcoin reach $150,000 soon?

Check believes Bitcoin could hit $150,000 but expects a quick pullback after that.

What profits can Bitcoin holders expect if the price hits $150,000?

Short-term holders could gain 66%, while long-term holders might see 509% returns.

How does today’s Bitcoin market compare to 2016-2017?

Check compares the current market to 2016-2017, where Bitcoin fluctuated before skyrocketing.

When will Bitcoin hit a new all-time high?

Analyst Mags predicts a potential new peak between July and October 2025.

Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

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Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
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