A Renowned Market Analyst Urges Enthusiasts to Look Beyond Current Bitcoin Price Stagnation, Indicating Higher Price Milestones Over a Decade
Bitcoin’s tumultuous price action continues to raise skepticism among market participants, primarily due to undoubtedly lateral macroeconomic factors. On April 2, just three days into America’s “Liberation Day,” investors fled, surprisingly harming both Bitcoin and the cryptocurrency market.
Despite the uncertainty, the renowned market analyst “APSK32” is pushing enthusiasts to look beyond short-term volatility. He insists that, in the long run, Bitcoin has maintained overall growth, and if the trend continues, higher prices are expected.
Bullish Curve Suggests $1 Million Per Bitcoin
In a tweet, APSK32 emphasized that Bitcoin has followed a curve for over 15 years, accurately predicting the expected price of the asset. He pointed to the Bitcoin power law model, which forecasts the potential price of Bitcoin against resistance and support curves, suggesting a price outlook for the pioneering cryptocurrency. The analyst noted that if his predictions hold true, all investors need to do is hold the asset.
Notably, market observers have added a time profile to Bitcoin’s price model, tracking how many years the asset’s price has been before its predicted price levels. Specifically, shifting the curve support to the left may offer deeper insights into how Bitcoin outperforms the power law model. In this context, the chart indicates that yesterday’s price was $82,507, while Bitcoin traded at $49,119 within the support two years prior.
Interestingly, the Bitcoin power curve time profile also predicts the best and worst-case scenarios for Bitcoin’s price reaching the target.
In terms of support levels, APSK32 forecasts that Bitcoin could soar to $1 million if it leads or follows the Power Law Model. The chart illustrates that if Bitcoin trades ahead of support by five years, it could reach $1 million by January 2031.
However, by January 2036, the latest gains of the ### asset will exceed over 1,121 percent. The proposed Bitcoin price could be reached in 2027.
Bitcoin to $1 Million on Each Power Curve Time Profile
Analyst Highlights $200,000 Target by Year-End
At the same time, APSK32 suggests that Bitcoin has more room for an increase this year. In parallel comments, he predicts it will exceed [over $20,000] before the end of 2025.
The analyst maintains that the Bitcoin bull season is not over yet, as past events suggest more upside potential. He shared that the leading cryptocurrency has a history of rapid growth between May and November in past cyclical years, predicting a repeat.
Bitcoin to $200,000 by Year-End
As a result, he anticipates that the market price will exceed 143 percent from the current $82,111 to at least $200,000 before the end of the year. Notably, this assertion aligns with insights from Bernstein, Drill, and renowned financial author Robert Kiyosaki.
