Don’t panic! (Or do, we won’t judge you 😂) Bitcoin‘s price took a 0.93% nosedive in the last 24 hours, because who needs stability, right? It’s not like it’s a cryptocurrency or anything. This latest price rejection in the $110,000 range has left Bitcoin in a state of consolidatory movement, which is just a fancy way of saying “it’s not doing much of anything.” 🤔
Bitcoin’s Consolidation: A Preparation For Final Bull Leg (Or a Nap)
Ted Pillows, a market analyst with a name that sounds suspiciously like a pseudonym, has weighed in on the situation. He claims that historical data shows Bitcoin is yet to reach its peak price for the current market cycle. Because, you know, past performance is always a guarantee of future results… said no one ever. 🙄
Pillows shared his insights on X (because who needs a real name for a social media platform?), saying that the recent price dip is just a “leverage flush” and that everyone should remain calm. He used a fancy chart to show that this is all part of a predictable pattern, because charts are always right… until they’re not. 📊
According to Pillows’ chart, Bitcoin tends to peak approximately 18 months (518 days) after each halving event. Which means, if our math is correct (and it probably isn’t), the expected peak for this cycle would be around Q4 2025, specifically on October 13, 2025. Because, you know, the universe loves a good deadline. 📆
There’s also a recurring 140-day rally window, because who doesn’t love a good rally? This 10-bar stretch has delivered parabolic price movements in the past, and if history is rhyming again (which it probably isn’t), Bitcoin might be in for a wild ride. 🎢
How High Can Bitcoin Price Go? (The Answer is: Who Knows?)
Pillows’ analysis suggests that Bitcoin might be gathering momentum for its final rally of the present market cycle. But, you know, momentum is a fleeting thing, like a cryptocurrency’s value. The extent of this anticipated uptrend remains unknown, but hey, that’s what makes life exciting, right? 🤔
Pillows has previously shared that the popular stock-to-flow model (which sounds like a made-up thing, but we’ll roll with it) predicts a potential price target of $368,925 by 2025 end. If this prediction holds true (which it probably won’t), Bitcoin investors might be in for a 242% gain from current market prices. But don’t quote us on that, we’re not financial advisors… or are we? 🤑
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2025-07-06 00:46