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Bitcoin Rainbow Model Unveils $186,000 BTC Cycle Top By 2025 End, Analysts Discuss Bullish Triggers

CryptonewslandCryptonewsland2024/09/14 11:42
By:Cryptonewsland
  • The Bitcoin Rainbow Model unveils $186,000 BTC cycle top by 2025 end.
  • Crypto analysts consider the many possibilities for bull run triggers. 
  • Many factors in the coming weeks could act as a trigger for a BTC bullish price spike.

Bitcoin reclaiming the $60,000 price target has fueled bullish sentiment in the crypto market once again. Traders are watching the price charts closely to see what’s coming next and seasoned traders share their expectations for the crypto market based on historical data and current market trends.  

Factors That Could Trigger a Parabolic Pump for Bitcoin?

While some analysts are certain a major fall will unfold for the crypto market instead of a major rise, many others are certain of a massive pump in the coming months. To highlight, Q4 of Bitcoin Halving years have always been highly bullish leading to parabolic pumps and green months, this expectation is taking over once again with BTC’s latest pump. 

Bitcoin has been ranging in the mid-50Ks for the past 3 weeks.

ETFs are bleeding continuously.

But with:

– rate cuts coming next week
– FTX's $16B cash repayment
– US elections
– Global liquidity soaring

The next few weeks could be the last chance to grab $BTC at cheap…

— Lark Davis (@TheCryptoLark) September 13, 2024

According to the post above, the popular crypto analyst, Lark Davis , expects Bitcoin to rally due to many upcoming moves in the financial and crypto spaces. As we can see from the post above, Davis highlights incoming rate cuts, FTX’s $16 billion cash repayment, the US elections, and the expectation for a surge in global liquidity. 

Bitcoin Rainbow Model Suggests $186,000 Cycle Top for BTC

Davis concludes, that the next few weeks could be the last chance for traders to grab BTC at low prices. Adding to the bullish narrative is another crypto analyst who shares a bullish prediction brought upon by the Bitcoin Rainbow Model.

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The problem with most #Bitcoin Rainbow models is they climb too quickly and the targets end up too optimistic.

With this new Diminishing Golden Curves Model, it purposely loses a band every cycle, similar to the Golden Ratio Multiplier.

It allows for 186k for the cycle top in… pic.twitter.com/b77UJQ1WQ8

— CryptoCon (@CryptoCon_) September 13, 2024

According to this, the price of Bitcoin (BTC) could go up to as high as $186,000 as the cycle top in the later half of 2025. While the analyst does remark that this model tends to be too optimistic, he states that there is still deep merit in this model and its prediction.

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Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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