The post Bitcoin Price Prediction: Is a Massive $150K Rally Just Around the Corner? appeared first on Coinpedia Fintech News In the last 24 hours, the Bitcoin market has seen a growth of 2.1%. Renowned crypto analyst James Check states that there is a lot of resemblance between the price action of the current cycle and that of the 2016 to 2017 cycle. Moreover, he predicts that the market could reach a top of $150,000 soon. Is $150K Top Possible? Let’s examine! Bitcoin’s Path to $150K: Analyst’s View At the start of this month, the BTC price stood at $93,600.90. On January 6, it broke above $100K. Between January 7 and 9, the market faced a correction of 9.45%. On January 17, the market recovered from the correction. On January 20, the market touched a monthly peak of $109,538.17. Currently, the market stands at $104,814.63 – around 4.31% below the aforementioned peak. Check forecasts that the market could reach the range of $120,000 and $150,000 soon. He terms the range as the “topping cloud.” He also warns that if the market rises above the range, it may not hold. Potential Profits for Bitcoin Holders According to Bitbo data, a short-term BTC holder has paid an average price of $90,349 per BTC, and a long-term BTC holder has paid an average price of $24,627. This implies that if the market hits $150,000, a short-term holder will get an average profit of 66.0229%, and a long-term holder an average profit of 509.088%. Comparing 2025 to the 2016-2017 BTC Cycle In the first quarter of 2016, the Bitcoin market recorded a change of -3.25%; in the second, around +61.6%; in the third, -9.34%; and the fourth, +58%. In the first quarter of 2017, the market registered a change of +11.2%; in the second, +131.5%; in the third, +74.1%; and in the fourth, +226.1%. Check states that there are a lot of similarities between the present cycle and the 2016-2017 cycle. In both 2017 and 2016, the market showed impressive performance in the second and the third quarters of the year and expressed weakness in the first quarter. This indicates that the market may experience consolidation until May and a massive surge in the late 2025. Trader’s 2025 Bitcoin Predictions Traders expect strong price movements in 2025, but predictions differ on timing and magnitude. A crypto trader, identified as Bitquant, opines that claims of Bitcoin topping out now are premature. He expresses confidence in the market to gain further. Meanwhile, crypto trader Braver forecasts that the BTC market will demonstrate strong bullish momentum in the first quarter of 2025. Indirectly accepting the argument regarding the similarities between the current cycle and the 2016-2017 cycle, Braver acknowledges the possibility of the market reaching a macro top in the final quarter of the year. However, contrary to this assumption, cryptocurrency trader Mags asserts that the Bitcoin market will reach an all-time high between July and October. As Bitcoin mirrors patterns from the 2016-2017 cycle, analysts and traders forecast significant price movements in 2025. With a potential peak at $150,000, the crypto market looks set for an exciting year.
