{"id":567112,"date":"2023-12-27T15:30:58","date_gmt":"2023-12-27T15:30:58","guid":{"rendered":"https:\/\/wncen.com\/?p=567112"},"modified":"2024-06-11T10:41:31","modified_gmt":"2024-06-11T10:41:31","slug":"crypto-analyst-predicts-bitcoin-to-reach-130000-heres-when","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-analyst-predicts-bitcoin-to-reach-130000-heres-when\/","title":{"rendered":"Crypto Analyst Predicts Bitcoin To Reach $130,000, Here’s When"},"content":{"rendered":"

Amid the recent <\/span>Bitcoin (BTC)<\/span><\/a> price rally, cryptocurrency analyst CryptoCon has shed his optimism about the price action of the crypto asset while highlighting a bold prediction.<\/span><\/p>\n

Bitcoin To Experience Pullback Beforehand<\/span><\/h2>\n

On Tuesday, December 26, CryptoCon took to X (formerly Twitter) to <\/span>share<\/span><\/a> his latest projections on Bitcoin. According to the analyst, the price of BTC will reach the $130,000 mark, but it might undergo a correction beforehand.<\/span><\/p>\n

In the X post, CryptoCon reiterated his opinion that, many weeks ago, Bitcoin peaked at roughly $45,000. He further highlighted that the LMACD includes another layer with a cross of the “Descending Cycle Mid-Top Trend.”<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts Bitcoin 400% Surge To $200,000, Here\u2019s When<\/a><\/div>\n

He suggests that Bitcoin is about to experience a “significant <\/span>pullback<\/span><\/a>.” The analyst highlighted that the “correction ranges from 38% to 52%” from its peak of around $45,000.<\/span><\/p>\n

In addition, CryptoCon predicts that a period of correction lasting “up to five to six months” will follow the correction. He added that these declines would cease in May 2024, as he sees an upward trajectory despite his correction projections.<\/span><\/p>\n

\"Bitcoin\"
Mid-Top indicating a correction range from 38% to 52% | Source: CryptoCon on X<\/a><\/figcaption><\/figure>\n

The crypto analyst highlighted the “Green Year Accumulation” phase in his projections. He then underscored the opportunity this correction offers investors who couldn’t take advantage of favorable entry during this phase.\u00a0<\/span><\/p>\n

He sees an opportunity for investors to enter the Bitcoin market at a “more reasonable” price during this possible correction. However, overleveraged long may suffer due to the potential correction from the recent highs.\u00a0<\/span><\/p>\n

Furthermore, the analyst continued by pointing out the advantages of Bitcoin’s future performance. He expects Bitcoin to reach a fresh peak in November or December 2025.<\/span><\/p>\n

CryptoCon’s predictions for BTC to reach an all-time high by the time above were based on the “<\/span>Halving<\/span><\/a> Cycles Theory.” He then asserted that after careful price experiments, he expects BTC to be around “$130,000 by the end of 2025.”<\/span><\/p>\n

Rise In BTC’s Addresses Holding Millions Of Dollars<\/span><\/h2>\n

A recent report has revealed an uptick in the total number of Bitcoin millionaires in 2023. Data from BitInfoCharts <\/span>shows<\/span><\/a> the number of BTC millionaires has increased by 246% in 2023.<\/span><\/p>\n

Related Reading: Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators<\/a><\/div>\n

Currently, Bitcoin millionaires are around 97,497, according to the data provided by the platform. This indicates a notable growth compared to this year, with 23,795 addresses worth at least $1 million.<\/span><\/p>\n

Furthermore, BitinfoCharts has <\/span>divided<\/span><\/a> these 97,497 millionaires into two distinct parts. Addresses that contain at least $1 million are 90,040, while those containing more than $10 million make up for the rest.<\/span><\/p>\n

This uptick can be traced back to the rise in BTC’s price this year, which has seen a year-to-date gain of nearly 158%. Earlier this year, the price of <\/span>BTC<\/span><\/a> was around $16,000.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $42,837 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Amid the recent Bitcoin (BTC) price rally, cryptocurrency analyst CryptoCon has shed his optimism about the price action of the crypto asset while highlighting a bold prediction. Bitcoin To Experience Pullback Beforehand On Tuesday, December 26, CryptoCon took to X (formerly Twitter) to share his latest projections on Bitcoin. According to the analyst, the price of BTC will reach the $130,000 mark, but it might undergo a correction beforehand. In the X post, CryptoCon reiterated his opinion that, many weeks ago, Bitcoin peaked at roughly $45,000. He further highlighted that the LMACD includes another layer with a cross of the “Descending Cycle Mid-Top Trend.” Related Reading: Crypto Analyst Predicts Bitcoin 400% Surge To $200,000, Here\u2019s When He suggests that Bitcoin is about to experience a “significant pullback.” The analyst highlighted that the “correction ranges from 38% to 52%” from its peak of around $45,000. In addition, CryptoCon predicts that a period of correction lasting “up to five to six months” will follow the correction. He added that these declines would cease in May 2024, as he sees an upward trajectory despite his correction projections. The crypto analyst highlighted the “Green Year Accumulation” phase in his projections. He then underscored the opportunity this correction offers investors who couldn’t take advantage of favorable entry during this phase.\u00a0 He sees an opportunity for investors to enter the Bitcoin market at a “more reasonable” price during this possible correction. However, overleveraged long may suffer due to the potential correction from the recent highs.\u00a0 Furthermore, the analyst continued by pointing out the advantages of Bitcoin’s future performance. He expects Bitcoin to reach a fresh peak in November or December 2025. CryptoCon’s predictions for BTC to reach an all-time high by the time above were based on the “Halving Cycles Theory.” He then asserted that after careful price experiments, he expects BTC to be around “$130,000 by the end of 2025.” Rise In BTC’s Addresses Holding Millions Of Dollars A recent report has revealed an uptick in the total number of Bitcoin millionaires in 2023. Data from BitInfoCharts shows the number of BTC millionaires has increased by 246% in 2023. Related Reading: Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators Currently, Bitcoin millionaires are around 97,497, according to the data provided by the platform. This indicates a notable growth compared to this year, with 23,795 addresses worth at least $1 million. Furthermore, BitinfoCharts has divided these 97,497 millionaires into two distinct parts. Addresses that contain at least $1 million are 90,040, while those containing more than $10 million make up for the rest. This uptick can be traced back to the rise in BTC’s price this year, which has seen a year-to-date gain of nearly 158%. Earlier this year, the price of BTC was around $16,000. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":565416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,90994,1119,1144,78790,90997,90996,84235,90995,89910],"class_list":["post-567112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitinfocharts","tag-btc","tag-btcusd","tag-btcusdt","tag-green-year-accumulation","tag-halving-cycle-theory","tag-lmacd","tag-year-to-date","tag-ytd"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Bitcoin To Reach $130,000, Here's When<\/title>\n<meta name=\"description\" content=\"cryptocurrency analyst CryptoCon has shed his optimism about the price of Bitcoin while highlighting a bold prediction.\" \/>\n<meta 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Bitcoin To Reach $130,000, Here’s When","url":"http:\/\/wncen.com\/news\/crypto-analyst-predicts-bitcoin-to-reach-130000-heres-when\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-analyst-predicts-bitcoin-to-reach-130000-heres-when\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","bitinfocharts","btc","btcusd","btcusdt","green year accumulation","halving cycle theory","lmacd","year-to-date","ytd"],"dateCreated":"2023-12-27T15:30:58Z","datePublished":"2023-12-27T15:30:58Z","dateModified":"2024-06-11T10:41:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Bitcoin To Reach $130,000, Here’s When\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-analyst-predicts-bitcoin-to-reach-130000-heres-when\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-analyst-predicts-bitcoin-to-reach-130000-heres-when\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1326286668.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1326286668.jpg?fit=1322%2C793\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"bitinfocharts\",\"btc\",\"btcusd\",\"btcusdt\",\"green year accumulation\",\"halving cycle theory\",\"lmacd\",\"year-to-date\",\"ytd\"],\"dateCreated\":\"2023-12-27T15:30:58Z\",\"datePublished\":\"2023-12-27T15:30:58Z\",\"dateModified\":\"2024-06-11T10:41:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567112"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=567112"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/565416"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=567112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=567112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=567112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}