Is Bitcoin Price Prediction of $125K Still On The Cards?

As per the second Bitcoin price prediction by AshyCrypto, the cryptocurrency is almost testing its 50-week moving average, often referred to as the “bull market support band.”

Historically, each touch of this line during past cycles has triggered a powerful rebound. The last three interactions produced sustained bullish runs.

Having said that, the analyst notes that as long as BTC remains above this level on a weekly closing basis, the bullish Bitcoin price prediction remains intact.

Momentum indicators also show a tightening structure similar to previous macro bottoms. While short-term volatility may persist, the overall trend favors accumulation over capitulation.

Traders appear to be watching the $100,000 zone closely; a decisive bounce here could mark the beginning of Bitcoins next leg higher.

Bitcoin Price Analysis | Source: AshCrypto

The Bitcoin Cycle Top Pattern

Another expert Bitcoin price prediction was shared by a top analyst, the Titan of Crypto. It spotlighted a recurring technical setup that has defined each major Bitcoin cycle for the last one and a half decade.

According to the analyst, BTC price typically peaks 8 to 11 months after breaking its previous all-time high.

With the current cycle now entering its 11th month since surpassing the last ATH, the market could be approaching a critical turning point.

The chart visually captures Bitcoins long-term cyclical nature. Each time Bitcoin price breaks past its old record, it tends to go vertical and then, eventually, cools off into a long consolidation.

It‘s a pattern we’ve seen play out time and again in 2013, 2017, and 2021.

Prices have been edging higher, keeping the monthly uptrend alive. Now traders are watching to see if this cycle stretches longer than usual or if it tops out right on schedule, around the 11-month mark.