finbold.com
With about one year left until Bitcoin (BTC) goes through its next halving, after which the reward for mining new Bitcoin blocks will reduce in half as part of capping the supply to 21 million BTC, the flagship cryptocurrency is repeating its pre-halving pattern, indicating the time range for its next all-time high (ATH).
As it happens, Bitcoin is currently moving in the same chart pattern in which the ATH is followed by accumulation and then entrance into a pre-halving zone, succeeded by a rapid incline toward the next ATH, “like a clockwork,” according to the observations published by the pseudonymous crypto market analyst Stockmoney Lizards on April 24.
New ATH in 2025?
Specifically, with its price at press time standing at $27,478, the maiden decentralized finance (DeFi) asset seems to be entering the pre-halving zone, where the expert believes it could reach up to around $53,000. If the pattern sticks, this means that Bitcoin could rapidly climb toward $225,000 or its next ATH in late 2025 or early 2026.
Earlier, Finbold reported on another pseudonymous crypto analyst, therationalroot, comparing the past Bitcoin halving cycles with a focus on its ATHs, suggesting that Bitcoin had the habit of spiking roughly 10-12 months after each of the halving events.
This means that the next ATH could occur in April 2025, slightly earlier than Stockmoney Lizards’ predictions. More recently, therationalroot has noted the progress of the halving cycle progress, indicating that the maiden digital asset was 74% into the current halving cycle as of April 18.
Bitcoin price analysis
As things stand, Bitcoin is currently trading at the price of $27,478, down 0.55% in the last 24 hours, as well as dropping 9.33% in the past week and 0.42% across the previous 30 days, according to the latest data retrieved by Finbold on April 24.
With its current price, Bitcoin is testing support at around $27,000, while crypto trading expert Michaël van de Poppe expects a rebound to $29,200 in the coming weeks, with a possibility of ‘bullish divergences’ in the $26,500 – $27,000 zone, as Finbold reported earlier.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.