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Analyst Sets Bitcoin $285,000 Target Using Quantile Model

source-logo  thecryptobasic.com 2 h

Seasoned market analyst Sina has identified a price action model that will propel Bitcoin to $285,000 per coin before the end of the bull run.

In a tweet, Sina identified Bitcoin’s probable price range when predicted using the quantile regression model. Per the analysis, the market expert noted that the model classified Bitcoin price action under three distinct zones.

Market Expert Outlines Bitcoin Probable Zones Next Year

Citing the quantile model, Sina gave three zones where Bitcoin would trade in 2025. He called them the cold, warm, and hot zones.

In the cold zone, also called the 33% quantile range, the professor stated that Bitcoin would trade between $55,000 and $85,000. Notably, Bitcoin currently trades at this price range, exchanging hands at $67,620 at the time of writing.

Bullish momentum has encompassed the largest crypto asset by market in the past few weeks, as it ticked to a four-month high above $69,000 on Monday. However, Sina expects Bitcoin’s current price to be among its lowest range next year and calls for aggressive accumulation as long as Bitcoin remains in the cold zone.

Furthermore, Sina elaborated on the warm zone between the 33% and 66% quantile range. He expects Bitcoin to trade between $85,000 and $136,000 in this phase, citing surging traction towards the premier crypto asset.

Sina asserted that prices would surge rapidly during this phase, with the increase gaining the attention of retailers. During the warm zone, the market expert advised a mild Bitcoin accumulation, specifically pointing to dollar-cost averaging (DCA).

Analyst Foresees Possible Uptick to $285,000

Lastly, the analyst identified Bitcoin’s price performance in the hot zone, above the 66% quantile. He expects Bitcoin to trade between $136,000 and $285,000 in this phase, characterized by “high volumes and vicious swings.”

While noting that prices may continue their northward venture, Sina stated that Bitcoin may reverse after the zone. He advised a cautious approach and reduced purchasing appetite based on the investor’s risk level.

Meanwhile, Sina noted that the hot zone was not the Bitcoin top for 2025. He asserted that the largest cryptocurrency by market cap would peak at the 90th-99th quantile, implying that further upsides above the $285,000 mark exist.

Notably, Sina’s quantile regression model aligns with other analysts’ ambitious price speculations. For instance, Michael van de Poppe asserted that Bitcoin would test the $300,000 to $350,000 levels, citing increased whale traction.

Short-Term Bitcoin Expectations

Meanwhile, Bitcoin trended further downwards on Tuesday during a short-term correction window. The asset is down almost 2% in the past 24 hours but holds above $67,000 at the time of writing.

Amidst the consolidation, data from IntoTheBlock shows that Bitcoin still needs to regain the $68,500 price level. The market intelligence platform noted that over 320,000 addresses interacted with Bitcoin near its previous all-time high of $69,000, forming solid support.

However, Uphold’s research head, Dr. Martin Hiesboeck, noted that Bitcoin may see lower prices as the market seems overheated. He implied that increased leverage, evident in the record uptick in open interest, could catalyze a decline.

thecryptobasic.com