Bitcoin will reach $200K before the next cycle’s $70K “bear market”

According to one expert, stochastic patterns allow for price increases of 189% in BTC compared to the most recent Bitcoin record.

One expert claims that there is “well-formed” evidence for Bitcoin‘s next record high to be $200,000 or above.

Popular Twitter pundit Trader Tardigrade, commonly known as Alan, indicated $70,000 as the likely location of the following bear market bottom in a message on January 27.

Stochastic indicator provides historical firepower for Bitcoin bulls

For many, Bitcoin’s four-year halving cycles continue to constrain BTC price movement. One “all-time high year” is offered by the resultant price pattern every four years, with 2025 coming in second.

A year earlier, Bitcoin’s block subsidy will be halved, and after that, according to Alan, the way will be clear for a massive $200,000.

Analysis of Bitcoin’s stochastic oscillator, which tracks cycle highs and lows in BTC/USD, led to the determination of that price. The indicator is currently printing its most recent low, and price behavior will follow suit if history is any indication.

A volatility indicator that contrasts closing prices with historical averages is the stochastic oscillator.

Alan concluded with an example chart, “Bitcoin well-formed structure with stochastic behavior predicts that the next ATH will be at 200K and the next floor will be at 70K.

There is a well-known difference of opinion on Bitcoin’s future potential in terms of U.S. dollars, as seen by the responses to the post.

Despite this, $200,000 can appear low to some seasoned market players given that it is just 189% higher than the current all-time high from November 2021.

Consensus predicts that over time, the range of BTC investment returns would decline in percentage terms, with long-term volatility decreasing on a regular basis.

PlanB anticipates the next BTC price to be $32,000

In the meantime, PlanB, the analyst behind the contentious Stock-to-Flow family of BTC pricing models, is equally upbeat about the present situation.

He thinks that the way Bitcoin behaved in January was a significant turning point and cites a number of on-chain indicators as evidence.

Realized return, which gauges the overall profitability of spent coins, is one of the newest.

Realized return simply turned out to be positive! On a chart, PlanB said, “Sellers are now taking profit (green) instead of trimming losses (blue)… huge change.

This week, PlanB added that $32,000 should be Bitcoin‘s next short-term objective, also based on realized price data.