Famous Analyst Announces Incredible Short-Term Price Prediction for Bitcoin (BTC), Gives Date for Peak!

While the lack of mention of Bitcoin and cryptocurrencies by Donald Trump during his inauguration ceremony brought a decline, an analyst said that BTC price could reach around $186,000 at the end of the first quarter.

Market analyst Van Straten, followed by investors, Bitcoin's price may reach around $186,000 by the end of the first quarter and surpass $1 million towards October if it continues to follow the cycle of 2017.

The analyst, who pointed out that FTX's sudden collapse marked the bear market and the bottom of Bitcoin, stated that it experienced a 550% increase from the dip level of about $15,500.

The analyst who stated that this increase is also consistent with the 2015-2018 cycle said that a major rally will occur:

If Bitcoin continues to follow the 2015-2018 cycle, it will complete approximately 1,100% higher than the lowest level of the cycle by the end of the first quarter of 2025 and raise its price to $186,000.

The peak of the cycle will occur later this year with a rise of 11,000% around October, and the top level of the cycle will be about 1.7 million dollars.

The analyst made another comparison regarding the rise of Bitcoin. At this point, the analyst said that Bitcoin increased 20 times in Trump's first term, and even a 10-fold increase in this cycle would bring the BTC price to 1 million dollars.

Bitcoin, which broke a new record yesterday and rose above $109,000 with the excitement of Trump's inauguration, continues to trade at $104,270.