Bitcoin’s rise to the $111,970 price mark has left market participants even more optimistic for the third and final quarters, with fresh bullish price forecasts frequently making the rounds. While the predictions accommodate both bullish and bearish possibilities, price forecasts are going up to $200,000 as an attainable level in 2025.
Identifying the factors validating this potential outcome, prominent analyst TradingShot first observed that the BTCUSD pair is experiencing the weakest bull cycle in history, which he believes is a “product of the Theory of Diminishing Returns (TDM).”
Notably, the first market cycles appeared to have been more aggressive, with incoming gains hitting rooftop levels, as the market’s upside potential seemed larger in its beginning stages.
The analyst revisited the 2025 to 2017 and 2019 to 2021 bull cycles, stating that these periods were in harmony with the traditional capital market. However, the market seems to be headed in a different direction now.
“The current Cycle (2023 – 2025), following the late February 2025 divergence, is now attempting to converge again with its strong rebound in the past 6 weeks. Being however within a Channel Up throughout the entirety of the Cycle, it appears that it will do so in a structured way and as the (Theory of Diminishing Returns) TDM suggests, will offer weaker gains.” He asserted.
He conclusively deduces the timing of the Cycle Top by referring to previous market cycles, projecting that this time, the bull cycle could reach the top between October, November, or December. At this time, the asset is supposed to have hit its peak, around the $150,000 to $200,000 price range.
At report time, Bitcoin is down 0.11% over the last hour but has remained above the $104,000 level since hitting a new price high. The big bull trades at a press time price of $104,122.
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