Seasoned analyst sets $116,652 as the next BTC ATH price.
He expects a pump of over 21% to follow this to another ATH price.
This extra pump could propel BTC to a price target of $165,745.
Bitcoin price continues to struggle at its current $94,000 price. While analysts expected to see a breakout to $99,000 and then to 6-digit prices, it seems BTC may have hit a stubborn resistance level. Despite the ongoing struggle, one analyst confirms that $116,652 is the next BTC ATH target. He also admits the possibility for BTC price to pump further, triggered by another surge that could take the BTC ATH price to $165,745.
Analyst Sets $116,652 as Next BTC ATH Target
The pioneer cryptocurrency Bitcoin got a head start on this year’s bull cycle. So much so that the price of BTC hit a new ATH even before the Bitcoin Halving event. Soon after that, the price of Bitcoin went on to set a string of new impressive ATH prices that took the price of BTC from $70,000 to $90,000 in Q4 of 2024 and then finally to its current standing ATH target $109,000 in Q1 of 2025.
This bullish rally was seen as a very hard and fast pump for BTC, and despite the bullish run, analysts thought a healthy correction was needed to preserve the integrity of the crypto market. As a few analysts predicted, Bitcoin soon spent the rest of Q1 of 2025 in a prolonged correction phase where the price of BTC dropped back to the mid-$70,000 price range only to pump back up to the $90,000 price range at the start of Q2 of 2025.
Initially, Q1 of 2025 was expected to have ushered in this ongoing bull cycle’s peak altseason. Instead, the crypto market saw a much-needed correction phase, which inevitably delayed altseason. Now, analysts expect altseason to kick off sometime in Q2 if not a little later. Presently, all eyes are on Bitcoin as the pioneer crypto asset tries to break past a resistance barrier in the higher $90,000 price range to pump and reclaim its previous 6-digit prices and the current ATH record.
$116,652 to $165,745 for Bitcoin This Cycle?
As Bitcoin continues to show several bullish indicators and signals on its price chart, signs only point to bullish upwards movement for BTC from here. To highlight, analysts expect BTC price to first break past $99,000 and then shoot towards what could be its next ATH price of $110,000. One analyst has been adamant that $116,000 is the next bull target for BTC this bull cycle.
https://twitter.com/JavonTM1/status/1919045383298097205
As we can see from the post above, this analyst marks $116,652 as the next main bull target for BTC. He says that this target has remained unchanged despite all the ups and downs of the market. He marks the progress of the asset and says that a greater pump is also a possibility. To highlight, the analyst says BTC could pump another 21% or greater if another break above the new ATH occurs, taking BTC to the next bull target of $165,745.
