The analyst's target price for bitcoin is $160,000
According to Abbe's macro analysis graphic, which contrasts Bitcoin's historical market cycles, the current structure closely resembles those of earlier bull runs.
The analyst believes that Bitcoin will soon enter a price discovery since the flagship cryptocurrency has already stabilized at $110,000. A possible shift toward $130,000 by July and a further increase to $160,000 by the fourth quarter of 2025 are now predicted. The researcher even predicted that prices may reach a peak of $230,000.
The market is now at a crucial historical price range that was the starting point of Bitcoin's parabolic rises in 2013, 2017, and 2021, according to cryptocurrency analyst Cas Abbe.
