• 03 July, 2024
Market News

Log Regression Curves Point to Bitcoin Milestone: $130k Target

In a recent tweet, CryptoCon, a renowned crypto analyst, has unveiled groundbreaking Log Regression Curves for Bitcoin, claiming them to be the most accurate in existence. These curves, previously successful in predicting the 2021 tops, now point to two potential targets for late 2025: Layer 6 at 130k and Layer 7 at 180k.

Subsequently, CryptoCon underlines the dependability of the battle-tested prediction after successfully using this approach to sell coins at the right time in April 2021. The cautious estimate of Layer 5 at 94k lends credence to these forecasts. A significant aspect in the research is the Halving Cycles Theory, which sets the stage for a potential milestone around November 28, 2025. Layer 6 at 130k is the preferred objective, with a cycle peak window of +/- 21 days.

The anticipation within the crypto community is palpable as events continue to unfold. The Log Regression Curves hailed for their accuracy in predicting Bitcoin’s cycle top gained substantial credibility following the success story of 2021. Despite the volatile nature of the cryptocurrency market, skepticism persists.

Additionally, the CryptoCon analysis underscores the robust case for Layer 6, highlighting its increased likelihood compared to alternative projections. The red band, signifying a conservative estimate of 94k, seems notably resistant to breach, solidifying the conviction in achieving the 130k target.

The accuracy of the Halving Cycles Theory and the possibility of Layer 6 reaching the projected 130k mark are subjects under consideration. Time will be the ultimate judge, but given the reliability of the well-tested model supporting these projections, the cryptocurrency realm is preparing for what could be a significant development in late 2025. Bitcoin is currently trading at $37,814.84, backed by a trading volume of $22,515,643,025 during this press.

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