Bitcoin Rockets to New Heights: Analyst Predicts Moonbound Price Trajectory
Bitcoin isn''t just climbing—it''s staging a full-blown escape velocity from traditional finance gravity. One analyst''s bold call suggests the crypto king isn''t stopping at all-time highs.
When Wall Street sneezes, crypto catches a cold? Not this time. While legacy markets wobble over inflation data, Bitcoin''s chart looks like a SpaceX launch trajectory. The analyst''s model—apparently scribbled on a napkin during a 3am crypto Twitter deep dive—shows price targets that''d make even gold bugs reconsider their life choices.
Remember when $100K seemed outrageous? The new projections laugh at those numbers like a boomer discovering DeFi yields. Though let''s be real—if these predictions hit, half the banking sector will suddenly ''always believed in blockchain'' while quietly liquidating their clients'' bond portfolios.
One thing''s certain: whether this rally is fueled by institutional FOMO or actual adoption, the suits won''t get left behind. They never do—even if they have to rebrand their whole wealth management division to catch the wave.

Potential Price Targets for Bitcoin
Svenson elaborates that Bitcoin’s price might potentially reach $190,000 in this cycle. He references this figure as the upper target but emphasizes that the more likely and central target hovers around $142,500. This suggests an approximately 33% increase at the peak of Bitcoin’s next high.
Describing this scenario, Svenson remarks, “The median ideal target is $142,500. You can expect Bitcoin to top out at this level during this cycle.” His projections are formulated based on current market conditions and historical cycle analysis. At the time of writing, Bitcoin traded at $107,017.
The Impact of Market Dynamics
Svenson argues that developments in traditional financial markets, particularly within the U.S. stock markets, could significantly impact Bitcoin. He suggests that if the S&P 500 reaches new record levels and sustains an upward trend, Bitcoin’s price could gain substantial support.
According to Svenson, “From my perspective, if the S&P 500 climbs to new peaks and maintains this upward momentum, bitcoin could potentially rise to at least $124,000, perhaps reaching $142,000. Developments will shape according to this scenario,” he notes, underlining the crucial role global market movements play in molding the cryptocurrency market.
Predictions for the Peak Timeline
When assessing when Bitcoin might reach its peak within this cycle, Svenson emphasizes that the cycle’s final phase is approaching. He recalls historical data indicating that Bitcoin typically peaks around 80 weeks following the “halving” event.
According to this calculation, the peak could occur between late October and early November of 2024. Svenson states, “We are now in the final phase. The peak in this cycle might extend until the end of October or early November. After each halving, peaks are reached around 80 weeks, followed by declines. I foresee a similar timeline for this cycle.” Svenson reiterates that all these predictions inherently contain risks, advising investors to conduct detailed research, acknowledging the market’s high volatility, and stressing the importance of caution.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.