Source: Cointelegraph.com NewsKey points: <\/p>\n
New Bitcoin price targets leverage interplay with gold to deliver $200,000 and higher this year.
\nBitcoin price cycles remain in focus as part of the BTC price \u201cpower curve\u201d model.
\nEating gold\u2019s market cap could propel BTC\/USD to nearly $1 million by the decade’s end.<\/p>\n
Bitcoin (BTC) has a \u201cdecent chance\u201d of hitting $250,000 or more in 2025 as attention turns to gold copycat moves.
\nIn his latest analysis, popular X analytics account Apsk32 argued that the four-year BTC price cycle should provide giant new highs this year.<\/p>\n
Bitcoin \u201cpower curve\u201d delivers $200,000+ target Source: Cointelegraph.com NewsKey points: New Bitcoin price targets leverage interplay with gold to deliver $200,000 and higher this year. Bitcoin price cycles remain in focus as part of the BTC… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129378"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129378"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129378\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129378"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBitcoin following gold to new all-time highs is a popular theory among bulls. Historically, BTC\/USD follows XAU\/USD higher with a delay of several months.
\nFor Apsk32, the implications are considerable this time around \u2014 with gold hitting a record $3,500 per ounce, the future for BTC price action is bright.
\n\u201cBitcoin’s position relative to gold has improved considerably since April,\u201d he told X followers alongside his dedicated \u201cpower curve\u201d tool.\u00a0
\n\u201cThis is the indicator that gives me hope for higher than expected returns later this year.\u201d
\nBitcoin power curve data. Source: Apsk32\/XThe power curve concept involves measuring Bitcoin price in gold ounces to avoid the inflationary nature of the US dollar.
\n\u201cHere, I\u2019m measuring the value of the Bitcoin network (market cap) in gold ounces and fitting that value to a power curve,\u201d Apsk32 explained in a dedicated X post in March.
\nAmong the results is a potential bull market top target that contextualized the old 2017 top of $20,000.
\n\u201cIf Bitcoin\u2019s network value measured in gold continues to follow a power curve, and gold holds its current value, and Bitcoin\u2019s price returns to \u2018five years ahead of support,\u2019 we could hit Josh\u2019s $444K this year,\u201d it added.
\nThis week, meanwhile, Apsk32 suggested that a more \u201creasonable\u201d target for 2025 would be up to $220,000.
\n\u201cIf we start getting above $250k, that’s what I would consider \u2018higher than expected,\u2019\u201d he responded when asked about the outlook.
\n\u201cI do think there’s a decent chance we get there, it’s just not the most likely outcome.\u201d
\nBitcoin power curve chart. Source: Apsk32\/XHalf gold\u2019s future market cap means $1 million BTC
\nContinuing the gold theme, Bitcoin analyst Sam Callahan considered data showing how high BTC\/USD could go if it were to capture varying portions of gold\u2019s market cap.
\nRelated: Bitcoin to $1M by 2028 as Hayes tells Europe to \u2019get your money out\u2019
\nThis could come about thanks to a shift toward \u201cdigital gold\u201d \u2014 something widely anticipated to gain momentum in the coming years.
\n\u201cIf gold hits $5,000\/oz by 2030 and Bitcoin captures 50% of its market cap, that puts BTC at $924K,\u201d Callahan noted alongside the data from the latest report by In Gold We Trust released this week.\u00a0
\nGold\/Bitcoin matrix (screenshot). Source: In Gold We TrustThe report stated that the data \u201cdoes not represent a price prediction per se, but rather a scenario based framework \u2013 rooted in our established gold model \u2013 that offers a clearer sense of what relative revaluations of non-sovereign hard assets might look like by decade\u2019s end.\u201d
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"