Sina, a seasoned market analyst, has made a groundbreaking prediction that Bitcoin will reach a staggering $285,000 per coin before the end of the bull run. Sina used the quantile regression model to identify Bitcoin’s probable price range and classified its price action into three distinct zones.
According to Sina, the first zone, known as the cold zone, encompasses the 33% quantile range and predicts that Bitcoin will trade between $55,000 and $85,000. It’s worth noting that Bitcoin is currently trading within this range, at $67,620 at the time of writing. Despite the recent bullish momentum that pushed Bitcoin to a four-month high above $69,000, Sina believes that the current price is among the lowest range for next year. Therefore, he advises aggressive accumulation of Bitcoin as long as it remains in the cold zone.
Moving on to the warm zone, which falls between the 33% and 66% quantile range, Sina expects Bitcoin to trade between $85,000 and $136,000. He anticipates a rapid surge in prices during this phase, attracting the attention of retailers. Sina suggests a mild accumulation strategy, specifically dollar-cost averaging (DCA), during the warm zone.
Finally, Sina identifies the hot zone, which is above the 66% quantile, where he predicts Bitcoin will trade between $136,000 and $285,000. This phase is characterized by high volumes and vicious swings. Sina advises caution and reduced purchasing appetite based on the investor’s risk level, as Bitcoin may reverse its upward trend after this zone.
It’s important to note that Sina believes the hot zone is not the peak for Bitcoin in 2025. He asserts that the cryptocurrency will reach its peak at the 90th-99th quantile, indicating the possibility of further upside above the $285,000 mark.
Sina’s quantile regression model aligns with other analysts’ ambitious price speculations. For example, Michael van de Poppe predicts that Bitcoin will test the $300,000 to $350,000 levels, citing increased whale traction.
In the short term, Bitcoin experienced a downward trend during a correction window on Tuesday. It is currently down almost 2% in the past 24 hours but still holds above $67,000. Data from IntoTheBlock suggests that Bitcoin needs to regain the $68,500 price level, with over 320,000 addresses interacting with Bitcoin near its previous all-time high, forming strong support.
However, Dr. Martin Hiesboeck, the research head at Uphold, warns that Bitcoin may see lower prices due to an overheated market. He suggests that increased leverage, evident in the record uptick in open interest, could trigger a decline.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct thorough research before making any investment decisions, as The Crypto Basic is not responsible for any financial losses.