Industry analysis indicates Bitcoin (BTC) has significant potential for further growth, with predictions targeting a peak price near $150,000 by October. This forecast is primarily based on Bitcoin’s well-documented historical halving cycles.
The anticipated peak timing aligns with observations that Bitcoin consistently reaches cycle highs approximately 518 to 546 days following its quadrennial halving events. The most recent halving, which occurred in April 2024, reduced the block reward for Bitcoin miners by 50%, creating a structural supply constraint known to precede price surges.
Supporting the outlook for continued upward momentum is data on new investor activity. Current measurements indicate ‘young coins’ – Bitcoin moved within the last three months – account for only about 30% of transaction volume. This figure remains significantly below the peaks of 64% and 72% observed at the height of previous bull markets, suggesting room for broader market participation before a potential top is established.
Complementing this nascent retail and investor activity is sustained institutional demand. Analytics highlight consistent accumulation of Bitcoin by institutional investors and Exchange-Traded Funds (ETFs), contributing to balanced market dynamics and strengthening the overall structure of the current bull cycle.