Bitcoin’s Bull Run: Will it Reach $150,000 by October?
The cryptocurrency world is abuzz with excitement as Bitcoin (BTC) may have entered the final stretch of its current bull market cycle. Historical patterns and semi-cycle fractals suggest that the next major market move could be just three months away. If the past is any indication, Bitcoin could reach a staggering $150,000 by October.
The “Tick-Tock” Fractal: A Recurring Pattern
Analyst Cryptobullet has been tracking a recurring “Tick-Tock” fractal, which shows that Bitcoin tends to peak around 518 to 546 days after each halving event. The latest halving occurred on April 15, 2024, and if this pattern holds true, the next potential top could be just 77 days away. This would put the BTC price at an all-time high, with many analysts predicting a range of $130,000 to $150,000 by the end of the year. Some are even more bullish, forecasting a bull run to $200,000.
New Investor Activity on the Rise
On-chain data suggests that the Bitcoin price rally may have more room to run in the coming months. A key metric comparing new investor activity to old investor activity, published by CryptoQuant analyst Axel Adler Jr., shows that the current reading of 30% is well below the overheated highs of 64% and 72% in December 2024. This indicates that the market is not yet showing signs of euphoria and profit-taking, leaving room for further gains.
Long-Term Holders Remain Calm
The upward trend in new investor activity is a positive sign, and long-term holders are not yet showing any signs of surrender. According to Adler Jr., “old owners are still selling moderately,” with a coefficient of 0.3 indicating that the range of three-year coins is still being absorbed by younger coins without sharp fluctuations. This balance is partly due to strong institutional absorption, with companies and ETFs continuing to accumulate Bitcoin at a steady pace, compensating for intermittent selling pressure.
Retail Demand Exceeds Supply
Even retail demand is now exceeding the Bitcoin supply, according to Bitfinex. This sufficient supply absorption by large players has been able to contain short-term selling pressure, keeping the market structurally healthy as it presses deeper into the late stages of the bull cycle. As the market continues to grow, it’s essential to remember that every investment and trade move carries risk, and readers should do their own research before making any decisions.
