Bitcoin News Today: Bitcoin Price Targets $150K-$280K by Late 2024 on Cyclical Model Up 0.8% 24H

Bitcoin price forecasts suggest the cryptocurrency could surge to between $150,000 and $280,000 by late 2024 or early 2025, according to a cyclical analysis model. The prediction hinges on historical patterns observed since 2011, where Bitcoin’s price cycles have consistently followed a three-phase structure: bear market decline, accumulation phase, and exponential bull run. Analysts note that the current phase aligns with the end of the third accumulation period, positioning Bitcoin for a potential sharp upward move [1].

The model breaks down each cycle into approximately 1,300–1,500 days, with the most recent bull market peaks occurring in 2013, 2017, and 2021. Notably, the duration of these cycles has been shortening—from 1,500 days in earlier cycles to 1,300 days currently—indicating faster market maturation and investor behavior trends. If the pattern continues, Bitcoin could enter its next bull phase within a 1300-day window ending in late 2024. Historical data shows that previous bull runs concluded with vertical surges against a logarithmic trendline, a structure that the current price trajectory appears to mirror [1].

Technical analysis of the BTC/USD monthly chart further supports the bullish case. The price has been consolidating within a defined range, with the upper trendline acting as a long-term resistance target. This level aligns with Bitcoin’s past highs, such as the 2017 and 2021 peaks, suggesting the same could occur in the upcoming cycle. The model projects a range of $150,000 to $280,000 as potential resistance, contingent on the continuation of the observed pattern. Additionally, the shrinking cycle duration reinforces the likelihood of an accelerated rally, as seen in prior transitions [1].

Short-term price dynamics also align with a bullish narrative. A 4-hour chart analysis by Merlijn The Trader highlighted a recent breakout from a descending wedge pattern, followed by a sharp decline that aligns with the “fear and despair” phase of the market cycle. While the immediate reversal triggered a bear trap, the surge in volume during the breakdown and subsequent consolidation suggest a potential reset ahead of a larger move. The analyst emphasized that such pre-breakout behavior is common before major trend reversals, further supporting the 2025 target [1].

The projection also incorporates macroeconomic factors, including global M2 liquidity trends. A 10-week historical lag correlation between M2 growth and Bitcoin price movements, combined with favorable on-chain indicators, adds weight to the optimistic scenario. However, the analysis explicitly frames these outcomes as forecasts based on the analyst’s model, rather than guaranteed outcomes. Current on-chain data shows Bitcoin trading near $118,952, up 0.8% in 24 hours, with trading volume rising above $58 billion as of July 2025 [1].

Critically, the model’s validity depends on the continuation of historical patterns, which could be disrupted by external factors such as regulatory shifts or macroeconomic instability. Nonetheless, the alignment of technical, cyclical, and macroeconomic signals creates a compelling case for a potential multi-year rally. As the 1300-day window nears its endpoint, investors are advised to monitor key resistance levels and on-chain activity for confirmation of the projected trajectory.

Source: [1] [Bitcoin Price Could Hit $280K in the Next Major Rally] [https://www.thecoinrepublic.com/2025/07/28/bitcoin-price-could-hit-280k-in-the-next-major-rally-heres-how/]