BTC Price Prediction: Analyst Eyes $400K Peak, Here’s When

Bitcoin’s recent retreat from a record-breaking $126,200, per CoinMarketCap, hasn’t shaken bullish analysts, with one predicting the next peak could go as high as $400,000. The flagship cryptocurrency briefly hit a new all-time high on October 6 before dipping below $124,000, but market sentiment remains upbeat as traders brace for what could be another explosive ￰0￱ Case for a Historic Breakout According to market watcher EGRAG CRYPTO, Bitcoin is forming a clear channel on its three-month chart, a pattern that has occurred in the past and has been followed by a market breakout. “In the past three cycles, we’ve consistently seen a breakout at the end of these channels, the analyst noted on X.

“While diminishing returns are evident, they are necessary for a more sustainable price growth.” He said that even a “small blip” could push BTC up to $175,000, adding that the middle of the predicted channel is about $250,000, and the top of it is about $400,000. “These numbers are definitely within reach,” stated ￰1￱ Bitcoin has experienced a recent decline, it has remained strong over longer ￰2￱ has gone up 7.0% in the last week and 96.8% in the last ￰3￱ like Michaël van de Poppe think that the market is getting ready for its next big rise, and any drop below $121,000 is a good time to ￰4￱ Immediate Market Uncertainties But not everyone sees a clear path ￰5￱ JA Maartun has said that the open interest in both Bitcoin and altcoins is still ￰6￱ is something that hasn’t happened since December 2024, when prices stayed the same for months before dropping by more than 30%.

Similarly, pseudonymous trader Titan of Crypto cautioned that BTC’s short-term charts are flashing mixed signals, suggesting that a drop toward the Ichimoku cloud is possible if key resistance levels ￰7￱ such, the current market is defined by the tension between a powerful long-term technical pattern and near-term overextension ￰8￱ the overall mood is still good, mostly due to widespread institutional adoption through ETFs and holders being overwhelmingly in profit. Still, traders are being told to keep a close eye on these conflicting signals because the road to possible six-figure valuations may not be a straight line, but could be punctuated by periods of volatility and consolidation.