The Bitcoin price has shown a notable recovery this week and is now back above $100,000 with renewed confidence and inflows. This has sent a wave of another bullish sentiment to the crypto market, considering that Bitcoin has spent the majority of the last two months around this level and bullish investors have been trying to break above it substantially while also preventing a break below $90,000. Thinking from a long-term perspective,the Bitcoin price still has room to break above $100,000. Many analysts have predicted price peaks above $200,000 , and some predictions are even as high as $1 million. According to crypto analyst Xanrox, Bitcoin is currently in its last bullish wave to reach its cycle peak and a correction phase could be close. Road To Bitcoin Peak And Key Targets According to the crypto analyst , Bitcoin’s current bullish cycle began in 2022 when it was trading at $15,632 and is likely to peak in 2025 at around $125,000. While this predicted price peak is very small compared to other predictions , it is undoubtedly a good return for early investors. However, those entering at present levels face a riskier environment, especially given the recent market behaviour. Xanrox’s projection of a $125,000 peak is rooted in Elliott Wave Theory , a technical analysis framework that identifies market cycles through five impulsive and three ABC corrective waves. Counting impulse waves from the 2022 bear market low puts the beginning of the fifth wave around Q4 2024, which is the last impulse wave before the ABC correction phase. Two technical analysis tools were used to determine this Bitcoin price peak, which are the long-term trendline and the Fibonacci extension. The trendline, which runs through previous peaks of $20,000 in 2017 and $65,000 in 2021, projects that the Bitcoin price could reach $122,069 in 2025 before hitting resistance. Additionally, the 1.618 Fibonacci extension from the 2022 bear market low aligns exactly with this price peak target. What Comes After Bitcoin Price Reaches Its Peak? Keeping the $125,000 price peak in focus, the analyst noted that Bitcoin should experience a steep correction after it peaks, as seen in historical playouts after the 2017 and 2021 rallies. These corrections are the Elliot wave ABC corrections, which led to 84% and 77% crashes in 2018 and 2021, respectively. Although such declines are less likely due to Bitcoin’s growing market capitalization and increased institutional adoption , the analyst noted that a 60% correction is still a plausible scenario. This downturn is anticipated to unfold in a huge bear market and crisis between late 2025 and 2026. If the price hits $125,000 in 2025, a 60% correction could bring the Bitcoin price down to $50,000 by 2026. At the time of writing, Bitcoin is trading at $103,190 and is up by 9.7% in the past 24 hours.
