Bitcoin (BTC) analyst Sminston With predicted that the price could rise up to 200% in the next cycle. He recently shared on social media X that Bitcoin's price could reach between $220,000 (approximately 3.014 billion won) and $330,000 (approximately 4.52 billion won), explaining that this indicates Bitcoin has not yet reached its peak.
With released a chart combining the 365-day simple moving average (SMA) and the Power Low model (R²=0.96). The model analyzes Bitcoin as showing non-random movements following a consistent pattern over time, which differs from the exponential growth model often applied to stock markets. He added that Bitcoin's cyclical characteristics remain strong, contrary to some claims that volatility would be mitigated over time.
Despite these optimistic price predictions, recent large-scale movements by long-term Bitcoin holders are acting as market warning signals. On-chain data shows that over $4 billion (approximately 5.48 trillion won) in Bitcoin has moved between wallets in recent weeks, suggesting holders are considering profit-taking. Concerns about potential price adjustments are growing among investors.
Experts warn that while Bitcoin's volatility may decrease long-term, short-term price fluctuations can still occur. They particularly note that Trump's presidency and regulatory authorities' cryptocurrency policies could influence future market directions, necessitating close observation of market reactions.
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