Bitcoin Price Prediction: BTC Rebounds, Will It Sustain?

Bitcoin Price Prediction: Is This Rebound Indicative of a Bull Run?

After a strong price correction, Bitcoin has successfully rebounded, breaking out of its descending trendline. With this significant move, the cryptocurrency’s bullish pressure is gradually returning, indicating a potential bull trend.

Notably, this bullish reversal has sparked optimism within the crypto market, with analysts and experts projecting an ambitious Bitcoin price prediction. Analysts believe that the coin is poised to break past the critical resistance at $120k if this positive momentum sustains.

Bitcoin Price Prediction: Will BTC Hit $123k?

In a recent X post, analyst Marcus Corvinus shared a positive outlook on the BTC price, as the crypto has exhibited a substantial recovery from its recent lows. Recently, coinciding with the largest crypto market crash, BTC slipped to a low of $103k, sparking caution and uncertainty.

As of press time, the coin is trading at $111,256, up 4.11%. But over the past week and month, it has seen notable declines of 3.5% and 3.7%, respectively. This positive trend is largely reflected in the 24-hour trading volume, which has surged to a significant high of $62.37 billion, up 101%.

According to Marcus Corvinus, BTC has surged past its downtrend line on the 1-hour chart. He remarked that the bullish sentiment seems to be back, with buyers returning and the market structure showing signs of a shift. The analyst thinks the crypto will reach $123k, an important area that will determine the direction of the next move. A breakout in this range with strong volume would cause another rally, while a rejection would lead to pullback opportunities.

Peaks Near

An expert known on X as Atlas urged investors to rethink overly optimistic expectations, arguing that those still waiting for the bull run to “begin” may be ignoring historical patterns. He pointed out that historically, bull markets lasted roughly 1,064 days and bear markets around 364 days in BTC cycles.

The analyst cites the 2015–2017 and 2018–2021 bull markets as well as the 2017–2018 and 2021–2023 bear markets as evidence of this repeating rhythm. If the current cycle continues to follow the same trajectory, the ongoing positive trend that began in 2023 is projected to peak around December 2025, marking another 1,064-day run before transitioning into a potential 2025–2027 bear phase. Based on this framework, they believe there are only about 53 days left until the cycle reaches its peak, indicating that the market may be much closer to a top than many investors currently assume.

Is the Bull Run Over?

Despite this bullish Bitcoin price prediction, analysts like Captain Faibik argue that the BTC bull cycle has come to an end. He provides a more careful outlook, with a bearish interpretation overall. He does not believe that the general bull cycle is still active, and he believes that late purchasers will become stuck if they continue to engage at this level.

The analysts also noted that BTC is still trapped within a Rising Wedge structure while holding above the Weekly MA50, indicating that technically, the bulls still remain in control. Nevertheless, he commented that the general structure is slowly weakening and momentum is decreasing to an observable level.