Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’

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<p>Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states.</p>
<p>According to its creator, popular analyst CryptoCon, the “<a href="https://twitter.com/CryptoCon_/status/1699797267895775624" target="_blank" rel="noopener nofollow">November 28th Cycles Theory</a>” demands the BTC price all-time high in 2025.</p>
<h2>Countdown to BTC price “bull run launch”</h2>
<p>Amid debate over the nature of the current Bitcoin four-year price cycle, CryptoCon believes that all may be simpler than many imagine when it comes to how BTC/USD behaves at a given time.</p>
<p>Unveiling the November 28th chart on X (formerly Twitter), he delineated the date as a key pivot point in the year, along with a three-week period either side.</p>
<p>“Using 4-year time cycles against my Theory, produces Bitcoins exact behavior in time since its inception. Cycles are centered around the date of the first halving Nov 28th,” he explained. </p>
<blockquote><p>“Bitcoin price action began at the first bottom October 8th, 2010. This is where cycle curves peak, every 4 years. Tops and bottoms come +/- 21 days from Nov 28th at their appropriate times on the curve. Tops on the upswing, bottoms on the pinnacle.”</p></blockquote>
<p>The chart describes November 28 as the date Bitcoin sees a “bull run launch” every four years. The last was in 2020, when BTC/USD broke beyond its prior all-time high (ATH) to hit its current $69,000 record a year later.</p>
<p>The next point of interest is thus November 2024. Until then, BTC price action will spend its time in a “mid cycle lull.”</p>
<p>“After Bitcoin bottoms, price makes an early first cycle move (orange) and enters into a mid-cycle lull,” CryptoCon continued.</p>
<blockquote><p>“This is the longest part of the cycle, where Bitcoin spends time around the median price (half of previous ATH), until the curve bottoms.”</p></blockquote>
<figure><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-09/1df2b507-a478-4fc9-bfab-ec1dc0d77630.jpeg" /><figcaption><em>Bitcoin November 28th Theory chart. Source: CryptoCon/X</em></figcaption></figure>
<p>He added that Bitcoin had “almost certainly” seen its early top, referencing the $31,800 local highs from July this year.</p>
<h2>A Bitcoin “bull market fakeout”</h2>
<p>As Cointelegraph reported, opinions on where BTC price action will go into the 2024 block subsidy halving differ.</p>
<p><strong><em>Related: Bitcoin halving can take BTC price to $148K by July 2025 — Pantera Capital</em></strong></p>
<p>Some argue that modest gains will be all that hodlers will see before the event, scheduled for April next year.</p>
<p>In an interview with Cointelegraph this week, Filbfilb, co-founder of trading suite Decentrader, nonetheless delivered a $46,000 target for the halving, with $35,000 slated for year end.</p>
<p>In his latest newsletter published on Sep. 5, meanwhile, CryptoCon summarized 2023 BTC price behavior as a “bull market fakeout.”</p>
<p>“This makes it appear as if the bull market has begun with the trigger of many signals, but then at some point, price fails to continue,” he wrote.</p>
<blockquote><p>“This is the most convincing example we’ve seen of this yet. Personally, I think there is still some time to go for that and I am patiently awaiting its completion.”</p></blockquote>
<figure><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-09/4ca7c08c-b62b-4efa-b9f3-2587f7a47311.png" /><figcaption><em>BTC/USD 1-day chart. Source: TradingView</em></figcaption></figure>
<p>BTC/USD traded at $26,200 at the time of writing on Sep. 8, per data from Cointelegraph Markets Pro and TradingView.</p>
<p>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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