Bitcoin’s price trajectory remains a hotbed of speculation as cryptocurrency researcher Sminston With suggests that the leading digital currency could soar to dizzying heights. With an analysis grounded in historical patterns, With posits that Bitcoin’s value might peak between $220,000 and $330,000, potentially doubling or tripling from its current level of $110,000 as of May 27, 2025. This forecast, based on a 365-day simple moving average (SMA) and a power law model, offers a tantalizing prospect for investors seeking the next big crypto boom. As explored in Bitcoin Traders’ Favorite Lottery Ticket for the First Half of the Year — The $300K BTC Call, such high price targets have captivated traders looking for substantial returns.
Cyclical Volatility: A Defining Characteristic
Bitcoin’s inherent volatility continues to defy the narrative of diminishing price swings. According to With’s analysis, the cryptocurrency’s price is still characterized by significant cyclical volatility, suggesting that Bitcoin’s notorious price fluctuations are far from becoming a thing of the past. This contradicts the increasingly prevalent belief that Bitcoin’s price cycles are mellowing over time. Instead, With’s model, which showcases Bitcoin’s price deviations from a power law fit, indicates that sharp price movements could be expected in the coming months—raising the stakes for both seasoned and novice investors alike.
Long-Term Holders Shake the Market
Adding another twist to Bitcoin’s volatile journey, long-term holders (LTHs) have recently offloaded a staggering $4.02 billion worth of BTC, marking the largest spending volume by the 1-to-5-year cohorts since February 2025. This surge, particularly driven by the 3-to-5-year cohort, signals potential profit-taking at play. According to data from Glassnode, this activity ranks fifth-largest in this cycle, with previous peaks reaching as high as $9.25 billion last October. The implications? Bitcoin’s price stability might face challenges if these movements coincide with increased exchange reserves.
Historical Context and Skepticism
While With’s predictions paint an optimistic picture, he’s quick to caution that his analysis is based on just four market cycles, urging investors to approach these projections with a healthy dose of skepticism. Historical data shows that Bitcoin’s value tends to overshoot trendlines during bullish phases—a pattern With’s model aligns with. Yet, the past is not always prologue, and the cryptocurrency market is notoriously unpredictable. With’s earlier prediction in Q3 2024 that Bitcoin would reach a six-figure price by January 2025, when BTC was hovering around $60,000, adds a layer of credibility to his current forecast.
Market Patterns and Technical Indicators
From a technical perspective, Bitcoin’s price has been carving out a series of higher highs and lows since it bottomed at $74,500. This pattern suggests potential for further upward momentum, though recent corrections have seen BTC dip below $108,000. As anonymous crypto trader TXMC points out, Bitcoin might be nearing the end of a green weekly streak—an indicator of possible consolidation or pullback. “BTC seven to eight consecutive green weeks are the longest streaks Bitcoin has managed since 2013, before it has pulled back or consolidated,” TXMC noted. This aligns with recent market observations where Bitcoin Surpasses $95K Amid Resilient U.S. Stocks, Analysts Voice Concerns Over Market Perception, highlighting the complex interplay between Bitcoin’s price movements and broader economic factors.
The Road Ahead
As Bitcoin hovers at a critical juncture, the market remains poised for potential upheaval. While With’s analysis offers an optimistic outlook, the cryptocurrency’s inherent volatility serves as a cautionary tale. Whether Bitcoin will indeed reach the forecasted heights remains to be seen, but one thing is certain: the ride will be anything but dull. As always, investors are advised to conduct thorough research and weigh the risks before making any moves in this ever-evolving market landscape. With uncertainties looming large, the crypto world watches with bated breath, ready for whatever twists and turns lie ahead.
Source
This article is based on: Bitcoin analyst says BTC price peak in $220K to $330K range still possible
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
