Bitcoin’s price has seen a slight increase in the last few hours after a significant geopolitical event unfolded. President Donald Trump’s announcement of a successful airstrike on Iranian nuclear facilities has injected a degree of unpredictability into global markets, with Bitcoin reacting to these developments. Despite this short-lived price bump, Bitcoin finds itself in a corrective phase, struggling to break the $110,000 resistance level as it contends with both global uncertainty and technical stagnation.
A Tale of Two Price Targets
In this climate of uncertainty, crypto analyst On-Chain College has emerged with an intriguing perspective on Bitcoin’s future price trajectory. Through a recent post on the social media platform X, the analyst outlines two potential price targets using the Mayer Multiple—a metric that evaluates Bitcoin’s price relative to its 200-day moving average. By examining historical price behavior, the Mayer Multiple suggests whether Bitcoin is overvalued or undervalued.
Since the bull market commenced in the latter part of 2024, Bitcoin has oscillated between key valuation bands: the 1.0x band (200DMA) and the 1.5x band, marking the mid-price range zone. The current struggles of Bitcoin have sparked speculation about a market top, yet On-Chain College’s analysis indicates there’s still room for upward movement. The immediate price targets for Bitcoin are set at $96,000 (1.0x) and $144,000 (1.5x). These figures, while ambitious, align with the cryptocurrency’s historical price behavior. As explored in Bitcoin price targets mushroom as traders bet on $140K+ this bull run, the market’s optimism is palpable.
Room for Growth or a Return to Stability?
The prospect of Bitcoin reaching $144,000 could rekindle its bullish momentum, driven by its defined range-bound movement. However, On-Chain College also warns of the equal probability of a pullback to $96,000. Such a drop could serve as a means to flush out weak hands, paving the way for a robust bullish reversal. This duality in potential outcomes underscores the complexity of predicting Bitcoin’s trajectory in the coming months.
Currently, Bitcoin is trading at $102,700, experiencing a slight decline of 1.50% over the past 24 hours. The cryptocurrency has also faced losses of 2.94% and 8.08% on weekly and monthly charts, respectively. Despite these setbacks, the overall market sentiment remains neutral. According to analysts at CoinCodex, there’s an anticipated price breakout on the horizon, with a bold prediction of Bitcoin reaching $136,472 within the next five days. It’s an audacious forecast, hinting at a possible cycle market top. For a broader perspective on potential market peaks, see Historical Bitcoin trend calls for $330K BTC price before bull market ends.
Navigating the Path Ahead
These predictions are not without their caveats. While the Mayer Multiple provides a valuable framework for assessing Bitcoin’s valuation, the inherent volatility of the cryptocurrency market means that projections can be subject to rapid changes. Analysts at CoinCodex have noted that a three-month outlook includes a forecasted price of $138,379, while a six-month prediction suggests $116,115. These figures highlight the dynamic nature of Bitcoin’s market behavior.
As Bitcoin meanders through this uncertain terrain, the broader cryptocurrency community is left to ponder its next moves. The interplay between geopolitical events, market sentiment, and technical indicators will continue to shape its path. While the road ahead remains uncertain, the allure of significant price targets—whether $96,000 or $144,000—keeps investors on their toes, eagerly anticipating the next chapter in Bitcoin’s ever-evolving story.
Source
This article is based on: $96k Or $144k? Bitcoin Mayer Multiple Chart Price Target Options
Further Reading
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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.
