Bitcoin has seen a blend of bulls and bears, staying below $60,000 over the past week, despite peaks above $73,000 in March. Analysts remain optimistic about Bitcoin's future.
Sminston With, a Bitcoin researcher, predicted future Bitcoin prices using the 'decaying peaks' model, which considers the diminishing returns in Bitcoin bull runs as the market matures. This model evaluates historical data from 2011, 2013, and 2017.
Using the model, With accurately predicted the 2021 cycle peak. Extending this framework, he forecasted a potential Bitcoin price of $164,000 for the 2024-2025 period, though he advises skepticism due to the limited data of four market cycles.
