Bitcoin price could rise to $160.000-$180.000, analyst says

The Bitcoin price is currently in an annoying consolidation phase, but according to one analyst, that is precisely the moment when the biggest price movements are being built. The pattern that is now emerging was seen earlier in the previous cycle: months of frustrating price action, sentiment at a low point and investors starting to lose confidence. Yet this could well be the prelude to a significant rally towards $160.000 to $180.000.

Bitcoin is available at OKX and Bybit.

The same cycle repeats itself

On a three-day chart from Coinbase, it is clearly visible how Bitcoin, after a strong rise, consistently goes through the same structure. After the rally, a period of lower volatility follows during which the price moves sideways. Analyst @eliz883 points to the striking similarity with the consolidation phase from the previous cycle, around 2021 and 2022. Back then, a similar prolonged range ultimately also led to a significant breakout.

At the moment, Bitcoin is trading around $64.500, a small increase of 0.5% in the past 24 hours. This means the price remains stuck in a narrow range, which feels frustrating for many investors.

No wild promises, but realistic opportunities

The analyst explicitly warns against exaggerated price targets and sensational predictions. Technical analysis is about assessing opportunities, not making unrealistic promises. If the current pattern fully repeats itself and Bitcoin actually breaks out, then a price between $160.000 and $180.000 is, according to him, already an extraordinary result and fully in line with a meaningful cyclical expansion.

According to him, the key lies not in guessing the absolute peak, but in maintaining patience. Major trends almost always emerge at the moment when most people have stopped believing. Those who now succumb to the noise of negative sentiment risk missing the most important move. Earlier, other analysts also warned that the Bitcoin price could remain around $60.000 for a long time this summer, which further reinforces the idea of a prolonged consolidation.