Bitcoin Could Reach $180,000 in 90 Days, Says GMI Analyst

Julien Bittel from Global Macro Investor shared a roadmap proposing that Bitcoin's Relative Strength Index (RSI) is oversold, suggesting a potential surge in price. He believes this setup could extend the market cycle to 2026, challenging the traditional four-year cycle.

Bittel's chart shows Bitcoin's trajectory post-RSI drop below 30, hinting at a sharp rally within 90 days, possibly reaching $180,000.
The chart isn't a precise forecast but offers a framework assuming the bull market continues.
Bittel dismisses the notion that Bitcoin's cycle is tied to halving events, attributing it instead to public debt refinancing cycles.
He argues the cycle has shifted due to increased debt term structures post-COVID.
The crypto community's response varied from enthusiasm to skepticism regarding the forecast.
Critics like Charles Edwards questioned the statistical validity of the limited data set used for predictions.

At the time of reporting, BTC traded at $87,330.