Jun 6, 2025
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Bitcoin Cycle High Confirmed as $270,000 Target Postponed to 2026
Crypto analyst Dr Cat (@DoctorCatX) suggests Bitcoin's anticipated rise for 2024-25 may be delayed. He indicates that a "valid cycle high" has appeared on the weekly chart, pushing the market into neutral territory. Key points include:
- The immediate bullish outlook is limited until mid-July or potentially the first quarter of 2026.
- Dr Cat noted that optimism cannot resume until after June 9, as the Chiko Span has entered the candles, removing bullish bias from the weekly timeframe.
- A breakout above $99,881 in the week starting June 16 could trigger significant price movements towards $270,000.
- If Bitcoin falls below $93,200, the bullish momentum will be negated, delaying potential breakouts to late 2025 or early 2026.
- The short-term confluence zone is between $97–98K, with crucial indicators aligning there.
In terms of altcoins, Dr Cat predicts an even longer delay for upward movement. He identifies bearish factors affecting altcoins, including:
- Price below the weekly Kijun Sen.
- Negative Tenkan-Kijun cross.
- Chiko Span trapped beneath the candle range.
- Kijun Sen expected to decline next week.
He estimates only a 5% chance for a bullish altcoin surge in June, suggesting that significant movement for altcoins may not occur until August. Currently, BTC is priced at $103,072.
