Bitcoin price is shown some volatility in recent times after being stagnant for over a week. While the short-term prediction appears to be bearish, the future projections are extremely bullish. Moreover, the previous price movement history and the current trade setup indicate the possibility of a fine upswing, which may be triggered only after dropping below $20,000 somewhere by the middle of 2024.
The star crypto, Bitcoin, always grows rapidly after the halving event. But around 16 months after the halving event, a notable crash kicks in. Hence, this may lead to a massive dump from the newly formed highs above $40,000 soon after the halving. This could be when a gigantic bull run begins, leading to new highs above $100K and reaching close to $120K during Q3 2025.
In the above chart, the 0.618 FIB and 0.382 FIB have always been strong levels for Bitcoin in recent times. Previously, the 0.61b FIB levels offered a strong base to trigger a massive upswing to mark the current highs close to $70,000. In the present case, these levels may continue to remain support levels, which may propel the price beyond $100K in the coming days.
After forming new highs at $120K in Q3, 2025, Bitcoin may again begin with a steep bearish trend, which may transform into a bear market in 2026. The previous bear markets have resulted in a crash of over 75% to 80%, the highest being 93.75% in 2011. Therefore, if a 70% crash is considered for the 2026 bear market, then the bottoms may not drop below $41,000 just a few months before the fifth halving in 2028.
