Ali Martinez predicts bitcoin’s growth to $ 250,000 in the near future

Ali Martinez, a well-known crypto analyst , predicts that bitcoin BTC $102,555.00 Mezo Wrapped BTC -3.60% Market capitalization $53.84 million VOL. 24 hours $3.77 billion could reach $ 250,000 in the coming weeks if the market trends of previous cycles are repeated. He justifies his assumption by comparing the current dynamics with the previous bullish periods of 2016−2017 and 2020−2021, when the market demonstrated a powerful breakthrough after a consolidation phase.

According to Martinez, the MACD indicator, which measures the momentum of price movement, is moving back into the positive zone, a situation that preceded large-scale rises in previous cycles. In 2016, bitcoin rose by more than 4000%, and in 2020, by about 1500%. If history repeats itself, the analyst suggests that BTC could rise to $ 250,000 as early as December of this year.

However, the current market requires a much more powerful impulse to realize such a scenario. In early November, bitcoin consolidated around $ 110,000, and to move into an exponential growth phase, favorable macroeconomic conditions are needed, including a steady flow of institutional capital and renewed interest from retail investors.

Another analyst, Ted Pillows, believes that the current phase is not similar to the classic market peaks of the past. He recalls that bitcoin usually set historical highs after halving, followed by a sharp drop of 60−70%. This time, BTC updated its record price even before the 2024 halving, and the current growth is more stable.

According to Pillows, the prolonged consolidation above $ 100,000 indicates a strengthening of market positions and asset accumulation by institutional investors. Although a short-term pullback is possible, the analyst believes that this time the typical post-peak crash pattern may not be repeated. At the time of publication, bitcoin was trading at $ 107,598, down 3% on the day and 7% on the week.