Bitcoin Breaks Through $41k – New Path Towards $83,000 Ahead

According to the latest charts, it looks like Bitcoin is seeing extremely bullish moves ahead. Check out the new price prediction about the king coin below.

At the moment of writing this article, Bitcoin is trading in the green, and the king coin is priced at $41,604.

A popular crypto strategist has provided a roadmap for Bitcoin (BTC) to reach its long-term target of $83,000.

The pseudonymous analyst, known as Rager, has a considerable following of 199,900 on the social media platform X. Rager predicts that Bitcoin could experience a significant rally, reaching close to $50,000 by next month.

However, he also anticipates a sharp correction down to the $30,000 level as BTC approaches its 2024 halving. The halving event, which cuts BTC miners’ rewards in half, is scheduled for April 2024.

Despite the correction, Rager believes that Bitcoin will continue its upward trend after the halving, eventually surpassing its previous all-time high and reaching $83,000 by 2025.

“$48,000 by mid-January, followed by a pullback to mid/low $30,000. Rally post-halving, new high in late 2024.

Peak-high price in early/mid 2025. Q3 2025 ends bull market.”

As of now, the value of BTC is $41,433, which has increased by more than 11% in the past week.

When it comes to the top smart contract platform Ethereum (ETH), Rager believes that the primary cryptocurrency will rise further towards his expected target of $2,500.

“ETH slowly gaining strength over time

Eventually, price likely heads up toward $2,500 as a nice target.

Nice move this weekend but not always a fan of weekend pumps.”

In other recent news, an analyst who accurately predicted the peak of Bitcoin’s 2021 bull market is confident that the cryptocurrency will cause even the most stubborn of bearish traders to change their minds.

Going by the name Pentoshi, the analyst has shared on social media platform X that the U.S. Securities and Exchange Commission (SEC) has a little over a month to decide on several applications for spot market Bitcoin exchange-traded funds (ETFs).