Bitcoin to trade at $180,000 on this date, according to expert

Bitcoin (BTC) could reach another record high above $150,000 in the coming years, with a long-term technical analysis projecting a potential cycle peak between $160,000 and $180,000 by early September 2029.

In a TradingView post on October 12, analyst TradingShot identified a potential profit-taking zone based on Bitcoin’s historical cycle peaks and a rising trendline dating back to December 2017. 

The analysis also highlighted an approximately 1,430-day interval between the last two cycle tops. The projection comes as Bitcoin trades at $83,280, down 3.31% over the past 24 hours.

According to the analysis, Bitcoin’s historical bull-cycle peaks have aligned with the ascending trendline, suggesting the cryptocurrency could approach it again in late 2029. 

The projected $160,000 to $180,000 range represents a potential profit-taking zone, not a guaranteed price ceiling.

At $180,000, Bitcoin would gain about 116% from its current price, while reaching $160,000 would require about a 92% increase.

The analysis also showed Bitcoin recovering from the recent low near $58,000, where it approached the rising 70-month moving average (MA). The subsequent rebound toward $80,000 brought the price back near the 50-week moving average, another technical reference point.