Well-known analyst Matthew Hyland says Bitcoin (BTC) will invalidate one of its most famous price patterns this cycle, with $ 1 million in focus for 2025.

In one a bunch of tweets On Nov. 9, Hyland, who has built a loyal following for his Bitcoin commentary for years, predicted that only one of two inventory flow patterns would survive 2022.

Goodbye, $ 288,000 goal in stock?

With $ 100,000 still a high but reasonable year-end price for 2021, attention is focused on what could be exceeded.

For Hyland, new major investors will play a key role in the development of BTC price during the current halving cycle, which is expected to end in 2024.

An extensive advertising campaign by these big players will attract retail investors, he said – and it will begin once it hits $ 100,000 and validate the stock-to-flow (S2F) model created by quantum analyst PlanB.

“I believe that the S2X model will be the catalyst for the later stages of the run because when PlanB gets down to the S2F model (100th He explained.

Then the stock-to-flow cross-asset model (S2FX), which calls for an average price of $ 288,000 during this cycle, should be a glimmer of hope to start with – but BTC / USD won’t make it in the end.

“I believe this will be a ‘Sell the News’ event, but it is being pushed to the public by the big players to provide enough liquidity for the big players to sell at a higher price than they want,” he continued.

“$ 288,000 will be the target price, it will drop to $ 250,000.”

However, if S2FX is effectively “disabled”, the campaign will not stop; in 2025, the year after the next halving cycle began, ostensibly due to a new parabolic line, it will be $ 1 million per bitcoin in 2022.

“The S2X model ($ 288,000) will no longer be valid, but the S2F ($ 100,000) model will remain intact and predict that Bitcoin will reach $ 1 million by 2025,” wrote Hyland.

“This will also be used by the big players in the next few years!”

$ 1 million BTC in 2031? “Sure,” said Bobby Lee

Hyland finally reiterated its price forecast from January 2022, which seems incomprehensible at the current level: Bitcoin reached a quarter of a million dollars.

Related: Bitcoin Continues To Fall Before BTC Hits $ 70,000, Trader Says

Others also look beyond the current cycle.

Bobby Lee, the former CEO of the BTCC exchange and now the creator of the Bitcoin Ballet wallet service, suggests that a Bitcoin price of $ 1 million is all but guaranteed by the 2030s.

“In 10 years, at the end of 2031, Bitcoin will experience another halving of the reward by 3 blocks. This reduces the block reward to just 0.78 BTC per batch, which equates to a daily re-release of just 112.5 BTC in total. It’s going to be very close. Get ready and HODL! “he Written Wednesday.

“Until then, secure Bitcoins worth millions of dollars!”

As Cointelegraph reported, it may not even have been practical to measure the value of Bitcoin in fiat currency at the time.