Analysts break down the step-like rising pattern of Bitcoin: Next target price 115,000 USD

Bitcoin is once again at the $107,000 mark, just one step away from its all-time high, and analyst Willy Woo predicts that BTC will stabilize at 8% CAGR. (Synopsis: The four major indexes of U.S. stocks all collapsed, and bitcoin bucked the trend and broke through $107,000, a difference of only 2.5% according to a record high) (Background supplement: banks can hold bitcoin in custody" FSC: Cathay Shihua, CITIC, KGI and Commonwealth Bank have applied for "virtual asset custody business") The cryptocurrency market continued to rebound slightly, trading at $107,061 at press time, up 1.25% in 24-hour volatility, according to CoinMarketCap. "$10,000 Ladder Up" Pattern Some market observers have pointed out that Bitcoin has shown an interesting "ladder" pattern in the recent rally. Analyst Trader Tardigrade found that BTC price increases show a phased pattern, with each rising band amplitude of about $10,000, with a brief pause after each rise. He mentioned the movement from $75,000 to $85,000 to $95,000 and more recently to $105,000. Each jump is usually followed by seven to ten days of relatively calm sideways consolidation. For traders, this pattern provides a predictable opportunity to take profits or open new positions. These consolidations can serve as new support levels, indicating buyers' willingness to re-enter the market. If this pattern continues, the next logical target could be $115,000, which is about 11% higher than the current price. According to Tardigrade, the $100,000 mark speaks for itself. This integer is not only an important psychological line of defense, but also forms a strong technical support. It is worth noting that after achieving an 11% rally in early May, Bitcoin still maintained a slight increase of 0.5% last week, which is a "slow bull" characteristic that is healthier and more sustainable than large fluctuations. $160,000 target Looking ahead, chart analyst CryptoCon offers a more optimistic outlook with a "golden ratio multiplier" model. According to CryptoCon, the golden ratio multiplier model is one of the few technical indicators that accurately predicted at the top of the Bitcoin cycle in April 2021. According to the model analysis, in March 2024, the market has already touched the middle top of the cycle, which means that the market is likely to test the top again. The current model shows a fifth level target of $160,000 and continued to rise, a trend similar to the 2015-2017 bull cycle – the current phase is equivalent to April 2017, on the eve of the bull market's main upward wave. Historical experience shows that this slow accumulation phase often indicates a possible acceleration in the future. It is worth noting that although this technical analysis has certain reference value, the target of $160,000 is based on the calculation results of a specific model, and the actual trend may be affected by a variety of factors. For the average investor, understanding this cyclical characteristic can help to grasp the rhythm of the market, but it is more important to manage risk well. Willy Woo: BTC CAGR will stabilize at 8% Analyst Willy Woo offers another perspective. He believes that Bitcoin has evolved from a volatile and explosive growth asset to a more mature financial instrument. While many still see Bitcoin as a soaring "wonder unicorn," Woo noted that the era of annual growth rates of more than 100% in 2017 is largely over. He marked 2020 as a key turning point, when Bitcoin became "institutionalized" as companies and sovereign entities began accumulating it. As more institutional capital comes in, Bitcoin's compound annual growth rate (CAGR) naturally drops from triple digits to around 30%-40% and continues to moderate in. Woo attributed this to Bitcoin's growing maturity and its growing role as a store of capital. He highlighted Bitcoin's status as a global financial asset, noting that it "will continue to absorb capital until it reaches its equilibrium point." Looking further into the future, Woo predicts that Bitcoin's compound annual growth rate will eventually stabilize at a level consistent with broader economic trends, possibly around 8% per year (combined with 5% long-term monetary expansion and 3% GDP growth). While this growth rate may seem insignificant compared to the early days, he remains confident in its long-term performance, concluding: "Until then, perhaps 15-20 years, enjoy the journey, because few publicly investable products can match Bitcoin's performance for a long time, even if Bitcoin's compound annual growth rate continues to decline." Related reports South Korean presidential candidate Lee Jae-myung pushes "won stablecoin" and opens pension funds to buy bitcoin, polls soar 49% Microsoft will support BTC, ETH, SUI, Microsoft Fabric to integrate real-time on-chain data for free Multi-army retreat vs air force: $100,000 has become BTC's "Maginot Line"? This article was first published on BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".