Crypto analyst Sykodelic predicts Bitcoin will reach between $380,000 and $450,000 by March 2028, arguing that the current bear market is a mid-cycle correction rather than the end of the bull cycle. His forecast relies on the 200-week simple moving average multiplied by five, which already sits at $320,000, and a quantile-95 statistical band near $330,000. Bitcoin is currently trading above $64,000, having experienced weakness due to investor caution ahead of the US Federal Reserve’s policy decision and continued outflows from spot Bitcoin ETFs. Critics, including a data scientist, dispute this analysis, arguing that no Bitcoin top has ever arrived before a halving and that Sykodelic’s methodology contains inconsistencies with previous cycles.
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