Bitcoin Price: This Trading Giant Who Called Bitcoins 2025 Peak Just Made Another Bold 420 Price Prediction

"Bitcoin has shattered all-time highs, reaching $126,200 on Monday before pulling back to $124,500 on Tuesday. The cryptocurrency's historic rally has left investors wondering what's next. According to Matthew Sigel from VanEck, who accurately predicted Bitcoin's 2025 peak, the digital asset could reach an "equivalent value" of $644,000 by the next halving in 2028.
Sigel's bold prediction comes as gold prices hit record highs near $4,000 per ounce, creating a new benchmark for Bitcoin's potential market capitalization. "The lack of new catalysts is one of the key reasons for crypto's current stagnation," says Ruslan Lienkha, chief of markets at YouHodler. "This period of consolidation also suggests that investors are hesitant to commit new capital to high-volatility assets while equity valuations remain inflated."
Despite the market's current stagnation, some analysts are predicting a major October rally. A crypto analyst's AI-based bootstrapped simulation chart suggests that half of the month's gains may have already been realized, with a 50% probability that BTC could end the month above $140,000. Timothy Smith, a financial expert, notes that investors should watch major support levels on Bitcoin's chart around $107,000, $92,000, and $74,000.
As the cryptocurrency market continues to evolve, one thing is clear: Bitcoin is on the rise. With analysts predicting a potential surge to $644,000 by 2028, investors are taking notice. The question on everyone's mind is: what's next for Bitcoin?",
"tags": ["bitcoin", "cryptocurrency", "price prediction", "analysts", "market capitalization", "gold prices", "halving", "2028"]
}