Bitcoin Could Rise 52% to $166,000 by September, Analyst Says
Bitcoin has been showing strong growth recently, driven by large purchases from institutional investors. This demand helped push its price to around $110,386, getting very close to its all-time high of just over $111,000.
With strong momentum building, analysts believe Bitcoin could rise even higher—possibly by 52% within the next three months.
Analyst Uses Fibonacci Model to Predict $166,000 Target
Crypto analyst CryptoCon has used a popular technical tool called the Fibonacci extension to predict Bitcoin’s next price target. According to his model, the next big price level is $166,754.
This number comes from the 5.618 Fibonacci level, which has matched important price points throughout this market cycle. For example, previous levels correctly aligned with prices like $30,362, $46,831, $71,591, and most recently $109,236.
CryptoCon’s model has been reliable over the past two years, and with Bitcoin now sitting just above the 4.618 Fibonacci level, a 52% price jump would bring it to the next target at $166,754.
September Becomes New Target Date
Although the price target of $166,000 hasn’t changed, the expected timeline has been updated. CryptoCon now believes Bitcoin could reach this level by September 2025.
He noted that this current bull market is taking longer than previous cycles. It started in late 2022, after Bitcoin hit a low of around $15,000, and has now lasted almost three years. However, he believes the bullish cycle is still ongoing, so it’s just a matter of waiting.
Currently, Bitcoin is trading around $109,110. If it reaches the $166,000 mark in the coming months, the next possible target using the Fibonacci model could be $254,162, based on the 6.618 extension level.
