Can Bitcoin Hit New Record Highs 'Within A Year?' Odds Favor BTC Bulls

BTC

BTC/USDT

$79,699.35

-0.32%

$79,699.35

-0.32%

(24s)

24h Volume

$7,849,235,503.22

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

Cointelegraph Staff

(10:58 AM UTC)

1 min read

Reviewed bySarah Chen

Bitcoin (BTC) has a nearly 80% chance of hitting new all-time highs by 2027 if BTC price history repeats.

Key points:

Bitcoin reduces its drawdown from all-time highs from 50% to 35% with its rebound to $80,000.
History shows that new all-time highs have come within a year during similar events.
The Buffett indicator could be calling Bitcoin's new $160,000 record highs in advance.