An analyst says that Bitcoin is well positioned to hit $200,000 in the next bull run.

 Trader Tardigrade, also known as Alan, also said $70,000 could be the bottom for Bitcoin in the next bear market.

• BTC price action is correlated with Bitcoin's four-year halving cycles. The next all-time high will be in 2025, with its block subsidy halving occurring a year prior,  Alan argues, and the path will be open to a giant $200,000.
  • "Bitcoin's well-formed structure with stochastic behavior indicates that the next ATH will be at $200,000 and next floor will be at $70,000," says Alan. 
• Investors are closely watching the next Federal Open Market Committee (FOMC) meeting, which will occur on Feb. 1. 
  • Marketing strategist The Carter says, "there will be blood on Feb. 1" after Fed chair Jerome Powell addresses the nation. 
  • Carter believes that the Fed will continue to tighten and implement restrictive policies.
• Powell previously mentioned a "broader tightening project" in three stages: rapid hikes to reach a neutral rate, measured hikes to reach a "sufficiently restrictive" rate, and staying at the terminal rate for some time. 
• The Federal Open Market Committee (FOMC) is expected to raise interest rates by 25 basis points, or one-quarter of a percentage point. 
  • The decision could encourage the market to "sell on the fact" if they do not hint at a rate hike pause at the March meeting and/or rate cuts within this year."