Bitcoin Price Set to Reach $150,000 by Mid-2025 According to Analyst
Analyst Predicts Bitcoin's Price Path to Historic Highs
Bitcoin's (BTC) recent momentum above $60,000 is setting the stage for what could be its next historic rally. According to a recent analysis by TradingShot, shared on TradingView on August 14, the maiden cryptocurrency might be on track to reach an all-time high of $150,000 by mid-2025.
Key Indicators for Bitcoin's Rally
The prediction is based on the one-month (1M) timeframe, specifically examining the implications of the Moving Average Convergence Divergence (MACD) bullish cross, a key indicator of bullish momentum in the market.
- Support Level: $24,000 at the 0.786 Fibonacci retracement
- Resistance Level: $100,000, seen as the next key target
Historical Context and Future Projections
Historically, this level has acted as a strong support zone during consolidation phases, often signaling a potential bullish reversal. Analysis shows that previous bull cycles saw Bitcoin peaking 24 months after MACD crosses. This cycle projects a potential Bitcoin peak around mid-2025, likely in June.
The Channel Up Pattern
Another critical element of the analysis is the Channel Up pattern, suggesting Bitcoin could target values between $200,000 and $300,000. However, a more cautious approach still points to a price target of $150,000 by mid-2025.
Conclusion
In conclusion, based on historical patterns, Fibonacci levels, and MACD analysis, Bitcoin is currently in a consolidation phase that often precedes a significant second rally within the current bull cycle. If these trends continue, Bitcoin could reach a price of around $150,000 by mid-2025, with the possibility of higher gains depending on market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.