Here’s When Bitcoin Will Reach $200,000, According to Leading Analyst

Bitcoin's Path to $200,000

Here’s when Bitcoin will reach $200,000, according to expert analysis. After struggling to maintain its price above $60,000, Bitcoin (BTC) is now poised for a potential surge to new highs. This aligns with typical post-halving behavior, prompting analysts to predict a major rally.

Historical Price Patterns

Analyst TradingShot draws comparisons between historical price patterns and current indicators. They project a potential peak of $200,000 by late 2025 or early 2026, based on Bitcoin's previous cycles. For instance, the previous bull run from 2015 to 2017 lasted 1,064 days, suggesting a similar duration until Bitcoin's next high.

Cyclical Trends to Monitor

• The Cyclical Pivot trendline indicates a significant resistance that Bitcoin is currently approaching.
• The transition from bear to bear phase showcases consolidation and accumulation, typical before a bull market.
• Key technical indicators complement the bullish outlook, primarily focusing on the 50-week moving average.

Key Price Levels for Bitcoin

In aiming for ambitious targets of $250,000 to $400,000, several key levels must be monitored closely, especially the $60,000 mark. A definitive move above this could signal a new bullish phase.

As of now, Bitcoin trades at $59,380, showing a slight decline. Monitoring these indicators will be critical for understanding Bitcoin's trajectory over the forthcoming two years.