Will Bitcoin hit $150,000 by 2025? One analyst thinks so, and here’s their reasoning.
The $150,000 Prediction
Crypto analyst TradingShot previously predicted Bitcoin could reach $150,000 during this bull run. With Bitcoin nearing $100,000, they’ve updated their analysis. Their chart shows Bitcoin breaking out of a consolidation period (March-October 2024), a breakout they attribute to the US presidential election results.
TradingShot points out that Bitcoin’s recent price action mirrors similar periods in 2017 and 2020, both times preceding major price rallies. They’ve noticed a pattern in the angle of Bitcoin’s price increase during these rallies, suggesting a potential target of $300,000 by May 2025 under a best-case scenario. However, they consider $150,000 a very realistic target, based on their technical analysis.
Other Perspectives: Cautious Optimism
Not everyone is as bullish. Analyst Kevin Capital notes significant liquidity around the $88,000 and $100,000-$103,000 levels, suggesting a wait-and-see approach is prudent.
Mikybull Crypto points out a sell signal for Bitcoin dominance, the first since 2020, suggesting an “altcoin season” is underway. Data shows altcoins have significantly outperformed Bitcoin recently, hinting at a potential Bitcoin price correction while altcoins rally.
The Current Situation
Currently, Bitcoin is trading around $95,600, slightly down in the last 24 hours. While the prediction of a $150,000 Bitcoin is exciting, other analysts urge caution, highlighting the potential for a price correction as altcoins take center stage.
