A cryptocurrency analyst has made a bullish forecast for Bitcoin (BTC), revealing the ultimate profit target for investors by 2025. The analyst’s report includes the exact number and time frame Another peak in the Bitcoin price. He advises investors and traders to act quickly and sell your Bitcoins after reaching this peak, warning of an impending bear market.
Here’s when to sell Bitcoin
Bitcoin is finally reaching its peak long-term bullish cyclewith Xanrox, cryptocurrency analyst at TradingView, projection market peak and cryptocurrency bear market timeline. The analyst mapped Bitcoin’s future price trajectory with Elliott wave theory and Fibonacci expansions.
Bitcoin, which is currently trading above the $94,000 level, is projected to reach a market high in the $115,000 to $125,000 range in 2025. The analyst’s chart shows the five-wave structure of Bitcoin’s current cycle, with Wave 5 is already progressing and is expected to reach upper resistance levels.
Based on the Xanrox chart, Bitcoin price movement is trading close to the long-term growth trend line from 2017 to 2021. The analyst revealed that this trend line, acting as resistance, will intersect with Bitcoin’s price in the coming months.
He highlighted the importance of this trend line as: sell signalemphasizing that investors should focus on this and set alerts when Bitcoin approaches this tipping point. The TradingView analyst further stated that once Bitcoin touches a long-term uptrend line, it will indeed happen time to sell and exit the market.
In addition to the trend line, Xanrox mentioned that the rate was 1.618 Fibonacci extension at $122,068 has become a significant inert resistance for Bitcoin. While the analyst forecasts Bitcoin prices to peak in 2025 between $110,000 and $125,000, he admits that other prominent analysts are likely forecasting a higher amount and almost impossible to achieve. price targets for the pioneering cryptocurrency.
He explained this prediction Bitcoin price up to $200,000 or $300,000 by 2025 was unlikely, citing already massive market capitalization as a deterrent to achieving these ambitious goals. Xanrox has indicated that its prediction for Bitcoin’s final profit target is a long-term analysis that will only be confirmed if there is a confluence of the rising trendline and Fibonacci levels.
For his short-term analysis, the analyst predicts that the price of Bitcoin will rise as high as $125,000. However, this significant growth is expected to follow Bitcoin’s experience: massive price crash to recent lows of around $85,000.
Bitcoin Bear Market Forecast
After Bitcoin reaches Xanrox’s predicted market high of between $115,000 and $125,000, the analyst predicts the leading cryptocurrency will enter the market prolonged bear marketmarking the end of the bull cycle. According to Elliott wave theory, wave 4 previously served as a liquidity point and key support around the $49,000 level.
Based on this trend, Xanrox predicted that Bitcoin could return to this bearish level, potentially finding support around $50,000-$60,000 during a bear market. The analyst revealed that this level of support could create entry point for whales and investors looking to accumulate. He also predicted that a Bitcoin bear market would likely occur in 2025–2026.
Featured image from Pexels, chart from TradingView
