Bitcoin Price Prediction 2025: Analyst Maps Potential High Targets For BTC Price
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At the beginning of 2023, Bitcoin experienced a dip below $20,000, but various factors such as the deepening banking crisis in the U.S., the weakening dollar index, and cooling inflation have rejuvenated Bitcoin and other cryptocurrencies, positioning them as an attractive alternative to the conventional banking system. This recent financial crisis in the U.S. has further fueled the appetite for cryptocurrencies.
However, there are conflicting views about Bitcoin’s future. Some traders, corporates, and large institutions hold a bearish stance and believe that the recent rally is a “bull trap” rather than a sustainable “bull run.” They express concerns that if Bitcoin fails to hold the psychological support at $30,000, it could potentially drop to $10,000.
Technical Analysis Reveals Bright Future for BTC
But TechDev, a prominent crypto analyst, in platform X reveals that the future of Bitcoin is bright. To back his stance he is closely monitoring the global liquidity cycles, comparing the Chinese 10-year bonds (CN10Y) against the US dollar index (DXY) and analyzing the aggregate major central bank balance sheet to track money-printing activities.
According to TechDev’s analysis, global liquidity seems to be on the verge of an uptrend, with major central banks expanding their balance sheets. Bitcoin, interestingly, seems to closely follow this trend, indicating the possibility of substantial price acceleration in the following months.
It is worth noting that, if Bitcoin continues on this trajectory, it could align with TechDev’s logarithmic growth curve (LGC) sometime before 2025. LGCs are designed to estimate Bitcoin’s long-term highs and lows, focusing on the overall trend while disregarding short-term volatility.
The analyst further speculates that the upper bound of the LGC could be in the price range of $100,000-$140,000. However, he acknowledges that this estimation is a soft approximation based on specific LGC curve parameters and impulse steepness. With Bitcoin currently trading at $29,186, hitting $140,000 would require a remarkable 380% price surge.
As traders closely monitor the chart, Bitcoin’s Bollinger bands width (BBW), which hovers slightly above 0.50, they anticipate the possibility of an explosive move in any direction following a period of low volatility. TechDev’s analysis has ignited a fresh spark in the crypto enthusiasts and only time will tell what BTC will do before halving?
