Bitcoin’s 2025 Price Target Set At $175K Minimum, Analyst Predicts
Bitcoin’s (CRYPTO: BTC) price trajectory continues to capture attention as analysts forecast significant gains by 2025. Despite recent market fluctuations, experts maintain a bullish outlook, projecting substantial growth in the coming years.
What Happened: Bitcoin has consistently closed above $95,000 since Nov. 27, indicating robust investor interest. Despite market volatility, an Ernst and Young consultant remains optimistic about Bitcoin’s 2025 price potential.
Danny Marques, a researcher in the Bitcoin mining sector, shared insights from a study examining Bitcoin’s past bull cycles. The study analyzed Bitcoin’s post-halving performance and projected targets using Fibonacci extensions.
Marques noted that Bitcoin historically peaks around certain Fibonacci levels, with the minimum target for each cycle being the 1.618 level.
“During the last 3 cycles, Bitcoin has hit the 1.618 fib EVERY single time, just a fact. So with that in mind, we can deduce that the 1.618 fib for this cycle is a base case target at $173k. This represents a +78% move from current price,” he said.
See Also: Crypto Analyst Foresees Altcoin Rally And Sets Crucial Bitcoin Support …
About The Author
