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Bitcoin’s price has once again been the subject of much attention. continues its upward climb In what seems to be the end of the bull cycle. The bull is riding on your back. macroeconomic optimism Technical analysis predicts a final boost to a new ATH of $120,000. The price of the cryptocurrency is expected to drop to $60,000. This will signal the end of the bull market. onset of the bear market.
Bitcoin price to surpass $120,000 in 2025
Xanrox has been a Crypto analyst for many years. shared A new Bitcoin price prediction TradingView predicts a bullish surge to a high new record and then a major crash. This crypto analyst, who has a positive outlook for Bitcoin’s future, confirmed it. final stages of this bullish cycleThis means that cryptocurrency prices are on the verge of their biggest price explosion yet.
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Analyst shared an insight Elliott Wave technical chartThis indicates that Bitcoin has entered Wave 3 in a 5-wave pattern, which forms an ending diagonal. The structure is usually the last stage in a bullish pattern, before it reaches a downward spiral. major correction.
Xanrox believes that Bitcoin is likely to enter the final two wave stages of Wave 4 and 5 before reaching a peak in its cycle. According to Xanrox’s analysis, this bull cycle will peak between $120,00 and $125,000. In more detail, he points out that a Fibonacci Extension of 1.618 is at $122,069 and could be the top of this bull-cycle.
TradingView’s analyst notes this Fibonacci Target is also the best price to sell And prepare yourself for the predicted bear market. Note that this price is in line with a trend line that runs from Bitcoin’s 2017 high to 2021’s top, and then the next forecasted 2025 ATH.
Bitcoin’s historic price behaviour reveals an inverse relationship between the Simple Moving Average (SMA) and the 50-week moving average. This confirms the analyst’s belief in a possible rally up to $122,069 Analysis shows that Bitcoin has bounced or corrected off this moving average at key points during past cycles. This pattern lends credence to a bullish outlook.
The next 50% price drop to $60,000
Analyst warns that despite Xanrox’s optimistic projections for 2025 the impending price collapse is imminent Bitcoin market crash The year 2026. After the final bullish wave of cryptocurrency. tops outAnalysts predict a sharp correction that could bring the price to as low as $60,000. The projected drop of 50% is similar to past cycles, especially the steep corrections seen during the bear markets in 2018 and 2022.
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This chart shows that this price drop is part of a natural ending to Bitcoin’s 4-year cycleThe company warns that investing at the projected high of $122,069 can expose investors to downside risks. Xanrox suggests preparing for the bearish shift by selling out of the market in the sell zone previously outlined and then waiting to reenter the market during the anticipated 2026 drop.
Chart by Tradingview.com. Image from Getty Images.
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Source: www.newsbtc.com
