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Here’s an End-of-2025 Price Target for Bitcoin (BTC), According to Trader That Called Bear Market Bottom

Here’s an End-of-2025 Price Target for Bitcoin (BTC), According to Trader That Called Bear Market Bottom

Daily HodlDaily Hodl2024/09/25 16:00
By:by Daily Hodl Staff

A popular trader known for several accurate crypto market calls is outlining his 2025 outlook for Bitcoin ( BTC ).

Pseudonymous analyst Dave the Wave tells his 146,900 followers on the social media platform X that Bitcoin could soar nearly 214% from its current value by the end of next year.

The analyst shares a chart using his own version of logarithmic growth channels (LGC) which aim to forecast market cycle tops and bottoms while filtering out short-term volatility and noise.

“BTC technical target of $200,000 end of 2025.”

Here’s an End-of-2025 Price Target for Bitcoin (BTC), According to Trader That Called Bear Market Bottom image 0 Source: Dave the Wave/X

He also says that Bitcoin appears to be forming a cup-and-handle pattern on the weekly chart. A cup-and-handle formation is typically viewed as a bullish continuation pattern, suggesting that an asset is taking a breather after a steep rally before taking out a key resistance level.

“BTC cup and handle anyone?”

Here’s an End-of-2025 Price Target for Bitcoin (BTC), According to Trader That Called Bear Market Bottom image 1 Source: Dave the Wave/X

Lastly, he suggests that Bitcoin may finish the year off in an uptrend as the flagship crypto may be printing a bullish pattern on the daily chart of higher low prices and higher high prices.

“Setting up for a BTC 4th quarter fireworks? Does this mark the beginning of the turnaround with local higher lows and higher highs?”

Here’s an End-of-2025 Price Target for Bitcoin (BTC), According to Trader That Called Bear Market Bottom image 2 Source: Dave the Wave/X

Bitcoin is trading for $63,700 at time of writing, up 7% in the last seven days.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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