A cryptocurrency analyst has issued an optimistic forecast regarding Bitcoin (BTC), outlining the potential profit target for investors by the year 2025. His analysis includes a specific price point and a timeframe for Bitcoin’s impending price peak. He recommends that investors and traders take immediate action and consider selling their Bitcoin upon reaching this anticipated high, warning of an impending bearish market.
Optimal Timing for Selling Bitcoin
Bitcoin is nearing the peak of its long-term bullish trend, with Xanrox, a crypto analyst on TradingView, forecasting a market climax and outlining the timeline for a potential crypto bear market. The analyst has utilized the Elliott Wave Theory alongside Fibonacci extensions to map Bitcoin’s anticipated price movement.
Currently valued above $94,000, Bitcoin is projected to reach a market peak in the range of $115,000 to $125,000 by 2025. The analyst’s chart suggests a five-wave structure in Bitcoin’s ongoing cycle, with Wave 5 currently advancing and expected to hit upper resistance barriers.
According to Xanrox’s analysis, Bitcoin’s price trajectory has consistently followed an ascending trendline from 2017 to 2021. The analyst pointed out that this trendline, serving as resistance, is set to intersect with Bitcoin’s price in the near future.
He emphasized the significance of this trendline as a indicator to sell, urging investors to track it closely and set alerts as Bitcoin approaches this level. The TradingView analyst further asserted that when Bitcoin nears the long-term ascending trendline, it will be time to sell and exit the market.
In addition to the trendline, Xanrox noted that the 1.618 Fibonacci extension at $122,068 has become an important static resistance for Bitcoin. Although the analyst expects a price peak for Bitcoin between $110,000 and $125,000 by 2025, he concedes that other leading analysts are likely to forecast significantly higher and often ambitious price targets for the pioneering cryptocurrency.
He clarified that speculating Bitcoin’s price reaching $200,000 or $300,000 by 2025 is improbable, citing the cryptocurrency’s significant market capitalization as a factor that makes such targets difficult to achieve. Xanrox concluded that his forecast for Bitcoin’s ultimate profit target is a long-term estimate that will gain validation at the intersection of the ascending trendline and Fibonacci levels.
For short-term projections, the analyst predicts that Bitcoin could rise to as much as $125,000. However, this considerable gain is anticipated to follow a significant price decline to around $85,000.
Forecasting a Bitcoin Bear Market
Following the anticipated market peak within the range of $115,000 to $125,000, Xanrox foresees that Bitcoin will enter a prolonged bearish phase, signaling the conclusion of the bull cycle. According to the Elliott Wave Theory, Wave 4 previously functioned as a liquidity point and essential support around the $49,000 level.
In line with this trend, Xanrox suggests that Bitcoin may pull back to this lower level, likely finding support in the range of $50,000 to $60,000 during the bear market. The analyst indicated that this level could present an opportune entry point for whales and investors seeking to accumulate. He also forecasts that the bear market for Bitcoin is likely to occur between 2025 and 2026.
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