Crypto analyst TradingShot predicts that Bitcoin could reach $150,000 during this bull cycle, with potential for a peak as high as $300,000 by 2025. This projection hinges on Bitcoin’s current price action and historical patterns, with the flagship cryptocurrency now nearing the $100,000 milestone.
Bitcoin’s Road to $150,000
TradingShot emphasizes Bitcoin’s recent breakout from the 0.786 to 1.0 Fibonacci range, where it consolidated between March and October 2024. This breakout coincided with Donald Trump’s U.S. presidential election victory, which fueled market optimism.
The analyst draws parallels to previous bull markets:
- In 2017, Bitcoin rallied at a 71.5° angle between May and December.
- In 2020, it rallied at a slightly reduced angle of 68.5° between November and April 2021.
- TradingShot predicts the current cycle could follow a 65.5° angle, suggesting a more gradual but still significant rise.
Based on this trajectory, Bitcoin could potentially hit:
- $150,000 by 2025 as part of a sustainable rally.
- $300,000 if a double-top cycle occurs, similar to 2021.
Divergent Opinions on Bitcoin’s Next Move
Despite the bullish outlook, some analysts suggest caution:
- Kevin Capital highlights liquidity clusters at $88,000 (downside) and $100,000 to $103,000 (upside), urging traders to monitor the market carefully.
- Mikybull Crypto signals the start of altcoin season, noting a sell signal on Bitcoin dominance for the first time since 2020.
Altcoin Season Takes Center Stage
The Blockchain Center Altcoin Season Index indicates that 75% of the top 50 altcoins have outperformed Bitcoin over the past 90 days. This trend suggests that while Bitcoin consolidates or cools, altcoins may see significant rallies.
Current Market Snapshot
As of now, Bitcoin is trading at $95,600, showing slight losses over the last 24 hours (CoinMarketCap). The ongoing debate among analysts reflects the uncertainty surrounding its next move, particularly as altcoin season gains momentum.
