A cryptocurrency analyst has made a bullish prediction for Bitcoin (BTC), revealing the ultimate profit target for investors by 2025. The analyst report provides an exact number and time range for Next highest bitcoin price. Investors and traders are advised to act quickly and Sell their Bitcoin Once it reaches this peak, it warns of an impending bear market.
Here’s when to sell Bitcoin
Bitcoin is finally approaching its peak Long-term upward cycleWith Xanrox, the cryptocurrency analyst on TradingView, Projection Market top and cryptocurrency bear market timeline. The analyst plotted Bitcoin’s future price path using… Elliot wave theory And Fibonacci extensions.
Bitcoin is currently trading above the $94,000 mark, and is expected to reach a market peak between $115,000 and $125,000 in 2025. The analyst’s chart identifies a five-wave structure in Bitcoin’s current cycle, with Wave 5 It is already advancing and is expected to reach the upper resistance levels.
Based on Xanrox chart, Bitcoin price movement It is trading closely along a long-term upward trend line from 2017 to 2021. The analyst revealed that this trend line, which acts as resistance, is set to cross with Bitcoin price in the coming months.
He stressed the importance of this trend line as… Sell signalhighlighting that investors should focus on it and set alerts as Bitcoin approaches this critical point. The TradingView analyst also announced that once Bitcoin touches the long-term uptrend line, it is It’s time to sell and get out of the market.
In addition to the trend line, Xanrox mentioned a level of 1,618 Fibonacci extension The price of $122,068 has become a major fixed resistance for Bitcoin. While the analyst has predicted a peak price of between $110,000 and $125,000 for Bitcoin in 2025, he admits that other prominent analysts are likely predicting an even higher and almost impossible rise. Price targets For the leading cryptocurrency.
He explained that prediction Bitcoin price reaches $200,000 Or $300,000 by 2025, which is unlikely, given the cryptocurrency that already exists. Huge market value As a deterrent to these ambitious goals. Xanrox noted that his prediction of the ultimate profit target for Bitcoin is a long-term analysis and will only be confirmed when the convergence of the ascending trend line and Fibonacci levels occurs.
For his short-term analysis, the analyst expects Bitcoin to rise to $125,000. However, this significant increase is expected to come after Bitcoin’s experience Massive price collapse to new lows of around $85,000.
Bitcoin Bear Market Forecast
After Bitcoin reaches Xanrox’s expected market peak between $115,000 and $125,000, the analyst expects the leading cryptocurrency to enter a… Long bear marketmarking the end of the Taurus cycle. According to Elliott Wave Theory, wave 4 was a liquidity point and critical support around the $49,000 level.
Based on this trend, Xanrox predicts that Bitcoin could pull back to this bearish level, potentially finding support between $50,000 to $60,000 during a bear market. The analyst revealed that this support level could be created Entry point For whales and investors looking to accumulate. He also predicted that a bear market for Bitcoin will occur between 2025 and 2026.
Featured image from Pexels, chart from TradingView