CandleFocus Bitcoin analyst predicts BTC's minimum price target for this cycle
2025-01-16
Author: Content Editor
Bitcoin's price cycle is gaining traction, with analysts using Fibonacci extensions to predict its peak in the current market cycle. TradingShot's analysis suggests a minimum peak of $185,000 based on historical patterns. Other experts have even more optimistic predictions, with one analyst forecasting a peak of $300,000 by 2025. However, more conservative projections place Bitcoin's peak between $115,000 and $140,000. Bitcoin recently reached $100,000 following the release of U.S. Consumer Price Index data, boosting risk assets like Bitcoin. Analysts remain optimistic about Bitcoin's performance in 2025, with factors such as the election of a pro-crypto advocate like Donald Trump and institutional investor involvement contributing to market confidence. Standard Chartered predicts Bitcoin could reach $200,000 by 2025. At the time of writing, Bitcoin is trading at $99,181.
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