A crypto analyst has made a bullish prediction on Bitcoin (BTC), revealing the ultimate profit target for investors by 2025. The analyst report provides an exact figure and time range for The next maximum price of Bitcoin. Advises investors and traders to act quickly and sell your bitcoins once it reaches this peak, warning against an impending bear market.
Here is when to sell Bitcoin
Bitcoin is finally approaching the climax of its long term bull cyclewith Xanrox, a crypto analyst at TradingView, outgoing a market top and cryptocurrency bear market timeline. The analyst has mapped the future trajectory of Bitcoin price using the Elliott wave theory and Fibonacci extensions.
Currently trading above the $94,000 mark, Bitcoin is forecast 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 progressing and is expected to reach higher resistance levels.
According to the Xanrox chart, Bitcoin price movement has traded closely along a long-term ascending trend line from 2017 to 2021. The analyst revealed that this trend line, which acts as resistance, will intersect with the price of Bitcoin in the coming months.
He highlighted the importance of this trend line as sale signhighlighting that investors should focus on it and set alerts as Bitcoin approaches this critical point. The TradingView analyst further stated that once Bitcoin touches the long-term ascending trend line, it is It’s time to sell and get out of the market..
In addition to the trend line, Xanrox mentioned that the 1,618 Fibonacci extension at $122,068 has become a major static resistance for Bitcoin. While the analyst has projected a price peak between $110,000 and $125,000 for Bitcoin in 2025, he acknowledges that other prominent analysts will likely project higher, near-impossible levels. price targets for the pioneer cryptocurrency.
He explained that predicting Bitcoin price at $200,000 or $300,000 by 2025 was unlikely, citing cryptocurrency already massive market capitalization as a deterrent to these ambitious objectives. Xanrox indicated that its prediction of Bitcoin’s ultimate profit target is a long-term analysis that will only be confirmed when the confluence of the ascending trend line and Fibonacci levels occurs.
For his short-term analysis, the analyst predicts that Bitcoin will rise to $125,000. However, this significant rise is expected to come after Bitcoin experiences a massive price drop to new lows of around $85,000.
Bitcoin Bear Market Prediction
After Bitcoin reaches Xanrox’s projected market peak between $115,000 and $125,000, the analyst predicts the leading cryptocurrency will enter a prolonged bear marketmarking the end of the bullish cycle. According to Elliott wave theory, wave 4 previously served as a crucial liquidity and support point around the $49,000 mark.
Based on this trend, Xanrox predicted that Bitcoin could pull back to this bearish level, potentially finding support between $50,000 and $60,000 during the bear market. The analyst revealed that this level of support could create a entry point for whales and investors looking to accumulate. He also predicted that the Bitcoin bear market would likely occur between 2025 and 2026.
Featured image from Pexels, chart from TradingView
