A top crypto analyst known for his accurate Bitcoin price crash prediction has resurfaced, but this time with a bullish take. As the crypto market continues its downtrend, the affected cryptocurrencies, including Bitcoin and others, are struggling. As a result, it is building fear among investors. Interestingly, a few experts believe this is nothing new to the BTC’s price journey. More importantly, it is set to reach the $200k mark. How? Let’s discuss this.
Crypto Analyst Predicts Bitcoin Price to Hit 200k in 2025
Despite the lingering fearful sentiments among investors, a renowned pseudonymous crypto analyst, Dave the Wave, predicts that the biggest crypto is going to hit $200k within this year. In an X post, he analysed the Bitcoin chart and claimed it would see $200k at the end of the year.
A BTC repeat would see 200K at the end of the year.
His analysis is based on the BTC price chart that formed the ascending parallel channel and several other indicators. The analyst believes that the token has been in a bullish pattern since 2022, with a top of $200k as the upper boundaries align with that.
More importantly, The Bitcoin price chart is mirroring a historical pattern, which resulted in the 172% rally in the previous year. If the action continues, the token’s price could jump from the current value of $77.4k to $201k by November 2025.
Additionally, Dave’s chart mentions technical factors such as Fibonacci’s retracement level bouncing from the historically proven key resistance level of $0.382. A move past this often resulted in a strong Bitcoin bull market.
However, the odds of a crash remain as Trump’s tariff implementation hints at the crypto market’s further unpredictability.
Investors’ Macroeconomic Concerns Impact Bitcoin Price
The BTC analysts’ price prediction brought optimism among readers. However, at the same time, few questioned the credibility of the forecast as Trump’s trade war, US recession odds, and various other macroeconomic events are impacting the digital assets.
In a blog post, Dave claimed that Bitcoin has been struggling due to investors’ high hopes since it breached $100k. He acknowledged the BTC panic but claimed that he would be bullish as long the token continued to trade above the crucial support of $74k.
“That level is $74,000. Wouldn’t want to see the price below that.”
Currently, it is at $77.4k, but various Bitcoin price predictions show recovery amid the Fed’s emergency rate cuts and other factors.
Frequently Asked Questions (FAQs)
Due to Donald Trump’s trade war, Bitcoin’s price is struggling amid a broader financial market crash.
The crypto analysts anticipates a Bitcoin price of $200k amid ascending parallel pattern formation and technical factors suggesting a rally.
Various macroeconomic events could impact the BTC’s bullish trajectory, but analysts advise investors not to worry as long as the BTC is above the critical level.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/trending/top-analyst-that-predicted-2021-bitcoin-collapse-hints-btc-price-could-hit-200k-in-2025/
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