Top Analyst that Predicted 2021 Bitcoin Collapse Hints BTC Price Could Hit 200k in 2025
Highlights
- Bitcoin price declined below $75k amid Donald Trump's trade war.
- Renowned analysts predict the Bitcoin price will hit $200k by 2025 end.
- Analyst predicted a BTC price rally based on the trend cycle, bullish pattern formation, and technical factors.
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)
1. Why is Bitcoin price crashing?
2. Why does this analyst believe the Bitcoin price will hit $200k by 2025 end?
3. What can affect this bullish trajectory?
- “Meme Coin SZN Is Here,” Says CZ As GIGGLE, 4 Price Skyrocket to All time Highs
- CZ’s YZi Labs Commits $1 Billion Builder Fund As Binance Coin Surpasses XRP
- Expert Sees LTC Crashing to $50 Even As Litecoin ETF Approval Reaches Final Stage
- CleanCore’s Dogecoin Treasury Pays Off Big With $20M Gains as Holdings Near 1B DOGE
- Crypto Market Crash: $700M Liquidated in Bitcoin, ETH, XRP, SOL, DOGE, XPL
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
