Originally published on: December 13, 2024
Amidst the unpredictable ups and downs, Bitcoin has been consistently closing above $95,000 every day since November 27, showcasing strong investor interest at higher levels.
A recent analysis by Bitcoin mining industry expert, Danny Marques has shed light on the long-term price expectations for Bitcoin in 2025. Based on Fibonacci extensions and past bull cycles, Marques predicts that Bitcoin could hit a minimum target of $175,000 during the next cycle.
The study conducted by Marques reveals that historically, Bitcoin has topped around specific Fibonacci levels in previous cycles, suggesting a potential upward trajectory for the cryptocurrency in the years to come.
Another study by On-Chain College forecasts a minimum price target of $199,998 for Bitcoin by the end of 2025, with a more conservative upper range estimate of $288,211.
Despite recent profit-taking activities among long-term holders, miners have been holding onto their Bitcoin more steadfastly this time around, with a significant drop in net position change since early 2021.
From a technical perspective, Bitcoin’s price is expected to hover around the $115,000 to $126,500 range in the near term, with potential for further upward momentum if it maintains support above $95,000.
Leading crypto analyst, Titan of Crypto, also anticipates a bullish trend for Bitcoin as it breaks above the power law corridor, signaling a potential surge in prices.
While these analyses provide valuable insights, it’s important to remember that all investments involve risk, and readers should exercise caution and conduct their own research before making any financial decisions.
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