Bitcoin Price Forecast: Analyst Predicts Surge to $180,000 by March 2025
Bitcoin is facing challenges maintaining its position above $100,000 since it surpassed this level in December 2024. Despite previous short-term rallies, it is currently trading below this threshold. Analysis indicates a bullish trajectory towards $180,000, supported by the completion of sub-wave 4 in Elliott Wave Theory, with predictions suggesting it may reach this target by March 2025.
Bitcoin has continued to struggle with the $100,000 threshold since it first surpassed this psychological mark in early December 2024. Although it has occasionally traded above this level, these rallies have proven temporary, with Bitcoin now trading below $100,000, dipping to below $91,000 in the past week. Despite these fluctuations, technical analysis indicates a bullish outlook, suggesting that Bitcoin’s journey to $180,000 remains plausible.
A crypto analyst from TradingView posits that Bitcoin’s Elliott Wave structure supports an upward trajectory, predicting a rise to $180,000 during a period of weakened market sentiment. This analysis draws on the Elliott Wave theory, which identifies recurring patterns in investor behavior through market cycles. Even amidst Bitcoin’s price volatility, the overall structure remains optimistic, and the recent price corrections align with expected sub-wave formations.
According to the analyst, Bitcoin has successfully completed the fourth sub-wave following last week’s price decline, positioning itself for the fifth and final bullish wave. The upcoming move is anticipated to propel Bitcoin to new all-time highs, with the analyst forecasting a target price of $187,000 in this cycle. The presence of a rounding bottom pattern further strengthens this positive outlook, with a potential cup and handle formation signaling an extended rally towards $307,000.
The analyst’s predictions suggest that Bitcoin may reach $180,000 by the end of March 2025, based on the current macro cycle. Given Bitcoin’s price of $97,200, this forecast indicates an 85% increase over the next seven weeks. Additionally, the analyst projects that Bitcoin could hit $307,000 around October 2025, contingent upon overcoming the critical milestone of breaking above $100,000, which will influence the pace of achieving these targets.
In summary, Bitcoin’s struggle with the $100,000 mark continues, yet a bullish trajectory remains evident through Elliott Wave analysis. The completion of sub-wave 4 indicates a forthcoming increase, with potential predictions of reaching $180,000 by March 2025. Analysts remain optimistic about Bitcoin’s ability to overcome its challenges with a promising outlook for even higher targets in the coming years.
Original Source: bitcoinist.com
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