According to top analyst, Bitcoin will reach “just under $200,000” in 2025 – here is his outlook
The trader who aptly dubbed the crypto market crash of 2021 predicts that Bitcoin (BTC) will reach huge value in 2025.
Pseudonymous analyst Dave the Wave tells his 144,400 followers on social media platform X that Bitcoin could get close to $200,000 in less than two years.
“Based on this forecast, BTC will reach just under $200,000 in 2025.”
Source: Dave the Wave/X
It bases the estimate on Bitcoin's logarithmic monthly moving average convergence divergence (LMACD), a long-term momentum indicator, as well as Fibonacci extension levels, which track potential areas of support and resistance.
Looking at his chart, the trader believes that the LMACD indicator shows that BTC has reached a market bottom and is in an uptrend that will reach almost $200,000 by October 2025.
The trader also uses its version of logarithmic growth curves (LGCs), which aim to predict the highs and lows of the Bitcoin market cycle while filtering out short-term volatility.
“BTC stable and sideways within range.”
According to the trader's chart, LGC's support levels could be tested at the longer-term end of the channel near $30,000 or potentially at $38,000 if the shorter ascending channel remains intact.
The trader believes that the logarithmic chart provides an accurate longer-term view of Bitcoin’s price action.
“It’s truly amazing the influence time has on our perception – just three years ago the current BTC price in the $40,000 range blew everyone away, whereas today it’s all assumed to be a bit passé.”
I think this has something to do with “time preference,” where those with a high time preference are very focused on the present (present-oriented), while those with a low time preference are focused on the future (a more “elastic” frame) . Spirit).”
Bitcoin is trading at $44,149 at the time of writing, up more than 2% in the last 24 hours.
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