Bitcoin ($BTC ) managed to break the downward trend that has been going on since March 2024 with its strong rise of 9.84 percent in the short term. Based on the upward momentum in BTC, many analysts made surprising predictions.
A well-known crypto analyst predicts that Bitcoin (BTC) could reach $285,000 by 2025.
Bitcoin's ( BTC) recent 9.84% gain in the short term broke the downtrend that began in March 2024. Many analysts have made bold predictions based on BTC's bullish momentum. Sina, co-founder of 21st Capital, is one of them. According to Sina's model, the price of Bitcoin could reach $285,000 in 2025.
Sina shared an analysis that uses his model to categorize Bitcoin's possible price points. The analyst assigned different price ranges to each zone, which he labeled "cold," "hot" and "extreme hot," to represent varying market sentiments.
The “cold” zone (below the 33rd percentile) for 2025, which includes BTC's current price, ranges from $55,000 to $85,000. The blue zone was identified by the analyst as the worst-case scenario for BTC.
The “hot” zone (between the 33rd percentile and 66th percentile) corresponds to the range of $85,000 to $136,000. The “extreme hot” zone (between the 66th percentile and 99th percentile) suggests that BTC will reach $136,000 to $285,000 by the end of 2025.
BTC, which was trading at $67,408 at the time of writing, could set a new all-time high with a weekly close above $68,500. In this case, the range of $69,700 - $70,000 will be crucial. The $80,000 level could be targeted if this zone is broken with volume. The levels of $67,091 – $64,777 – $62,500 – $59,647 – $56,502 – $52,614 and $50,580 can be followed in downward movements, respectively.
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