Bitcoin has maintained a small but steady market cap An Ernst & Young consultant predicts that Bitcoin will continue to have a high long-term price in 2025, even though price variations and volatile markets can endure for weeks. Continued purchasing pressure from investors is at a higher range, as seen by a daily candle of over $95,000 every day since November 27.
Bitcoin targets $173K–$461K in 2025
Researcher Danny Marques of the Bitcoin mining sector recently brought attention to a study that analyzed the three bull cycles that have occurred so far. This research considers Bitcoin’s performance after the halving and goals derived from Fibonacci sequences.
According to the researcher’s “back-testing” of data from the previous three cycles, Bitcoin has historically reached its highest point in 2020, close to the 1.618 Fibonacci level, and in 2012, close to the 2.272. This means that the 1.618 FIB level is the bare minimum that Bitcoin must reach during each cycle. Meanwhile, Marques chimed in,
The study used an “exponential decay fit analysis,” pegged Bitcoin’s minimum price objective at $199,998 by the end of Q4 2025. On the other hand, Marques had a maximum price objective of $461,135; the upper range was $288,211, which is somewhat more conservative.
Bitcoin miners are “diamond handing” BTC
Speculators dumped 827,783 BTC at roughly $99,200 last week, cashing out after Bitcoin surpassed $100,000 on December 5. An anonymous Bitcoin expert, On-Chain College, claims that in 2024, miners will be “diamond-handing” their Bitcoins. The analyst detailed how, at the start of the last bull run in January 2021, Bitcoin miners’ net position change might reach 41,000 BTC, indicating they were facilitating high-selling pressure.
December 2024 saw a 91% decline, bringing the price down to 3,700 BTC. According to technical analysis, Bitcoin’s price is currently encircling a higher price range, with short-term objectives ranging from $115,000 to $126,500. Barring a daily candle closure below $95,000 or a decline below $90,200, expect Bitcoin’s price to rise before 2024 ends.
A separate Crypto expert named Titan of Crypto came to a similar conclusion, stating that Bitcoin has “surged” past the blue line on the “power law corridor.” Since “such breakouts often signal explosive upward moves,” the trader reasoned that the bitcoin price would likely rise sharply based on past evidence.
Summary
Despite fluctuations in the market, Bitcoin’s market value has remained consistent, and experts anticipate a high long-term price until 2025. Based on historical bull cycles and Fibonacci levels, Bitcoin expert Danny Marques recently predicted that the cryptocurrency’s price will reach between $173,000 and $461,000 by the end of 2025. With a price objective of $461,135 as the highest, the minimum is $199,998.
Even though Bitcoin’s price has surged recently, many miners are still clinging to their holdings. In 2024, miners will likely keep “diamond-handing” their Bitcoin, while speculators sold off more than 827,000 BTC when the price hit $100,000. According to technical analysis, Bitcoin price forecasts in the near future range from $115,000 to $126,500, which implies the price will likely grow before 2024 ends.
FAQs
Why is Bitcoin expected to reach high prices in 2025?
The forecast is based on historical bull cycles and Fibonacci sequences, indicating Bitcoin will surpass past highs.
What are Bitcoin miners doing with their holdings?
Miners are expected to "diamond-hand" their Bitcoin, holding onto their assets despite price fluctuations.
How has Bitcoin’s market cap behaved recently?
Bitcoin has maintained a steady market cap, with purchasing pressure from investors increasing since November.
What is the short-term price expectation for Bitcoin?
Technical analysis suggests Bitcoin’s price could rise to between $115,000 and $126,500 by the end of 2024.
