Experts name conditions for BTC growth to $ 200 thousand

Bitcoin BTC $96,958.77 Bitcoin 2.55% Market capitalization $1.92 trillion VOL. 24 hours $6 billion has reached a new all-time high, demonstrating a strong upward trend. The latest surge in bitcoin prices is attributed to rising geopolitical tensions and increased investor interest in the cryptocurrency market.

Analysts point to the coincidence of key technical indicators, which may indicate that BTC is entering the most aggressive phase of the rally with the possibility of reaching $ 200,000.

According to TradingShot’s analysis, the price of bitcoin follows historical patterns, including the «Pi cycle theory,» which has previously successfully predicted long-term cryptocurrency trends.

In particular, this is evidenced by:

• RSI indicator: Last week, BTC’s Relative Strength Index (RSI) surpassed the 70 mark, which usually indicates the start of an aggressive rally. In previous cycles, such RSI breakouts have led to peaks of 54 weeks.
• 100-day moving average: It continues to serve as a key support level, as it did in previous bull markets.
• Target levels: Bitcoin is projected to reach $ 150,000-$ 200,000 by the end of 2025, creating an attractive opportunity for traders and investors.

Despite the optimistic forecasts, not all indicators confirm the continuous growth. The Fear and Greed Index, which reflects market sentiment, has been above 80 since November 12, and recently reached 90. This is the highest since February 2021, when bitcoin was approaching its previous peak.

Also, CryptoQuant CEO Kee Yong Ju warned about the risk of market overheating, which could cause a short-term correction.

At the time of writing, the bitcoin rate reached $ 96.878, the market capitalization is $ 1.92 trillion, and daily sales reached $ 90.29 billion.

Despite the challenges, the current dynamics confirms the market’s confidence in further growth, and technical indicators indicate that the historic bull rally is likely to continue. Investors are advised to keep a close eye on key levels to take advantage of this opportunity.