TradingShot: Bitcoin will be worth $ 100,000 in 2025

Analysts predict that in the coming months, bitcoin BTC $65,850.14 Bitcoin 0.18% Market capitalization $1.3 trillion VOL. 24 hours $0.51 billion may reach $ 100,000, despite the recent decline in value. A well-known crypto analyst under the nickname TradingShot on the TradingView platform noted that the current market correction is just a technical deviation that paves the way for a new powerful bullish trend.

Over the past two weeks, the price of bitcoin has tested its 50-week moving average, which has become an important signal for industry players. Although this has raised fears of a possible drop, TradingShot believes that this is a necessary correction that is consistent with the historical trends of previous growth cycles. The analyst also compared the current market cycle with the cycles of 2016 and 2020, noting that this time bitcoin is showing an even more aggressive trend.

According to TradingShot’s forecasts, bitcoin will resume its upward trend in the near future and may exceed $ 100,000 by early 2025. The analyst also suggests that by the summer of 2025, bitcoin could reach the Fibonacci retracement level of -0.618, which was typical for previous cycles.

Investors should keep a close eye on the asset’s ability to stay above $ 58,000, as a decline below this level could lead to a drop to $ 50,000. The general economic situation will also be an important factor for the future dynamics of bitcoin.