Analyst Forecasts Bitcoin Price Rise to $120,000 Followed by 50% Drop to $60,000 – Here’s the Timeline.
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Bitcoin’s value is once again drawing significant attention as it maintains its upward trajectory, seemingly entering the final phase of its current bull market. Driven by macroeconomic positivity and growing institutional interest, Bitcoin is demonstrating renewed vigor, with analysis suggesting it may peak above $120,000 before falling to around $60,000, indicating the beginning of a bear market.
Bitcoin Expected to Exceed $120,000 by 2025
Crypto analyst Xanrox has released a fresh prediction for Bitcoin’s price on TradingView, anticipating a bullish surge to a new all-time high followed by a significant decline. He has elaborated on this positive outlook, asserting that Bitcoin is in the final phases of the current bullish trend, suggesting that an explosive price rise is imminent.
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The analyst provided an Elliott Wave technical analysis, indicating that Bitcoin is currently in Wave 3 of a five-wave structure that is forming a concluding diagonal. This pattern typically signifies the last phase of a bullish trend before a major market correction.
Xanrox envisions that Bitcoin will pass through two additional wave stages (Wave 4 and 5) before hitting a peak. Based on his evaluations, the anticipated range for this bullish market lies between $120,000 and $125,000. Specifically, he points to a Fibonacci Extension target of 1.618 at $122,069 as the likely peak of this bullish trend.
The TradingView analyst also emphasizes that this Fibonacci target represents the optimal selling price from which to brace for the anticipated bear market. Importantly, this price aligns with a long-established trend line connecting Bitcoin’s peaks from 2017 and 2021, as well as the predicted ATH for 2025.
Further supporting this bullish forecast, Bitcoin’s historical price trends exhibit a consistent correlation with the 50-week Simple Moving Average (SMA). This analysis indicates that the cryptocurrency frequently rebounds from or adjusts towards this moving average during critical shifts in previous cycles. Such behavior adds legitimacy to the positive outlook.
Anticipated: 50% Crash to $60,000
Although Xanrox holds an optimistic view for Bitcoin in 2025, he warns of an upcoming market downturn in 2026. After Bitcoin experiences its final bullish wave and reaches its peak, the analyst expects a sharp correction that could see prices plummet to $60,000. This predicted 50% decrease mirrors declines seen in previous cycles, notably during the bear markets of 2018 and 2022.
Related Insights
Xanrox’s analysis positions this potential drop as a natural conclusion to Bitcoin’s four-year cycle, suggesting that entering at the projected peak of $122,069 could pose substantial risks for investors. Instead, he advises preparing for this bearish transition by exiting the market within the outlined selling range and waiting for a chance to re-enter during the anticipated dip in 2026.
Featured image from Getty Images, chart from Tradingview.com
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