A crypto analyst has made a bullish prediction for Bitcoin (BTC), revealing the ultimate profit target for investors by 2025. The analyst’s report provides an exact figure and time range for The next Bitcoin price peak. He advises investors and traders to act quickly and sell their Bitcoin once it reaches this peak, it warns of an impending bear market.
Here’s When to Sell Bitcoin
Bitcoin is finally approaching the peak of its long-term bull cyclewith Xanrox, a crypto analyst on TradingView, projecting a market top and crypto bear market timing. The analyst mapped the future price trajectory of Bitcoin using the Elliott wave theory and Fibonacci extensions.
Currently trading above the $94,000 mark, Bitcoin is expected to reach a market high of between $115,000 and $125,000 in 2025. Analyst chart identifies a five-wave structure in the current Bitcoin cycle , with Wave 5 is already progressing and is expected to reach higher resistance levels.
According to the Xanrox map, Bitcoin price development has been trading closely along a long-term ascending trendline from 2017 to 2021. The analyst revealed that this trendline, acting as resistance, is expected to cross the Bitcoin price in the coming months.
He emphasized the importance of this trend line as sell signalemphasizing that investors should focus on it and set alerts as Bitcoin approaches this critical point. The TradingView analyst further stated that once Bitcoin touches the long-term ascending trendline, it is it’s time to sell and exit the market.
In addition to the trend line, Xanrox mentioned that the 1.618 Fibonacci extension at $122,068 has become important static resistance for Bitcoin. While the analyst predicts a price peak of between $110,000 and $125,000 for Bitcoin in 2025, he acknowledges that other prominent analysts will likely project higher and almost impossible prices. price targets for the pioneer cryptocurrency.
He explained that predicting Bitcoin price at $200,000 or $300,000 by 2025 was unlikely, already citing cryptocurrency massive market capitalization as a deterrent to these ambitious goals. Xanrox indicated that its prediction of Bitcoin’s ultimate profit target is a long-term analysis that will only be confirmed where the confluence of the ascending trendline and Fibonacci levels occurs.
For his short-term analysis, the analyst predicts that Bitcoin will reach $125,000. However, this significant increase is expected to come after Bitcoin saw a massive drop in prices to new lows of around $85,000.
Bitcoin Bear Market Prediction
After Bitcoin hits Xanrox’s predicted market peak between $115,000 and $125,000, the analyst predicts that the leading cryptocurrency will enter a transition phase. prolonged bear marketmarking the end of the bullish cycle. According to Elliott Wave Theory, Wave 4 previously served as a crucial liquidity point and support around the $49,000 mark.
Based on this trend, Xanrox predicted that Bitcoin could return to this bearish level, potentially finding support around $50,000 to $60,000 during the bear market. The analyst revealed that this support level could create a entry point for whales and investors looking to accumulate. He also predicted that the Bitcoin bear market would likely occur between 2025 and 2026.
Featured image from Pexels, chart from TradingView
