Analyst Forecasts Bitcoin Price Surge to $120,000 by 2025
Bitcoin is experiencing significant price movement, currently predicted to rise above $120,000 before a potential drop to $60,000. Key points include:
- Analyst Xanrox forecasts a peak between $120,000 and $125, with a Fibonacci target of $122,069.
- The price surge is attributed to macroeconomic factors and institutional interest.
- Technical analysis indicates Bitcoin is in Wave 3 of a five-wave pattern, signaling an impending correction.
- A historical correlation with the 50-week Simple Moving Average supports the bullish outlook.
Following this rally, a market crash in 2026 is anticipated, with prices potentially falling by 50%. The analyst warns that buying at the peak could lead to substantial losses, advising investors to consider exiting during the bullish phase.
