Bitcoin can reach $200K in 2025 after 'obvious' price breakout signal

2 weeks ago

Key points:

Bitcoin’s “cleanest inclination indicator” is flashing bullish for the archetypal clip since mid-2024.
Previous signals mostly resulted successful a BTC terms blow-off apical implicit the coming year.
Market commentators stay firmly bullish connected terms trajectory during consolidation aft Bitcoin’s latest all-time high.

Bitcoin (BTC) is prepared for its “next large limb up” arsenic a semipermanent indicator triggers for the archetypal clip since mid-2024.

Analysis uploaded to X by trading relationship Stockmoney Lizards connected May 28 described an “obvious” BTC terms breakout signal.

Analysis connected Bitcoin breakout signal: “We’re there”

Bitcoin is acceptable to repetition its tally to a rhythm top, conscionable similar successful 2016 and 2020, Stockmoney Lizards reports.

The Optimized Trend Tracker (OTT) tool, which offers terms inclination insights utilizing moving averages and mean existent scope data, is primed for Bitcoin’s adjacent blow-off top.

“The signifier is truthful evident it hurts,” the X station claims, calling OTT the “cleanest inclination indicator you tin usage for macro moves.”

In erstwhile cycles, terms retested the clump of OTT inclination lines, going connected to highs aft cementing them arsenic support. This time, 2 retest episodes person occurred, with the second present appearing to travel to an end.

“We conscionable broke retired of the monthly OTT bands. Again,” the station concludes.

“OTT bands amusement you erstwhile assets are acceptable for their adjacent large limb up - and we're there.”

In presumption of targets, Stockmoney Lizards offers up to $200,000 for 2025, with a imaginable “extension” to $250,000 adjacent year.

Consensus calls for $120,000 BTC price

As Cointelegraph reported, optimism implicit the Bitcoin bull marketplace continues contempt information from Cointelegraph Markets Pro and TradingView showing the terms lingering wrong its latest consolidation structure.

Near-term forecasts spot $130,000 oregon more, adjacent arsenic the marketplace shrugs disconnected some macroeconomic developments and high-profile speakers astatine the ongoing Bitcoin 2025 conference.

Last year’s league nevertheless preceded a 30% BTC terms crash, leading to concerns that “market memory” whitethorn present a akin result successful 2025.

Examining marketplace activity, onchain analytics steadfast Glassnode likewise sees a $120,000 sojourn connected the skyline arsenic portion of terms discovery.

“As the marketplace moves into a signifier of terms discovery, the $120k level appears arsenic a cardinal portion of interest, with sell-side unit expected to accelerate successful and astir this zone,” it summarized successful the latest variation of its regular newsletter, “The Week Onchain.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

View source