Bitcoin (BTC) Price Prediction: BTC to Surpass $120,000 in 2025

Xanrox, a crypto analyst, has shared a new Bitcoin price prediction on TradingView, forecasting a bullish run to a new all-time high and a subsequent crash to major lows.

The Bitcoin price is once again at the center of attention as it continues its upward climb in what appears to be the final phase of the current bull cycle.

Also Read: ‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000

What Is The Bitcoin Price Target For 2025?

Xanrox, a crypto analyst on TradingView, shared a new Bitcoin price prediction that saw the flagship cryptocurrency surging to a new all-time high before crashing to major lows.

Expanding on his optimistic projection, the crypto analyst stated that Bitcoin is in the final stages of this bullish cycle, which means that the cryptocurrency is gearing up for its most explosive price surge yet.

The analyst shared an Elliott Wave technical chart, showcasing Bitcoin currently in Wave 3 of a five-wave pattern forming an ending diagonal. This structure typically marks the final stage of a bullish cycle, just before a major correction.

Xanrox predicts that Bitcoin will eventually enter two final wave stages (Wave 4 and 5) before reaching a cycle peak, which he projects to land in the ideal range of $120,000-$125,000. More precisely, he highlights a Fibonacci Extension target of 1.618 at $122,069 as the potential top of this bull run.

The TradingView analyst adds that this Fibonacci target is the best price to sell and begin preparing for the bear market, which is projected to follow. Notably, this price level aligns with a long-term trend line that stretches from Bitcoin’s 2017 peak to the 2021 top and the next forecasted 2025 ATH.

Further strengthening the analyst’s conviction of a potential rally to $122,069, Bitcoin’s historical price behavior reveals a consistent relationship with the 50-week Simple Moving Average (SMA). The analysis highlights that the cryptocurrency has repeatedly bounced off or corrected to this moving average during key turning points in past cycles. This pattern adds further credibility to the bullish outlook.

Next Up: 50% Price Crash To $60,000

Despite Xanrox’s optimistic price outlook for 2025, the analyst warns of an impending Bitcoin market crash in 2026. Once the cryptocurrency completes its final bullish wave and tops out, the analyst anticipates a steep correction, potentially dragging the price down to $60,000. This projected 50% drop mirrors past cycle declines, particularly the sharp correction seen in the 2018 and 2022 bear markets.

The analyst's chart segmenting this final wave structure and highlighting the projected peak at $122,069 also showcases the potential entry point for the bearish leg. This transition is signaled by a break below the 38.2% Fibonacci retracement level, currently at around $90,000. Once this occurs, anticipates a swift decline to the 23.6% Fibonacci Extension at $60,000.

This bearish transition is a crucial part of Bitcoin's 4-year cycle, and buying at the projected peak of $122,069 could expose investors to significant downside risk. Instead, Xanrox recommends selling within the previously outlined sell zone and preparing for a re-entry opportunity during the expected 2026 dip at $60,000.

News data source: kdj.com

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