Bitcoin (BTC) Price Forecast: BTC exceeds $120,000 in 2025

Crypto analyst Xanrox released a new Bitcoin price forecast in the trading market, which is expected to reach a new all-time high and then faces a major low.

Bitcoin’s price has once again become the focus of attention as it continues to rise, which seems to be the final stage of the current bull cycle.

Also read: Bitcoin’s “big short”? Why BTC may break $110,000

What is the price target for Bitcoin in 2025?

Xanrox, crypto analyst at TradingView, shared a new Bitcoin price forecast that flagship cryptocurrencies are expected to soar to new all-time highs before falling to major lows.

The analyst expanded his optimistic forecast, saying Bitcoin is in the final stage of this bullish cycle, meaning cryptocurrencies are preparing for its most explosive price increase.

Analysts use Elliott Wave technical chart to show Bitcoin’s bands in the five-wave mode, forming the diagonal at the end. This structure usually marks the final stage of a bullish cycle, just before a major adjustment.

Xanrox predicts that Bitcoin will eventually enter two final bands (4th and 5th) before reaching its cycle peak, and he is expected to fall between $120,000 and $125,000 in the ideal range. More specifically, he emphasized that the Fibonacci expansion target is 1.618, or $122,069, which is the potential top of the bull market.

TradingView analysts added that the Fibonacci target is the best price to sell and start preparing for the bear market, which is expected to follow. It is worth noting that this price level coincides with the long-term trend line for 2025 ATH extending from Bitcoin’s 2017 high to its 2021 peak and the next forecast.

Bitcoin’s historical price behavior further strengthens analysts’ confidence in potential rally, suggesting a consistent relationship with the 50-week simple moving average (SMA). The analysis emphasizes that cryptocurrencies have repeatedly rebounded or adjusted to this moving average in the past cycle. This pattern adds credibility to the bullish outlook.

Next step: Price crashes 50% to $60,000

Despite Xanrox's optimistic price outlook for 2025, analysts warn that the Bitcoin market will face a collapse in 2026. Once the cryptocurrency completes its final bullish wave and reaches its peak, analysts are expected to see a huge adjustment that could drag the price to $60,000. This will reflect a 50% decline in the past cycle, especially the sharp correction in the bear markets in 2018 and 2022.

The analyst's chart breaks down the final wave structure and highlights the expected peak at $122,069, and also shows potential entry points for bearish legs. This transition is marked by a breakout in the Fibonacci retracement rate below 38.2%, and is currently around $90,000. Once this happens, it is expected to drop rapidly to a 23.6% Fibonacci expansion, or $60,000.

This bearish transition is a key part of Bitcoin’s 4-year cycle, with an expected peak purchase of $122,069 likely putting investors at significant downside risks. Instead, Xanrox recommends selling within the previously outlined selling area and preparing for a chance to re-enter the market at $60,000 during the expected 2026 price cut.

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