The post Bitcoin Price Live Today-BTC Price Targets $50K this Year-Wil it hit $150K by 2025? appeared first on Coinpedia Fintech News
Bitcoin witnessed a massive fall during the weekend as it slashed below $24,000 but however, managed to recover most losses and rise high. Presently, the BTC/USDT price appears to be well in position for multiple upward moves as the star crypto is close to testing the psychological resistance at $25,000 soon. The recent upswing was largely supported by the huge buying activity carried out around $24,055.
This upswing raised the BTC price not only beyond $24,000 but also uplifted the price levels close to $25,000. Although the price is lowered pace, the trend continues to remain towards the north and hence is believed to mark new highs above $25,000 in the next 24 hours. However, the BTC price appears to have geared up and may remain uplifted for the days to come ahead.
A popular analyst Rager shared his opinion recently and hopes the price to surge beyond $120K somewhere in 2025.
“ Just my opinion on BTC over the next few years since I asked others
Peak high no higher than $120K to $150K sometime in 2025
Basically similar to previous cycles followed by multi-year bear market
No super cycle-just the same market cycle repeat followed by -80% prices,”
However, the analyst himself isn’t sure of this but still hopes the market to witness a major change in 2025. Moreover, he went on to say that people will want to be away from the markets in 2026.
It has been noticed from the past few cycles that Bitcoin price has been marking highs and lows in its 4-year cycle. Therefore, the analyst here may point out that the BTC price may find new highs and the peak of the bullish cycle in 2025, which could be further followed by a drastic drop in 2026 where the price may mark its bottom of the current bear cycle.