โBitcoin (BTC) could reach $285,000 in 2025!โ
A famous analyst thinks that Bitcoin (BTC) could reach $285,000 in 2025.
Bitcoin ($BTC ) managed to break the downward trend that has been going on since March 2024 with its strong rise of 9.84 percent in the short term. Based on the upward momentum in BTC, many analysts made surprising predictions. One of them is Sina, the co-founder of 21st Capital. According to Sinaโs own model, the Bitcoin price could reach $285,000 in 2025.
Sina shared an analysis that classifies Bitcoinโs price possibilities using the model he developed. The analyst stated that each region represents a different price range and market sentiment called cold, hot and extremely hot.
The โcoldโ zone (below the 33 percentile) for 2025, including the current price of BTC, ranges between $55,000 and $85,000. The analyst identified the blue colored zone as the worst-case scenario for BTC.
The โhotโ zone (between the 33 percentile and 66 percentile) corresponds to the range of $85,000 to $136,000. The โextremely hotโ zone (between the 66 percentile and 99 percentile) indicates that $BTC will reach $136,000 to $285,000 by the end of 2025.
As of the writing of the news, BTC, which is changing hands at $67,408, may renew its ATH if it makes a weekly close above $68,500. In such a scenario, the range of $69,700 - $70,000 will be decisive. With a volume break of this region, the $80,000 level can be targeted. In downward movements, the $67,091 โ $64,777 โ $62,500 โ $59,647 โ $56,502 โ $52,614 and $50,580 levels can be followed, respectively.
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