Bitcoin Dips Below $110,000, Analysts Predict 70% Gain by 2025

Bitcoin (BTC) has recently dipped below $110,000, sparking debate among analysts about whether the cryptocurrency has reached its peak for this cycle. However, several crypto analysts maintain that the rally is far from over and that further gains are likely on the horizon.

Crypto analyst Master of Crypto highlighted Bitcoin’s correlation with the global M2 money supply, noting that BTC tends to follow trends in global money supply. According to the analyst, the global money supply typically leads BTC by around 10 weeks. If this pattern holds, Bitcoin could potentially reach $184,000 by the end of July 2025.

Master of Crypto also emphasized the significance of Bitcoin’s Network Value to Transaction Ratio (NVT), which they referred to as the ‘P/E ratio for Bitcoin.’ The analyst pointed out that BTC usually tops out whenever the ratio has spiked in previous market cycles. They noted that while the NVT is currently building, it has not yet reached a level that signals a top, suggesting there is still room for growth.

Crypto trader Merlijn The Trader shared a BTC daily chart showing the formation of a Golden Cross, a bullish signal where the 50-day moving average crosses above the 200-day moving average. The last two Golden Crosses led to significant gains, indicating that this pattern could be a positive indicator for Bitcoin’s future price movements.

Analyst Jelle observed that Bitcoin continues to follow the Power of Three pattern. If it avoids a major correction, BTC could surge to $140,000 in the coming months. Meanwhile, crypto analyst Titan of Crypto shared a more conservative price target for BTC, stating that Bitcoin is breaking through a bullish pennant and eyeing a potential target of $113,000.

Seasoned market watcher Ted Pillows predicted that BTC may hit $120,000 as it enters the final phase of the Wyckoff Accumulation pattern. On-chain analyst Burak Kesmeci set his target at $159,000. In the long-term, ARK Invest’s Cathie Wood made a bold prediction of BTC hitting $1.5 million by 2030.

At the time of reporting, BTC was trading at $109,616, down 1.1% in the past 24 hours. The various analyses and predictions suggest that while there may be short-term fluctuations, the overall trend for Bitcoin remains bullish, with several analysts forecasting significant gains in the coming months and years.