Bitcoin's Price Surges 100% to $122,069, Analyst Predicts 50% Crash

Bitcoin's price has once again become a focal point as it continues its upward trajectory, seemingly in the final phase of the current bull cycle. This surge is driven by macroeconomic optimism and growing institutional interest, with technical analysis suggesting a final push to a new all-time high above $120,000. Following this peak, the price is expected to crash to $60,000, marking the beginning of a bear market.

Crypto analyst Xanrox has shared a new Bitcoin price prediction, forecasting a bullish run to a new all-time high followed by a significant crash to major lows. According to Xanrox, Bitcoin is in the final stages of this bullish cycle, preparing for its most explosive price surge yet. The analyst's Elliott Wave technical chart indicates that Bitcoin is currently in Wave 3 of a five-wave pattern forming an ending diagonal, a structure that typically marks the final stage of a bullish cycle before a major correction.

Xanrox predicts that Bitcoin will enter two final wave stages (Wave 4 and 5) before reaching a cycle peak. The ideal range for this bull run is between $120,000 and $125,000, with a Fibonacci Extension target of 1.618 at $122,069 as the potential top of this bull cycle. This price level aligns with a long-term trend line stretching from Bitcoin’s 2017 peak to the 2021 top and the next forecasted 2025 all-time high. The analyst notes that this Fibonacci target is the best price to sell and prepare for the bear market that is projected to follow.

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

Despite the optimistic price projection for 2025, Xanrox 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 corrections seen in the 2018 and 2022 bear markets. The analyst’s chart identifies this looming price crash as part of the natural end to Bitcoin’s 4-year cycle, emphasizing that buying at the projected peak of $122,069 could expose investors to significant downside risk. Instead, Xanrox recommends preparing for this bearish transition by exiting the market within the previously outlined sell zone and waiting for a re-entry opportunity during the expected 2026 dip.