Bitcoin price in the long term: How high can BTC reach in 2025/2026?

Bitcoin price showed a noticeable recovery this week and it is It’s now back over $100,000 With renewed confidence and flows. This has sent a wave of another bullish sentiment into the cryptocurrency market, considering that Bitcoin has spent the majority of the last two months around this level and bullish investors have been trying to break out of it in a major way while also… Prevent a breakout below $90,000.

Thinking from a long-term perspective, the price of Bitcoin He still has room to break More than $100,000. Many analysts have done so The expected price is higher than $200,000Some forecasts reach $1 million. According to cryptocurrency analyst Xanrox, Bitcoin is currently going through its latest bullish wave reaching the peak of its cycle and a correction phase may be near.

The path to Bitcoin’s peak and the main goals

According to To the cryptanalystBitcoin’s current bull cycle began in 2022 when it traded at $15,632 and will likely peak in 2025 at around $125,000. While this expected price peak is very small Compared to other expectationsThis is undoubtedly a good return for early investors. However, those who enter at current levels face a riskier environment, especially in light of recent market behavior.

Xanrox forecast for a peak of $125,000 is Rooted in Elliott Wave Theorya technical analysis framework that identifies market cycles through five flowing corrective waves and three ABC corrective waves. Calculating impulsive waves from the 2022 bear market bottom places the start of the fifth wave in Q4 2024, which is the last impulsive wave before the ABC correction phase.

Two technical analysis tools were used to determine the peak of the Bitcoin price, which are the long-term trend line and the Fibonacci extension. The trend line, which runs through the previous highs of $20,000 in 2017 and $65,000 in 2021, projects that Bitcoin will reach $122,069 in 2025 before hitting resistance. In addition, 1.618 Fibonacci extension The 2022 bear market low aligns perfectly with this peak price target.

What comes after the price of Bitcoin reaches its peak?

Focusing on the price peak of $125,000, the analyst noted that Bitcoin should see a sharp correction after peaking, as seen in historical runs after the 2017 and 2021 highs. These corrections are Elliott Wave ABC corrections, which led to collapses of 84% and 77% in 2018 and 2021 respectively.

Although such declines are less likely due to Bitcoin’s growing market capitalization and… Increase institutional adoptionThe analyst noted that a 60% correction is still a possible scenario. This downturn is expected to unfold into a massive bear market and crisis between late 2025 and 2026. If the price reaches $125,000 in 2025, a 60% correction could see the price of Bitcoin fall to $50,000 by 2026.

At the time of writing, Bitcoin is trading at $103,190 and is up 9.7% in the past 24 hours.

Featured image created with Dall.E, chart from Tradingview.com