Bitcoin saw a massive drop over the weekend as it fell below $24,000, but still managed to recoup most of the losses and climb high. Currently, the BTC/USDT price appears to be well positioned for multiple upside moves as the crypto star is set to test the psychological resistance at $25,000 soon. The recent rally was largely supported by the huge buying activity around $24,055.
This recovery not only pushed the price of BTC past $24,000, but also pushed the price levels up to near $25,000. Although the price is reduced, the trend continues to stay north and therefore is likely to mark new highs above $25,000 within the next 24 hours. However, the price of BTC seems to have accelerated and could remain high for the days to come.
A popular analyst Rager recently shared his opinion and hopes that the price will surpass $120,000 somewhere in 2025.
“Just my opinion on BTC over the next few years since I asked others
High peak not exceeding $120,000 to $150,000 in 2025
Basically similar to previous cycles followed by a multi-year bear market
No super cycle, just the same repeated market cycle followed by -80% in price,”
However, the analyst himself is not sure, but still hopes that the market will see a major shift in 2025. Moreover, he added that people will want to get away from the markets in 2026.
It has been noticed in recent cycles that the price of Bitcoin has marked ups and downs during its 4-year cycle. Therefore, the analyst here can point out that the price of BTC could find new highs and the peak of the bull cycle in 2025, which could be followed by a drastic drop in 2026 where the price could mark its low of the current bear cycle. .