Analyst Predicts Bitcoin Bull Cycle to Last Until 2025, Eyes $100K Target
A crypto analyst known on X (Twitter) as Bluntz said Bitcoin's bull cycle isn't over yet and could last until early 2025.
Based on Bluntz’s chart, it appears that Bitcoin has recently completed the fourth wave of a five-wave pattern on the weekly timeframe, consistent with Elliott’s wave theory.
The chart also shows that Bitcoin could complete the fifth wave of the pattern that began in late 2022, potentially reaching a price just under $100,000.
According to Elliott’s theory, the main price trend of an asset moves in a five-wave pattern, while corrections occur in a three-wave pattern.
The analyst also noted that Bitcoin exhibits a bullish divergence signal on the daily time frame.
READ MORE:
Bitcoin’s Future: Key Indicator Revealed by Crypto ExpertBullish divergence usually occurs when the price of an asset is in a downtrend while an indicator, such as the Relative Strength Index (RSI), is in an uptrend.
Bullish divergences are usually seen as signals of a reversal from a downtrend to an uptrend in the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Staking Weekly Report December 1, 2025
🌟🌟Core Data on ETH Staking🌟🌟 1️⃣ Ebunker ETH staking yield: 3.27% 2️⃣ stETH...
The Blood and Tears Files of Crypto Veterans: Collapses, Hacks, and Insider Schemes—No One Can Escape
The article describes the loss experiences of several cryptocurrency investors, including exchange exits, failed insider information, hacker attacks, contract liquidations, and scams by acquaintances. It shares their lessons learned and investment strategies. Summary generated by Mars AI This summary was produced by the Mars AI model, and the accuracy and completeness of its generated content are still in the process of iterative improvement.
Mars Morning News | Federal Reserve officials to advance stablecoin regulatory framework; US SEC Chairman to deliver a speech at the New York Stock Exchange tonight
Federal Reserve officials plan to advance the formulation of stablecoin regulatory rules. The SEC Chair will deliver a speech on the future vision of capital markets. Grayscale will launch the first Chainlink spot ETF. A Coinbase executive has been sued by shareholders for alleged insider trading. The cryptocurrency market fear index has dropped to 23. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative updates.
OECD's latest forecast: The global interest rate cut cycle will end in 2026!
According to the latest forecast from the OECD, major central banks such as the Federal Reserve and the European Central Bank may have few "bullets" left under the dual pressures of high debt and inflation.
Trending news
MoreCrypto prices
More
