Bitcoin Experts Anticipate Price Surge to $150K When Major Crypto Holders Have Sold Their Coins
Bitcoin, the world's leading cryptocurrency, has experienced a dip in price, falling more than 10% from its all-time highs. September, traditionally a fragile month for Bitcoin, is expected to pose a challenge as 8 out of 12 of the last years have seen trading declines.
However, the downturn might be coming to an end, according to Bitfinex analysts who believe the market is nearing the bottom of this downturn as we move into September. The key support zone for Bitcoin is currently at around $105,000-$107,000.
The decline in Bitcoin price is believed to be driven by whale-induced resistance. Two massive whale sellers, according to David Bailey, CEO of Bitcoin Nakamoto, are creating artificial resistance. Once these whales liquidate their holdings, an "up only" trajectory is expected for Bitcoin, potentially surging to $150,000.
Tom Lee, co-founder of Fundstrat, maintains an aggressive forecast of Bitcoin reaching $250,000 by the end of the year. His $250K year-end target is the most aggressive mainstream forecast from major Wall Street analysts. Arthur Hayes, co-founder of BitMEX, supports this target for Bitcoin by the end of 2025.
Technical patterns reveal a bull flag formation on Bitcoin's daily chart with measured targets in the $130,000-$150,000 range. Similarly, experts such as Steven McClurg, CEO of Canary Capital, have predicted Bitcoin could rise close to $150,000 in 2025, citing strong market momentum before a potential bear market in 2026. Analysts at Bernstein target $200,000 within the next six to twelve months, expecting the current bull cycle to last until 2027.
The expert consensus ranges from $150K-$250K for Bitcoin's potential price in 2025. However, the recent sale of 24,000 BTC worth $2.7 billion by a whale caused a flash crash on August 24, dipping Bitcoin price below the forecasted summer channel of $110,000-$120,000. Key resistances for Bitcoin are at $113,000 and $120,000.
Another whale rotated $4 billion worth of Bitcoin into Ethereum through Hyperliquid exchange, adding another layer of uncertainty to the Bitcoin market. Nevertheless, the overall sentiment remains optimistic, with many experts predicting significant gains for Bitcoin in the coming years.
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