Analyst Predicts Bitcoin Could Reach $200,000 by End of 2025
Pseudonymous crypto strategist Dave the Wave, who accurately predicted Bitcoin's (BTC) 2021 market meltdown, believes BTC is poised for significant rallies that could push it toward new all-time highs this year.
In an update shared with his 149,200 followers on X, Dave the Wave shared his optimistic forecast for Bitcoin’s price movements.
Dave the Wave suggests that Bitcoin could repeat the explosive rally it experienced from Q4 2023 to Q1 2024, where it surged by nearly 180% in just a few months. His chart suggests that Bitcoin is on track to hit his price target of $200,000 by November 2025.
He acknowledges the uncertainty surrounding the macroeconomic landscape but emphasizes that this will only drive more investors toward Bitcoin as a safe haven. “BTC is not just an asset; it’s also a currency and digital gold. During uncertain times, capital will run to it for liquidity,” said Dave the Wave.
Macroeconomic Factors Won’t Derail Bitcoin’s Bullish Path
While acknowledging Bitcoin’s current weakness, the analyst notes that it remains well-positioned for substantial rallies.
He highlights that investor expectations were extremely high when Bitcoin breached the $100,000 mark, which may have contributed to the current pullback. However, Dave the Wave remains confident in BTC’s long-term growth, predicting it will continue to shine despite short-term challenges.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
