đ„ Why Bitcoin is set to surge past $130,000 in January 2025
A cryptocurrency trading analyst has projected that January 2025 might be the moment when Bitcoin (BTC) clinches a new historical high. This projection follows Bitcoinâs ongoing rally that has placed the asset on the cusp of reclaiming the crucial $70,000 resistance.
Alan Santana, rather than settling for conservative targets of $130,000, suggested that Bitcoin could reach the $155,000 to $200,000 range by early 2025, according to an analysis shared in a TradingView post on October 19.
The expert envisioned two possible trajectories for Bitcoinâs future. In one scenario, Bitcoin could experience an early blow-off top, with a rapid bullish surge peaking around April or May 2025. However, this is considered less likely due to the speed such a rally would require.
The more probable outcome suggests Bitcoin will break out of its current consolidation and enter a lengthy accumulation phase before rising parabolically. This final surge could drive prices to $155,000 or even as high as $208,000, particularly if inflation worsens or significant geopolitical events occur.
âNot $130,000 but actually much higher, think more of a price number around $155,000 or even $180,000 â $200,000 if inflation gets out of control, the only part that needs adjustment is the date,â the expert noted.
Santana emphasized that Bitcoin will likely experience a âblow-off topâ in late 2025, contrasting with the 2021 double-top formation. This blow-off top is typical of Bitcoinâs historical cycles, reminiscent of the 2017 bull market.
A key component of this forecast is Bitcoinâs technical outlook, which outlines notable phases of consolidation followed by a massive rally. The expert highlighted a pattern pointing toward Bitcoin testing support around the 200-day moving average (MA 200), which may create a short-term correction. This correction could bring Bitcoin to around $42,000 before a major bull run starts.
