Crypto analyst Titan of Crypto predicts that Bitcoin will surge 35% to $85,000 by the end of the year, while veteran analyst Peter Brandt predicts that the ratio of Bitcoin to gold will rise by more than 400% by 2025.
Bitcoin continued to climb higher after experiencing brief fluctuations this morning (23). At the time of writing, it exceeded US$64,600, which is only one step away from the record of US$65,000 set in mid-August.
As the market seems to be stimulated by the Federal Reserve's interest rate cuts, well-known trader analyst Titan of Crypto expressed a bullish view on the X platform over the weekend, saying that Bitcoin prices are expected to rise by about 35% by the end of the year, and set a medium-term target of 85,000 Dollar. He pointed out:
"A weekly RSI breakout means Bitcoin will have explosive moves before the end of the year."
The RSI is a classic indicator used to analyze market momentum, and when the RSI is above 50, it usually means the market is bullish.
He also added: "Historical data shows that when September closes in the green, the fourth quarter usually shows a strong upward trend. If Bitcoin can close above $59,000 this month, a bull market at the end of the year can be expected."
Bitcoin-to-gold ratio could rise sharply, with analysts predicting a 400% rise
In addition to Bitcoin’s price action, veteran analyst Peter Brandt, founder of Factor Trading, who successfully predicted Bitcoin’s 2018 crash, is also extremely bullish on the ratio of Bitcoin to gold. He posted on the X platform that according to the technical analysis of the inverted head and shoulders pattern (IH&S), the ratio of Bitcoin to gold is expected to rise by more than 400% in 2025.
He predicted that the price of 1 BTC could reach 123 ounces of gold as early as 2025, which would be a more than four-fold increase from 24 ounces on September 22, 2024.
Ethereum active addresses fall to lowest point of the year
In contrast, although the price of Ethereum (ETH) also continues to rise, the number of active accounts on the network has dropped to its lowest point during the year, about 385,000, according to data reported by The Block. This number has been the lowest since December 2023. lowest value since.
Recently, Bitwise chief information officer Matt Hougan pointed out: "No one likes Ethereum right now" and described it as a possible "contrarian investment" opportunity.
