A Technical Analysis Perspective
In a recent post on X, John Bollinger, the creator of the Bollinger Bands volatility indicator, highlighted that Bitcoin (BTC) is positioned for an upward breakout. The price action of BTC has been closely watched by traders and investors alike, with many hoping to ride the next wave of price growth.
Bollinger Bands: A Guide to Volatility
The Bollinger Bands indicator uses standard deviation around a simple moving average to determine both likely price ranges and volatility. This metric is widely used in technical analysis to gauge market sentiment and potential price movements. In the case of Bitcoin, the recent push-up of the upper band by the BTC/USD pair adds weight to hopes that an imminent reversal back to the center band or sudden upside volatility may now play out.
BTC/USD 1-day chart with Bollinger Bands. Source: John Bollinger/TradingView
The recent price action of Bitcoin has resulted in some ambitious new BTC price targets for 2025 and beyond.
Bitcoin Price May Hit $350,000 in 2025
According to Mauricio Di Bartolomeo, co-founder of Ledn, Bitcoin will continue to increase in value as measured in gold, eventually reaching the price equivalent of 50 ounces of gold per BTC. This would equate to a BTC price of $132,500 at current rates.
'I believe Bitcoin will continue to appreciate in gold terms and will reach a price equivalent to 50 oz of gold,' Bartolomeo stated in an article on Forbes.
Bartolomeo expects to see a slew of portfolio recommendations coming out of ETF issuers’ research desks and registered investment advisors, recommending to their clients to add Bitcoin to their portfolios.
What Will the Bitcoin Price Be in 2025 and Beyond?
A recent report by BlackRock stated that ‘investors may prefer to use Bitcoin tactically to hedge against specific risks, similar to gold.’ Bartolomeo said:
'If you are a fully allocated investor looking to rotate into a bitcoin position, you may be inclined to downsize your gold position to make room, as you’re investing the ‘digital’ version of it.'
Robert Kiyosaki, a vocal advocate for the leading cryptocurrency since 2017, gave a more ambitious prediction in a Dec. 18 post on X. He predicted that the price could surge to $350,000 in 2025.
Kiyosaki’s Prediction: $350,000 by 2025
Source: Robert Kiyosaki
However, it is essential to note that such predictions are subject to market volatility and should be taken as a potential long-term target rather than a guaranteed outcome. Other experts have made even more ambitious forecasts, including Perianne Boring’s forecast of $800,000 based on the stock-to-flow model.
A Look at the Stock-to-Flow Model
PlanB, the creator of the stock-to-flow model, predicts Bitcoin to average around a $500,000 valuation across 2025. However, he said that the price may go as high as $1 million.
Conclusion
As with any investment or trading decision, it is crucial to conduct thorough research and consider multiple perspectives before making a move. The market can be unpredictable, and even the most optimistic predictions may not come to fruition. Nonetheless, Bitcoin’s recent price action and technical analysis metrics provide an encouraging sign for those hoping to ride the next wave of price growth.
Disclaimer
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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