- Bitcoin could double its value and reach $200,000 by the end of the year
- Technical and internal indicators pointed to sufficient room for growth
Despite being temporarily stuck in the $90,000 to $100,000 range, Bitcoin [BTC] could double its value to $200,000 by the end of 2025. This was a projection made by a pseudonymous market analyst – Stockmoney Lizards.
Part of his analysis read,
“We’re only halfway to the top…We haven’t reached the top of the canal yet; No RSI-based top signal has been given either and the price is still well above the blue channel after a short retest. Final goal: $200,000.”
Source:
The accompanying chart highlighted historical RSI levels (red/green arrows), which indicate overbought (bearish reversal) and oversold (bullish reversal) conditions correlated with previous BTC cycle tops/bottoms).
Based on this, the RSI had not issued a new bearish reversal signal (red) – a sign that BTC may be far from reaching its peak.
More room for growth?
By extension, the aforementioned analysis implied that Bitcoin was undervalued at press time. Another valuation model, the True MVRV (Market Value to Realized Value) ratio, confirmed this idea.
Historically, a True MVRV value of 2 marks local peaks, while a value of 4 and above marks cycle peaks.
In March and December 2024, BTC’s local highs coincided with an MVRV of 2. At the time of writing, the MVRV had fallen to 1.7, indicating that there is plenty of room for BTC to grow on the price charts.
Source: CryptoQuant
Similarly, the 200-week MA (moving average), typically marking the bottom of the BTC cycle, rose to $43,000. Simply put, the next bear phase could reach above $40,000 before a new bull run phase is triggered.
Source:
However, it is worth pointing out that the king coin still faces some short-term risks. According to crypto trading firm QCP Capital, Donald Trump’s presidential inauguration and slow expectations of Fed rate cuts could expose BTC to awkward moves.
Some of the daily market commentary shared on Telegram read,
“Expect increased volatility before and after the inauguration as markets digest and adjust to a new term under Trump. We remain cautious on the downside as the $90k level in BTC has been tested multiple times.”