Analyst Predicts Bitcoin Could Soar to $350K in Late 2025 as Bullish Momentum Builds

• Analyst forecasts Bitcoin’s 2025 cycle top between $280K and $350K, driven by halving and historical trends.
• Bitcoin’s April 2024 halving could trigger a massive rally, similar to the surges following past halving events.
• A Golden Cross in October 2024 signals strong bullish momentum, pushing Bitcoin toward the $72,000 resistance level.

Bitcoin’s next cycle top could occur in late 2025, reaching unexpected highs, according to analyst Washigorira. Washigorira’s analysis highlights the cyclical nature of Bitcoin’s price movements, showing that the next major top could fall between $280,000 and $350,000. This forecast stems from a close examination of previous halving events and their impact on Bitcoin’s price, as well as key moving averages that suggest bullish momentum.

Bitcoin Halving Cycles and Historical Trends

Bitcoin’s price has historically been driven by halving events, which reduce the rate at which new Bitcoin enters circulation. The chart marks three halving events from 2012 to 2020, each followed by a substantial price increase. The first halving in 2012 saw Bitcoin’s price peak at around $1,100 by the end of 2013. 

The second halving, in 2016, led to a rally that took Bitcoin to nearly $19,000 in 2017. The third halving in 2020 resulted in a top of approximately $69,000 by November 2021. The fourth halving in April 2024 is expected to trigger a similar surge, potentially pushing Bitcoin’s price beyond $280,000 by late 2025.

Price Action and Moving Averages

The price of Bitcoin has consistently shown upward momentum, with key support and resistance levels. Notably, the 50-period Moving Average (MA50) and the 200-period Moving Average (MA200) serve as important indicators of price trends.

In October 2024, Bitcoin experienced a Golden Cross, with the MA50 crossing above the MA200, signaling a bullish shift. This event saw the price rise from $61,000 to $68,500, indicating growing market strength. However, previous Death Cross events, such as the one in June 2024, briefly led to price declines, highlighting the volatility of Bitcoin’s market movements.

Key Support and Resistance Levels

Bitcoin’s price fluctuated between $50,000 and $72,000 during the year, with the $50,000 level serving as a strong support in mid-2024. Meanwhile, resistance near $68,500 to $72,000 could challenge the upward momentum. 

Notably, if Bitcoin breaks through the $72,000 resistance zone, it may push toward new highs. Conversely, a dip below the MA50 could result in a temporary price pullback, testing the $61,000 support. The interaction between these levels and moving averages remains critical for determining future price movements.