Bitcoin may face three potential trend scenarios in the future, with the most optimistic forecasting a rise to $150,000 to $175,000 over the next 12 months.

This forecast is supported by factors such as a strong influx of institutional capital and positive investor sentiment following the Trump administration's plans to create a national Bitcoin reserve.

Positive forecasts from experts and market signals

Bitcoin (BTC) demonstrates promising prospects as numerous positive signals from the market and expert forecasts emerge in early May 2025. In the analysis by AxelAdlerJr, to date, on-chain momentum is in the 'initial' phase of a bullish market. The Bitcoin Composite Index currently stands at ≈ 0.8 (80%). Based on this metric, AxelAdlerJr outlined three possible scenarios.

In the most optimistic scenario, the price of BTC could reach $150,000 to $175,000, following the cyclical logic of 2017 and 2021. This will happen if the Bitcoin Composite Index exceeds 1.0 and stays above that level.

If the ratio remains in the range of 0.8–1.0, the market is likely to consolidate in a broad corridor between $90,000 and $110,000, indicating that participants are holding positions without increasing exposure.

Alternatively, if the ratio drops to 0.75 or lower, short-term holders may start taking profits, potentially leading to a price correction to $70,000–85,000. However, AxelAdlerJr notes that this scenario is less likely than the other two. Signs on-chain further bolster the bullish forecast. According to Coinglass, approximately 42,525.89 Bitcoins have been withdrawn from centralized exchanges (CEX) in the last 7 days, reducing exchange supplies to a 7-year low of about 2.48 million BTC.

The trend of withdrawing Bitcoins from exchanges is often seen as a positive signal, as it indicates accumulation by investors and reduced selling pressure, paving the way for price growth. The 7-day volatility of Bitcoin has also reached its lowest level in 563 days. Low volatility typically signals a period of accumulation before a price breakout, as observed during previous major rallies, such as in 2020 before Bitcoin reached $69,000. Technical analysis and key price levels

Technical analysis also supports a bullish scenario for Bitcoin. According to a post on X by Ali, the key support levels for Bitcoin are at $93,198 and $83,444, indicating strong consolidation above these thresholds.

If Bitcoin holds above $93,198, the likelihood of continuing the upward trend to reach the target of $150,000 becomes very probable.

«The most important support levels for #Bitcoin are $93,198 and $83,444. Key areas to watch if momentum changes,» shared Ali.

Additionally, Breedlove22, a well-known analyst, shared on X three indicators signaling optimism for Bitcoin. The first is the average production cost of miners. According to Breedlove22, this metric is at a low, indicating a potential significant bullish market on the horizon. The second indicator is the supply held by long-term holders, which measures Bitcoins that have not been moved on-chain for at least 155 days. Breedlove22 noted that in the last 30 days, long-term holders acquired an additional ~150,000 BTC.

«Bitcoin is exhausting sellers in the range of $80,000 to $100,000,» noted Breedlove22.

In conclusion, and most importantly, it is the liquidity in US dollars that actually represents the 'demand' in the equation. More dollars in the system mean more potential buyers.

«And it's not just the liquidity in US dollars that's increasing – the liquidity of all fiat currencies is on the rise, and Bitcoin is a global asset,» added Breedlove22.

Echoing Breedlove22's viewpoint, another user on X shared that the Bitcoin valuation based on hash rate is at a support level, indicating a possible local bottom. In an optimistic scenario, Bitcoin has a significant opportunity to reach $150,000 to $175,000. However, investors should also prepare for risks, such as short-term price corrections.

With strong support levels at $93,198 and $83,444, Bitcoin has a solid foundation for continued growth, but caution remains important.