Bitcoin could reach USD 200K in 2025 after an "obvious" price breakout signal
Bitcoin is receiving bullish signals from its "cleanest trend indicator," leading analysts to predict a run towards USD 200,000 this year.
The "cleanest trend indicator" of Bitcoin is flashing upwards for the first time since mid-2024.
Previous signals mostly resulted in a maximum BTC price during the following year.
Market commentators remain firmly bullish about the price trajectory during the consolidation following Bitcoin's last all-time high.
Bitcoin
is set for its "next big rise," as a long-term indicator spikes for the first time since mid-2024.
The analysis posted on X by the trading account Stockmoney Lizards on May 28 described an "obvious" price breakout signal for BTC.
Analysis on the Bitcoin breakout signal: "We are there"
Bitcoin is ready to repeat its race towards a cycle high, just like in 2016 and 2020, reports Stockmoney Lizards.
The Optimized Trend Tracker (OTT) tool, which provides insights into price trends using moving averages and true range data, is primed for Bitcoin's next breakout high.
"The pattern is so obvious it hurts," states the post on X, calling OTT the "cleanest trend indicator you can use for macro movements."
In previous cycles, the price returned to test the OTT trendline cluster, reaching highs after consolidating them as support. This time, there have been two episodes of retesting, and the last seems to be coming to an end.
