Can Bitcoin Price Actually Reach $150,000 in 2025?

Bitcoin (BTC) has rallied by over 140% in 2024, drawing close to $108,000 price level for the first in history. The cryptocurrency’s price boom, driven by Donald Trump’s election win and a continued interest in spot Bitcoin exchange-traded funds, has reignited debates about its potential to reach $150,000 by 2025.

ETF Demand and Halving Back $150,000 Target

Several high-profile analysts and firms have set $150,000 as their 2025 price target for Bitcoin. That includes Alliance Bernstein, Martin Leinweber from MarketVector Indexes, Mark Palmer from the Benchmark Company, veteran trader Peter Brandt, and others.

Most analysts highlight the importance of the Bitcoin halving in April 2024, which reduced block rewards from 6.25 BTC to 3.125 BTC. Historically, these halving events have triggered a supply shock, driving price increases as demand remains steady or rises.

Bitcoin has historically exhibited a clear pattern after halvings, with its price surging tenfold or more in the 12 to 18 months following the event. For instance, the 2016 halving pushed Bitcoin from around $600 to nearly $20,000 in late 2017, while the 2020 halving drove prices from $8,000 to a record $69,000 by November 2021.

This time, demand for Bitcoin has soared due to the approval of spot Bitcoin ETFs in January 2024, which have attracted $36.28 billion since then.

Analysts like veteran trader Peter Brandt also align with this view, citing Bitcoin’s cyclical nature. Bitcoin’s four-year cycle, driven by the halving mechanism, has consistently produced market tops roughly 12 to 18 months after each halving event.

#6
Bitcoin $BTC
7 month inverted expanding triangle continues to form
The sequence of lower highs and lower lows from Mar 2024 has NOT yet been violated#6
Long Bitcoin is my single largest speculative position pic.twitter.com/DZHLS8gMMU

— Peter Brandt (@PeterLBrandt) October 21, 2024

Brandt believes that Bitcoin’s price structure aligns with this historical trend, increasing the likelihood of reaching $150,000 during the next market cycle.

Bitcoin (BTC) Price Technical Analysis

From a technical perspective, Bitcoin’s current price action supports these bullish forecasts.

The attached weekly chart shows Bitcoin comfortably trading above key exponential moving averages (EMAs), including the 20-week EMA at $81,022 and the 50-week EMA at $66,994.

Additionally, Fibonacci retracement and extension levels provide further clues. Bitcoin has already broken above the 1.618 Fibonacci extension target of around $102,000 and now eyes a run-up toward $155,317, aligning with the 2.618 level.

The Relative Strength Index (RSI) is near 79.74 on the weekly chart, indicating that Bitcoin is overbought. This may lead to a period of consolidation or correction, with the $102,000 serving as the next downside target.

The combination of Bitcoin’s upcoming halving, institutional adoption, and historical patterns supports the $150,000 target.