Bitcoin has the potential to reach a staggering $250,000 by 2025, according to analysis of on-chain data. Using the relative strength index (RSI), Bitcoindata21 predicts that BTC/USD could reach six figures, with the current price hovering around $65,696. By analyzing previous highs in monthly RSI readings, which correspond to significant peaks in the BTC/USD chart, Bitcoindata21 estimates that the peak of the current bull market could be around $250,000. They also highlight that Bitcoin’s past bull markets have resulted in rapid gains towards macro peaks, indicating that a short deadline for reaching this price is not uncommon. Bitcoindata21 believes that the current market sentiment, characterized by apathy and disbelief, is the perfect environment for Bitcoin’s price to surge higher than expected.
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Bitcoin could hit $250K in 2025 – Here’s how and why
