The price of bitcoin may be on the verge of a significant rise. Analysts from Stockmoney Lizards highlight a remarkably clear buy signal not seen since mid-2024.
According to them, bitcoin could rise to $200,000 in 2025, with a potential spike to $250,000. The market appears to be gearing up for a new phase.
The signal comes from the Optimized Trend Tracker (OTT), a tool that previously predicted major bitcoin price movements accurately. The OTT helps traders identify existing trends. When the price is above the OTT, it indicates an upward trend; below, a downward trend.
Despite current fluctuations around $106,000, analysts remain optimistic. Many expect prices to reach at least $120,000 to $130,000 soon. However, caution is advised as past trends show volatility post-conference.