Bitcoin performed exceptionally well in 2023 and 2024, and hopes are high that this growth will continue in 2025. According to renowned analyst Kevin Svenson, the likelihood of continued gains is more than promising.
New All-Time Highs Expected
Svenson predicts that Bitcoin will reach new all-time highs in 2025, citing the intact strength of the main trend. Despite market fluctuations, Svenson remains optimistic, emphasizing that Bitcoin’s long-term upward trajectory remains unbroken.
Explosive Price Movement Predicted for Late 2025
In his latest video, Kevin Svenson boldly predicts an “explosive price movement” for Bitcoin toward the end of 2025.
“The parabolic trend on Bitcoin’s weekly chart is still intact and, in fact, very healthy. Look at this—it’s amazing. The weekly candles are turning green again. It looks like Bitcoin is forming a beautiful hammer candle here, and historically, such candles often precede significant upward moves.
Bitcoin has bounced nicely off the parabolic trendline, which means the digital currency could theoretically dip further if it wanted to. Even then, it would still create a higher low within the exponential parabolic trend.
I’m not saying that will happen. My gut feeling is bullish, and there’s absolutely nothing wrong with the trend,” Svenson said in his commentary, referring to the chart shown below.
Bitcoin Positioned for Major Gains
“Theoretically, Bitcoin is now forming the fourth base of its parabolic trend,” Svenson explains. “This parabola is absolutely stunning, and you can clearly identify the first, second, and third bases. The arrow on the chart indicates the potential fourth base.”
Svenson emphasizes that the formation of this fourth base is a critical development within the ongoing parabolic trend. If the pattern holds, it could serve as the foundation for significant upward movement, potentially pushing Bitcoin to new heights.
Bitcoin Could Dip Further Before Surging
“It’s possible that Bitcoin may drop a bit further,” says popular analyst Kevin Svenson. “That wouldn’t be a big deal as long as it forms an exponential higher low. This would represent the creation of the fourth base in the parabolic trend—and this could very well be that low.
Again, this could happen; I see no reason why it wouldn’t. This is the formation of the fourth base, which means our sell point (as indicated on the chart) is approaching,” Svenson explains.
What do you think? Will Bitcoin still push toward $200,000 in 2025, or has the bull market already run its course?
Bitcoin Price Analysis
Bitcoin is trading at $97,219, reflecting a minor increase of +0.14%. The price has recovered from its recent dip near $94,000 and is consolidating above the key 200 SMA ($96,942), indicating strong bullish support. Short-term momentum is confirmed by the RSI at 71.93, nearing overbought levels, suggesting possible resistance ahead.
Immediate resistance is at $97,500, with potential to test $98,000 if bullish momentum continues. Support is at $96,500, with a breakdown potentially targeting $95,000. A decisive move beyond resistance or below support will confirm the next trend direction.
I have been drawn to technology and science fiction since I was a child. Studying IT has drawn me to the world of cryptocurrencies, where I have been working since 2014. I have learned a lot since then. And I still have a lot to learn. What fascinates me most about them is that they connect so many worlds together and the possibility of free choice. Without limits.