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After Bitcoin (BTC) hit a new all-time high this week, a trading expert believes the asset is on track for even greater gains, possibly reaching $200,000 in 2025. According to an Analysis by TradingShot , historical trends and technical setups suggest that Bitcoin might reach the $200,000 mark toward the end of this year, as per a May 23 TradingView post.  Bitcoin price analysis chart. Source: TradingView In the outlook, TradingShot emphasized that Bitcoin is currently experiencing its weakest bull cycle to date, a natural consequence of the Theory of Diminishing Returns (TDM).  This theory posits that as markets mature, the magnitude of returns tends to slow. While Bitcoin’s earlier cycles witnessed explosive growth, more recent ones have been comparatively moderate yet notable. To illustrate this, TradingShot overlaid Bitcoin’s previous bull cycles (2009–2011, 2012–2013, 2015–2017, 2019–2021).  The comparison revealed a transition fr...

With Bitcoin (BTC) consolidating above $80,000, historical trends suggest the maiden digital currency could be building momentum for a major breakout, potentially targeting $200,000 next. The possibility of this long-term target is supported by Bitcoin’s position above its one-week moving average 50 (1W MA50). This level has consistently acted as an anchor for bullish breakouts, according to Analysis by online trading expert TradingShot. In a TradingView post on March 21, the analyst noted that Bitcoin’s historical cycles follow a familiar pattern: a bear market bottom, an initial rally attempting to break above the “all-time high lower highs” trendline, and a steady climb within a ‘growth channel.’  Picks for you Here's what gets gold to $4,000, according to commodity strategist ...