Will Bitcoin Reach $150,000 by 2025? An Analytical Perspective

Bitcoin (BTC) recently broke out from a classic cup-and-handle pattern, reaching approximately $123,000. Technical analysts suggest there could be potential for Bitcoin to advance further toward the $150,000 mark. But how feasible is this scenario? Crypto expert Lark Davis highlights that Bitcoin's three-year cup-and-handle formation has nearly completed its expected move, with the breakout targeting around $123,000. He observes a smaller, emerging cup-and-handle pattern above this level, with its technical target aligning near $151,000 based on the 2.618 Fibonacci extension. This convergence of technical indicators reinforces the possibility of an upward push, making $150,000 a plausible target rooted in traditional technical analysis. Additionally, the Elliott Wave Triple Combo pattern (W–X–Y–X–Z) is attracting attention. This intricate formation involves three corrective waves separated by two X-waves, often signaling a period of consolidation before a significant breakout. On Bitcoin's daily chart, this pattern shows a symmetrical development: after wave W peaked in January 2025, a correction (X) followed, then a strong rally into wave Y, and a subsequent dip into the latest ...