Despite experiencing a severe market crash, the Bitcoin price has maintained a steady path, showing little movement but remaining resilient. According to a crypto analyst, Bitcoin (BTC) could experience a price recovery sooner than expected. He predicts that the pioneer cryptocurrency can jump from its current market value below $100,000 to reach new all-time highs above $150,000.
Bitcoin Price Recovery Imminent
TradingView crypto analyst Alan Santana has expressed optimism regarding Bitcoin’s future price, highlighting an imminent market recovery. Despite facing minor fluctuations, which the analyst describes as “short-term noise,” Bitcoin is showing promise of a potential trend reversal to the upside. As a result, the analyst predicts that the pioneer cryptocurrency could surge well above $150,000 in 2025.
Supporting his bullish forecast, Santana presented a price chart for Bitcoin on the 3-day timeframe. The analyst highlighted key support and resistance levels for Bitcoin and Fibonacci extensions, which indicate where the leading cryptocurrency might reach during its projected bullish move.
The green arrow in the price chart represents Bitcoin’s ATH target of $163,712, which the analyst predicts could occur in mid-2025. The shaded area on the chart between $89,145 and $79,652 represents the support zone where buyers are expected to step in if the Bitcoin price falls. Additionally, the blue lines between $68,966 and $48,475 showcase longer-term support levels for Bitcoin in the event of a severe price crash.
In the Bitcoin price chart, an earlier descending triangle pattern can be seen. Santana highlighted that Bitcoin previously broke above this bearish triangle pattern, leading to a strong bull rally that propelled Bitcoin to a price high of $105,399.
After a quick retracement, the Bitcoin price returned to its current market value of $94,685. If the cryptocurrency can resume its upward movement, Santana forecasts it could hit his projected ATH of $163,712, corresponding to the 4.618 Fibonacci level.
Analyst Warns Against Selling Bitcoin
Currently trading at $94,685, Santana notes that Bitcoin is testing a key support level, representing an ideal buy zone for investors and traders. The analyst recommends that the best strategy to capitalize on current market trends is to adopt a buy approach or focus on long-term accumulation.
Whether they’re short-term, mid-term, or long-term traders, Santana has declared that now is the time to buy Bitcoin, as the cryptocurrency is expected to surge soon.
The analyst warns that selling Bitcoin prematurely, only to hit back at a higher price during its rebound, could lead to unnecessary loss. Moreover, he advised that selling Bitcoin at this stage is not recommended due to the unpredictability of short-term price drops.
While the future Bitcoin price trajectory remains the focus, Santana has revealed that smaller-cap cryptocurrencies are also capturing the market’s attention. The analyst labeled altcoins as “hidden gems,” highlighting that they deliver extraordinary returns, with some gaining up to 100% to 200% in a single day.
