{"id":38910,"date":"2025-04-18T11:34:59","date_gmt":"2025-04-18T11:34:59","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/18\/bitcoin-price-prediction-btc-path-to-300000-revealed\/"},"modified":"2025-04-18T11:34:59","modified_gmt":"2025-04-18T11:34:59","slug":"bitcoin-price-prediction-btc-path-to-300000-revealed","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/18\/bitcoin-price-prediction-btc-path-to-300000-revealed\/","title":{"rendered":"Bitcoin price prediction: BTC path to $300,000 revealed"},"content":{"rendered":"
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The Bitcoin price has remained under pressure this year, dropping from a record high of $109,300 to its current level of $84,640. Still, the technicals and its historical performance points to an eventual surge to a record high in the long term. This article explains why the BTC price is expected to surge over time.<\/p>\n

Bitcoin price technical analysis is bullish<\/h2>\n

The weekly chart shows that the BTC price<\/a> has been in a strong bullish trend since its inception. What is clear, however, is the fact that this surge was not a straight line. Instead, the coin has suffered numerous pullbacks in the past. <\/p>\n

For example, it plunged from a high of $19,300 in 2017 to a low of $3,235 in 2018. The other big retreat happened in 2022 when it dropped from a high of $69,125 to a low of $15,283. <\/p>\n

Last year, the coin dropped from a high of $73,735 in March to a low of $49,046 in August. Therefore, these pullbacks are normal, meaning that the coin will likely bounce back later this year once the sentiment improves. <\/p>\n

What is interesting is that Bitcoin dropped to just $74,000 during the ongoing sell-off in the finanial market. As a high-risk asset, one would expect a bigger drop as the fear and greed index plunges.<\/p>\n

BTC<\/a> price chart | Source: TradingView<\/figcaption><\/figure>\n

The other technical pattern to watch is that it has formed a cup and handle pattern on the weekly chart. Its upper side was at $68,975, while the handle section is shown in green. <\/p>\n

The depth of this pattern is 77%, meaning that measuring the same distance from the upper side of the cup brings the target at $122,620. <\/p>\n

However, measuring the distance from the lower side of the cup to the top brings the figure to 340%. Measuring the same distance from the upper side of the cup brings the target to $304,000. <\/p>\n

BTC price chart | Source: TradingView<\/figcaption><\/figure>\n

Gold price and S&P 500 indices have formed a similar pattern<\/h2>\n

Gold, which has recently jumped to a record high, has formed a similar pattern. On the monthly chart below, we see that gold formed a C&H pattern whose distance from the lower side of the cup to the neckline was 82%. Measuring the same distance from the neckline brings the gold price forecast at $3,518. This price is a few points below the Goldman Sachs forecast to $3,700<\/a>. <\/p>\n

Gold price chart | Source: TradingView<\/figcaption><\/figure>\n

The S&P 500 index also formed a similar pattern on the weekly chart. It formed a cup-and-handle pattern, with its upper side at $4,822. The distance from the lower side of the cup to the upper side was 38%, giving its target to $6,625. <\/p>\n

S&P 500 index chart | Source: TradingView<\/a><\/figcaption><\/figure>\n

Other catalysts for Bitcoin price<\/h2>\n

Bitcoin price has more catalysts that may push it higher in the long term. First, the supply has continued falling as the mining difficulty continues rising. Bitcoin has a total supply cap of 21 million, and 19.85 million have been mined already. Millions of those coins have been lost, leaving only 1.15 million coins to mine.<\/p>\n

Bitcoin\u2019s demand has continued to grow in the past few months. For example, there are signs that institutional demand has continued rising. All spot Bitcoin ETFs have accumulated<\/a> over $35.37 billion in inflows, bringing the total assets to $94.5 billion.<\/p>\n

Furthermore, Bitcoin is gradually becoming a safe haven as risks escalate. For example, Bitcoin has declined by approximately 8% this year, outperforming the S&P 500, Dow Jones, and Nasdaq 100 indices. <\/p>\n

Therefore, Bitcoin price will likely continue rising, helped by its strong technicals and fundamentals. <\/p>\n

The post Bitcoin price prediction: BTC path to $300,000 revealed<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin price has remained under pressure this year, dropping from a record high of $109,300 to its current level of $84,640. Still, the technicals and its historical performance points to an eventual surge to a record high in the long term. This article explains why the BTC price is expected to surge over time. <\/p>\n","protected":false},"author":1,"featured_media":38911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-38910","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=38910"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/38911"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=38910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=38910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=38910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}