After an initial downtrend, Bitcoin appears to be showing some strength as bullish momentum begins to build again. At this point, the possibility of a price surge is still high. Especially since players in that space are preparing for the next upward move. In the same vein, cryptocurrency analyst Weslad predicted that the price of Bitcoin could actually double in the next wave, especially as the macro bullish structure continues to remain firm.
Why Bitcoin is Heading to Around $200,000
The analysis focused on Bitcoin’s macro bullish structure despite multiple market crashes. This bullish macro structure set the price above a critical and immediate demand zone, resulting in a massive rally after an initial plunge below $100,000.
So far, cryptocurrencies are back to consolidation, but this is not a cause for concern as cryptocurrency analysts do not expect the consolidation to last long. Rather, Weslad believes that while this consolidation is acting as a form of “natural pause,” the Bitcoin price continues to move within a broader upward trend.
Another thing this move highlights is that the recent declines have all been a healthy retest for Bitcoin. If so, the decline is not a reversal but simply a healthy correction that could give more strength to the next bounce.
Key interest levels are currently between $92,000 and $101,000 and have held quite well during the recent decline. this is it critical level of support For the next move, the bulls must maintain these targets. Continue the bullish momentum.
If this level holds, cryptocurrency analysts expect Bitcoin price to see another uptrend. In this case, the price will be more than double. The first target for the expansion wave is $142,000-$190,000. However, there is potential for further expansion, which could see the digital asset reach a record high of $297,092.
As for when this move could happen, the analyst’s chart shows it likely to begin in late 2025, with the actual move occurring next year. Therefore, most movements will take more time into 2026, with the peak expected to be reached around August.
“As long as prices remain above the defined demand zone, the long-term outlook is certainly optimistic,” Weslad explained. “A correction within this channel is not a sign of weakness but an opportunity for accumulation.”
Featured image by Dall.E, chart by TradingView.com
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