Bitcoin and other cryptocurrencies posted significant losses on May 29 as markets continued to price out interest rate cuts — a key tailwind for crypto.

Data from CoinGecko shows BTC dipping below $106,000 to challenge multiday lows.

Still, one pundit remains confident that the benchmark crypto is prepping for its next major leg up as a highly reliable signal materializes for the first time since mid-2024.

Bitcoin To $200,000 In 2025

Popular crypto analyst Stockmoney Lizards took to X to tell his 158,700 followers that Bitcoin is primed to repeat its bull run to a cycle top like in 2016 and 2020.

The monthly Optimized Trend Tracker (OTT) tool, which provides price trend insights by leveraging averages and average true range data, is set for Bitcoin’s next parabolic rally to fresh all-time high.

“The pattern is so obvious it hurts,” the X post claimed, calling OTT the “cleanest trend indicator you can use for macro moves.”

In 2014-2016, the Bitcoin price retested the cluster of OTT trend lines, then rocketed to $20K historic highs after solidifying them as support. The same pattern was witnessed in 2018-2020. And now, two retests have already transpired, suggesting a major upside move is imminent for Bitcoin.

“We just broke out of the monthly OTT bands. Again,” the analyst observed. 

According to Stockmoney Lizards, OTT bands show you when assets are ready for their next major rally, noting that “we’re there.”

As for the price target, the analyst envisions Bitcoin hitting $200,000 by the end of 2025, with a potential “extension” to $250,000 next year.

Smart Money Agrees On Bitcoin’s Year-End Target

Several analysts have set $200,000 as their target for the world’s largest digital asset this year. Geoff Kendrick, global head of digital assets at British multinational bank Standard Chartered, has been one of the leading voices.

As ZyCrypto reported previously, Kendrick predicted that Bitcoin will reach $120,000 in the second quarter of 2025 en route to $200,000 by year-end, fueled by strategic asset reallocation away from US assets, regulatory headwinds, and aggressive accumulation by whales.

Even Ripple boss Bradley Garlinghouse believes that Bitcoin shattering the $200K milestone “is not unreasonable” amid shifting regulatory winds in the United States.

Meanwhile, BitMEX co-founder and former CEO, Arthur Hayes, said Bitcoin could soar to $250,000 in 2025 if the United States Federal Reserve resumes quantitative easing (QE).

---

Filed under: Bitcoin - @ May 29, 2025 10:00 pm