Bitcoin has shown two important bullish patterns that could push its price above $295,000 later in 2025. Analyst Mags studied Bitcoin’s charts and spotted an ascending triangle and a rising wedge, which are signs of strong upward momentum.
Recently, Bitcoin moved from about $106,000 on May 22 to a high of just above $111,000. After facing resistance, its price dipped to near $107,000 by May 25. Despite this short-term drop, experts believe Bitcoin is preparing for a major rally.
The upper trendline of the ascending triangle connects Bitcoin’s past all-time highs, including the $19,712 peak in December 2017 and the $66,000 peak in November 2021. This line points to another possible all-time high in 2025 or 2026.
The lower trendline has held strong support since late 2022, helping Bitcoin bounce back from drops around $15,700 in November 2022, $25,000 in September 2023, and $76,000 in April 2025.
These patterns suggest Bitcoin’s price could rise about 170% from around $109,000 now to between $295,000 and $300,000 by mid to late 2025.
Supporting this forecast, Standard Chartered expects Bitcoin to reach $200,000 by the end of 2025 and $300,000 in 2026. The bank also predicts Bitcoin could climb to $400,000 in 2027 and $500,000 in 2028.
At a recent Bitcoin Conference in Las Vegas, Michael Saylor, Strategy Executive Chairman, discussed how Wall Street’s growing involvement could push Bitcoin’s market cap to $20 trillion. If Wall Street increases its ownership from 5% to 10%, Bitcoin’s price might reach around $1 million per coin.
Currently, Wall Street owns about 5% of Bitcoin, worth roughly $2.5 trillion, while the rest belongs to global investors. Doubling Wall Street’s share could greatly increase Bitcoin’s market value.
Disclaimer: This article is for informational purposes only and does not provide financial advice. Always do your own research before investing.
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