Bitcoin May Still Climb Towards $330K, Says Analyst
A Bitcoin market analyst has put forward a bold projection that suggests the digital currency could still reach between $220,000 and $330,000 by the end of 2025. This is based on a pricing model that analyses long-term trends, rather than short-lived price jumps.
According to researcher Sminston With, the current market cycle has not yet reached its maximum, despite Bitcoin price recently trading around the $110,000 mark. His observations are based on a method that tracks the average Bitcoin price over a full year—known as the 365-day simple moving average (SMA).
Image 1: Bitcoin (Source: Verdict)
A Pattern Based on Long-Term Averages
With’s analysis shows that Bitcoin’s yearly average price currently sits close to a trendline calculated using a model called the “power law fit.” In previous market cycles, this average has typically risen to two or three times higher than that trendline before cooling down. Based on that, With believes Bitcoin may still have significant room to grow, potentially hitting anywhere from $220K to $330K within the current cycle.
Unlike traditional stock markets, where prices often rise exponentially due to growth or earnings, Bitcoin appears to follow a more structured and cyclical pattern. The model With used aims to capture these movements and suggests that the upward potential is far from exhausted.
He also shared additional data showing how the price tends to fluctuate around this trendline in repeating cycles. These movements are not purely random, according to the model, and they reflect a repeating rhythm where Bitcoin’s price rises above the long-term average and then retreats.
Further commentary from another analyst, known as PlanC, added weight to With’s theory. PlanC highlighted the difference between short-term price spikes and sustained price levels. While some argue that peak levels have become less dramatic over time, this model instead focuses on how long Bitcoin holds high values, not just how far it climbs. When looking at the full duration and strength of each market surge, PlanC noted that the longer-lasting strength has remained fairly steady. This could indicate that even if dramatic jumps are becoming smaller, the underlying strength of the market is still present.
Historical Moves Support Future Projections
This isn’t the first time With’s forecasts have proven accurate. In mid-2024, when Bitcoin hovered near $60,000, he predicted the cryptocurrency would break into six-figure territory by early 2025. That prediction came true, adding credibility to his current expectations.
Still, With was clear that his model is drawn from just four previous Bitcoin cycles. This small sample size means that while the projection is compelling, it should be treated cautiously.
In the meantime, long-term holders have begun shifting large amounts of Bitcoin. It has been revealed that over $4 billion in Bitcoin, held for between one and five years, was recently moved. This is the largest movement from that group since early 2025. The biggest portion came from those who had held for three to five years, moving over $2 billion worth of BTC. Other cohorts—those holding from one to three years—added over $1.8 billion combined.
This type of activity is often linked to profit-taking. Many investors sell part of their holdings when the price reaches a high point, especially if they’ve held through previous dips. Historical data shows that these large movements often align with market tops, suggesting that some long-time investors may believe a short-term pullback is near.
Santiment, a market insights firm, added further context. They noted that wallets holding between 100 and 1,000 BTC have grown steadily in recent weeks. This category of holders—commonly referred to as whales—has added over 122,000 BTC in the past month and a half. These entities tend to accumulate during periods of consolidation and are closely watched for signs of major price shifts.
Image 2: Bitcoin (Source: Unsplash)
Outlook Remains Bullish Despite Correction
Bitcoin has dropped slightly in recent days, dipping below $108,000 after climbing from lows near $74,500 earlier this year. Still, analysts point out that the broader uptrend remains intact. Since the start of the year, Bitcoin has continued to post higher highs and higher lows—a classic indicator of strength.
Read Also: Will Bitcoin Keep Its Lead? Analysts Share Perspectives
After each rally, the market has generally moved sideways before setting up for the next leg upwards. The most recent dip took prices back to levels seen about ten days earlier, hinting at a familiar pattern of short pauses between breakouts. While another correction could be around the corner, the longer trend appears to remain favourable.
