Bitcoin Price Analysis and Forecast
In a recent analysis, Dr. Arnout Ter Schure discusses the current state of Bitcoin (BTC) and its potential price movements based on technical patterns and the Elliott Wave (EW) Principle. The article highlights a Bull flag pattern that is forming, with a target price of approximately $136,000, which aligns with the third wave target of a rally that began in early April.
Current Market Situation
As of June 25, 2025, Bitcoin was trading around $108,760. The previous analysis indicated that Bitcoin could either be at the end of a correction or could experience further subdivision in its price movements. The market opted for the latter, with Bitcoin bottoming at $98,240 on June 22 before rebounding to $108,182.
Risk vs. Reward Analysis
Dr. Ter Schure emphasizes a risk versus reward scenario, suggesting that the potential reward of $50,000 outweighs the risk of $15,000. This perspective encourages investors to view any deeper pullbacks as buying opportunities, reinforcing a bullish stance on Bitcoin.
Technical Analysis: Bull Flag and Fibonacci Levels
The analysis includes a technical chart illustrating the Bull flag pattern, with breakout potential above the upper descending trendline targeting $136,000. This target coincides with the 100% extension of the first wave (W-1) measured from the June 22 low, representing a typical target within a Fibonacci-based impulse pattern.
According to the analysis, the rally from the June 22 low is identified as the first wave (W-i), with a potential quick pullback for the second wave (W-ii) providing a final opportunity for investors to enter before a significant upward movement. The article suggests that if the typical Fibonacci path is followed, Bitcoin could ultimately reach between $164,000 and $216,000 by the end of the year.
Conclusion
Overall, the article presents a bullish outlook for Bitcoin, supported by technical analysis and the potential for significant price increases in the coming months. Investors are encouraged to monitor the market closely and consider the outlined price targets and patterns as they make trading decisions.