Crypto market optimism has been having a bit of an identity crisis lately. According to the latest analysis from prediction markets on Polymarket, Bitcoin’s bull run might cap off sooner than many hope—at a modest 138,000 by 2025. Yes, you read that right. Despite current BTC levels hovering around $86,436, the market’s playing it “conservative” these days.

Polymarket Insights: The 60% Upside Limit

Data collected on Polymarket suggests that Bitcoin could only gain about 60% from current levels before the bull cycle winds down. User Ashwin, who recently shared his analysis on X, broke down a range of price outcomes. According to his evaluation, Bitcoin’s price could swing anywhere between $59,040 and $138,617—a range that encapsulates both the cautious and the overly ambitious in the crypto community.

BTC price targets on Polymarket. Source: Ashwin/X
BTC price targets on Polymarket. Source: Ashwin/X

Ashwin explained, "This analysis is like a crypto version of the Fear and Greed Index, but with actual price targets for bullish and bearish scenarios." Essentially, while some Bitcoin fans might dream of reaching astronomical figures, these numbers hint that the market is still recovering from the uncertainty brought on by, among other factors, the Trump tariff saga.

Other Prediction Platforms Weigh In

Polymarket isn’t the only platform setting expectations. On fellow prediction site Kalshi, the average BTC price target is around $122,000, which is only slightly higher than Bitcoin’s current all-time highs by about $11,500. These predictions suggest that while there’s buzz about further price gains, the market remains wary and largely conservative.

BTC price odds (screenshot). Source: Kalshi
BTC price odds (screenshot). Source: Kalshi

Key Price Levels and Market Sentiment

Market watchers are keenly aware of critical support levels that could either underpin or undermine Bitcoin’s recovery. Lines in the sand have been drawn around the old all-time high of $73,800 and the 2021 peak of $69,000. One historically accurate forecasting tool even pegged a 95% chance that Bitcoin would hold around $69,000—clear evidence that many don’t expect a moonshot anytime soon.

Popular trader Aksel Kibar emphasized on X that “extremely important for the price not to breach the year-long average of $76,000.” Clearly, while the image of Bitcoin soaring to stratospheric levels remains a tantalizing fantasy for some, a more grounded and conservative outlook is prevailing in the market.

BTC/USD chart. Source: Aksel Kibar/X

Bitcoin's Bullish Future Looks Promising as Analyst Predicts New Highs

Bitcoin network economist Timothy Peterson has painted an optimistic picture for the leading cryptocurrency, suggesting that BTC, currently trading at around $86,982, has a 75% chance of hitting new highs within the next nine months. In a March 25 post on X, Peterson highlighted how Bitcoin’s present position is near the lower bound of its historical range. He argued that being in the bottom 25% threshold of its past price performance gives the asset majority odds for a significant rally.

Peterson explained that there is also a 50% chance for Bitcoin to gain over 50% in the short term. His optimism is further bolstered by a decade-long analysis of Bitcoin’s seasonal trends. Historical data reveals that Bitcoin has demonstrated annual bullish performance during certain months, with April averaging a return rate of 12.98% and October showing an even more impressive 21.98% rise. These seasonal trends suggest that Bitcoin’s price cycle could offer substantial upside as the market recovers and strengthens its momentum.

Bitcoin monthly returns. Source: CoinGlass
Bitcoin monthly returns. Source: CoinGlass

Adding to the bullish narrative, anonymous analyst Crazzyblockk from CryptoQuant pointed out that the realized price for short-term whales is around 91,000. He observed that most highly active addresses currently hold a cost basis between 84,000 and $85,000. This cost basis range serves as a critical liquidity zone. Should Bitcoin dip below this level, it could trigger selling pressure among investors who view these cost levels as key decision zones where market psychology shifts significantly. Crazzyblockk advised that traders and investors keep a close eye on price movements in these areas to better gauge trend strength and anticipate potential reversals.

The analysis from both Peterson and Crazzyblockk emphasizes the pivotal role of market sentiment as Bitcoin navigates through challenges such as trade uncertainties and tariff impacts. With these factors in mind, the projection of a 75% chance for Bitcoin to reach new heights in 2025 appears plausible. As traders dissect onchain data and seasonal trends—supported by insights posted on platforms like X and CryptoQuant—the overall sentiment suggests that Bitcoin could continue to perform strongly as the year progresses.

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