Bitcoin traders say $400K BTC price is possible if 3 key events occur

Bitcoin’s prolonged downturn has led some traders to call for a market top, while other analysts believe that BTC (BTC) remains on track to attain significantly higher targets in 2025.

One Bitcoin analyst linked the crypto asset’s potential trajectory to gold’s recent surge to an all-time high, underlining the possibility of another 400% rise for the largest cryptocurrency.

Bitcoin can follow gold’s path to $400,000

According to apsk32, an anonymous BTC trader, Bitcoin could potentially follow gold’s pathway in 2025 to attain a price target as high as $400,000. With the help of the power law model normalized against gold’s market cap, the analyst plotted BTC on a logarithmic scale, where each Bitcoin is measured in ounces of gold instead of dollars.

The analyst said that historically, Bitcoin has traded within a predictable range relative to the power law support line, as illustrated in the chart above. The researcher said,

“Even during the biggest bubbles, Bitcoin has never gone more than five years ahead of the trendline. Right now, we’re near the one-year-ahead level, suggesting further upside.”

With respect to BTC’s four-year cycle, another price surge can be expected if the crypto asset continues to follow the market cycle.

In December 2024, Blockware Solutions, a crypto mining firm, also outlined a similar price target range for BTC, as reported by Cointelegraph. The mining firm predicted that a bearish price target for BTC is around $150,000, while a base case is somewhere around $225,000.

However, Blockware Solutions also noted that a US strategic Bitcoin reserve, rate cuts from the Federal Reserve and BTC adoption from corporations could send the cryptocurrency as high as $400,000.

Related: Bitcoin price seasonality data calls for $120K in Q1, but leverage remains BTC’s ‘biggest risk’

Bitcoin taker buy-sell ratio flashes a bullish signal

The cryptocurrency market has been in a bit of a rut over the past week, with BTC prices consolidating between $95,000 and $97,000. The indefinite price action has kept investors on the backseat, but this could change over the next few days.

ShayanBTC, an anonymous markets analyst, highlighted that Bitcoin’s taker buy-sell ratio is flashing a strong reversal from the bottom, hinting at possible upward momentum. The analyst added,

“The 14-day moving average of this metric has shown a bullish reversal following a significant decline. This shift suggests buyers are regaining strength and could soon take control of the futures market.”

As observed, the Bitcoin buy-sell taker ratio’s 14-day SMA previously dropped to 0.96 back in June 2024 and August 2023. On both occasions, the price witnessed a bullish pullback.

Considering the indicator threads above the 1.0 mark, it would signal increasing buying pressure, allowing BTC to break its current sideways market structure.

Related: Bitcoin treasury adoption grows in LATAM, mirroring US strategic BTC reserve plan

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.