Bitcoin power law suggests a ‘coiled spring’ ready to burst higher: Analyst

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The bullish price prediction comes amid lowered BTC forecasts from analysts and falling crypto prices, raising investor fears that the next bear market has already started.

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Market analysts and crypto industry executives lower BTC price forecasts

Several investment firms have lowered their BTC price predictions following a historic market crash in October that took the price of BTC below $100,000, a critical psychological price level.

Galaxy lowered its 2025 end-of-year forecast for Bitcoin from $180,000 to $120,000 on Wednesday, citing the October market crash, lower volatility due to market maturation, and investors rotating into competing narratives like AI.

“If bitcoin can maintain the $100,000 level, we believe the almost three-year bull market will remain structurally intact, though the pace of future gains may be slower,” Galaxy’s head of firmwide research, Alex Thorn, said.

Thorn added that the crypto market crash in October “materially damaged” the bullish price trend in the short-term, but said he remains bullish on Bitcoin’s long-term price action.

Cathie Wood, the founder of investment firm Ark Invest, also lowered her long-term BTC price forecast by $300,000 due to stablecoins eroding Bitcoin’s market share by satisfying demand for a store-of-value asset in emerging economies.

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