One of the few analysts who accurately called Bitcoin’s 2025 top says BTC will likely form a bottom in the near term.
The pseudonymous analyst KillaXBT tells his 206,800 followers on X that Bitcoin is likely to trade sideways in the coming months before setting the stage for a massive breakout based on historic precedence.
“I think the most likely scenario is that BTC chops sideways for the next few months. As much as I’d love to see BTC V-shape recover, that’s not something we’ve historically seen before. In previous bear market cycles, the market has typically spent time consolidating and ranging before a true trend reversal takes hold. So, pumps are likely shallow for now. Take that into consideration.”
Looking at his chart, the analyst suggest BTC may tag the $52,000 level before entering a bullish trend.
KillaXBT also says that Bitcoin’s percentage of supply in profit and loss metric is flashing signs of a bottom based on previous cycles.
“Percentage of BTC supply in profit at each bottom:
- 2012: 47.77%
- 2014: 42.23%
- 2019: 40.20%
- 2022: 47.98%
- 2026: 47.91%
Most people don’t realize how close we are to the bottom. The $30,000 calls are just like the $10,000 calls last cycle, everyone expected them, but they never came.”
Bitcoin is trading for $61,557 at time of writing, down 1.6% on the day.
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