“The next months can be epic for Bitcoin”: David Zanoni

  • “I maintain a forecast of at least USD 150,000 by Bitcoin in this cycle,” says Zanoni.

  • That projection seems realistic if the current prices of the digital currency are considered.

Financial analyst David Zanoni issued an optimistic prognosis about the near future of Bitcoin (BTC) highlighting that the next months could be key to the currency, with a significant increase potential in its price.

According to Zanoni, the market is Entering In the final stage of this bullish cycle, similar to the previous cycles, which has historically led to important increases in the value of BTC. In that sense, the specialist maintains his forecast that Bitcoin’s price could reach at least USD 150,000 in this cycle.

Compared to other assets, Bitcoin has shown superior performance in 2025. While the S&P 500 has registered an increase of less than 9% so far this year, BTC has experienced a growth of 28%, as seen in the following graph, which reinforces the idea that The asset could exceed the broader market in terms of performance this year.

Bitcoin price chart.Bitcoin price chart.
BTC has increased 28% since it started 2025. Source: TrainingView.

One of the most decisive factors in this cycle is the growing institutional demand by BTC. Zanoni remembers that large -scale companies, such as Strategy, have been buying large amounts of BTC. Currently, that corporate entity has 628,946 BTC, and its continuous purchasing plan reflects an increase in demand.

In addition, other companies such as Mara Holdings (50,639 BTC) and Twenty One Capital (43,514 BTC) are investing in the digital currency, which underlines the growing influence of the institutional sector in the market.

The following image shows the Top 100 of stock exchange companies that accumulate more bitcoin to date:

Top 100 of companies that accumulate BTC.Top 100 of companies that accumulate BTC.
These are the 100 stock exchange companies that accumulate BTC. Fountain: Bitcintreasuries.

Likewise, the increase in institutional demand has been promoted by the inclusion of BTC in the funds quoted in the stock market (ETF). Since these BTC -based investment vehicles were approved in January 2024, more than 150,000 million dollars have fluid to these products, what has resulted in a greater exposure of Bitcoin to large investors As coverage funds and patrimonial administrators, Zanoni argues.

In the following graph of Sosovalue, the increase in the total net volume of Bitcoin ETFs since January 2024:

Bitcoin ETF Net Assets Graph.Bitcoin ETF Net Assets Graph.
More than 150,000 million dollars have fluid to Bitcoin ETFs. Fountain: Sosovalue.

The impact of government actions and strategic reserves

On the other hand, on August 7, 2025, the president of the United States, Donald Trump, signed an executive order that allows the Inclusion of cryptocurrencies in plans 401 (K)as cryptonotic reports. If it is implemented in a generalized way, this measure could lead to a significant increase in BTC’s demand, says Zanoni.

“A more generalized offer in a variety of retirement plans would probably increase Bitcoin’s demand, exerting bullish pressure on the price,” said the specialist.

In addition, some countries are taking strategic measures by establishing Bitcoin reserves, which helps consolidate the acceptance of the asset. United States and China, for example, have accumulated Large amounts of BTC, with 200,000 and 190,000 BTC respectively.

Other countries, such as the United Kingdom, Bután and El Salvador, have also created reservations, which It helps create a positive Bitcoin perception among institutional and private investors.

Technical perspective and possible price increase

From a technical point of view, the analysis of the BTC graphics shows bullish signals. In the daily chart, for example, there is a hidden bullish divergence, since the price of the currency has shown a higher minimum, while the relative force index (RSI) has shown a lower minimum. This type of pattern usually indicates that the price could move upSuggests Zanoni.

In addition, the MACD indicator has begun to recover land after a mass sale in July 80,000 BTC, suggesting that the sales pressure is decreasing. If the MACD continues to climb and the histogram bars become green, a new bullish trend will be confirmed.

In a broader analysis, the BTC monthly chart shows that the RSI has not yet exceeded the level of 70, indicating that there is room for an increase in the price Before entering the territory of overcompra.

The previous cycles have shown that the price of Bitcoin tends to rise considerably when the RSI is entered into overcompra zones, so it is possible that a price increase is seen as the halving cycle approaches its end.

“I want to point out that the previous cycles have been consistent in terms of duration in days. For example, the last two Halving cycles lasted exactly 1,064 days from the minimum of the price to the maximum of the price. The first cycle lasted a little longer, with 1,148 days. Then, if we use 1,064 days, the current cycle would take us until October 2025. It is also possible that this cycle lasts more or less than the previous cycles. Educated assumption based on previous cycles says that this cycle should last at least until October. ”

David Zanoni, financial analyst.

Risks and warnings for investors

Although perspectives are positive, There are certain risks that investors must take into account. One of the main ones is that, although the price of Bitcoin has been increasing, the volume of purchases has shown signs of deceleration from April to July. If the volume does not recover in the coming months, the price could have reached its maximum point near the USD 123,000, the analyst warns.

Another risk is Bitcoin’s inherent volatility. Although the price of the currency has reached new maximums in each cycle, it has also experienced significant falls, up to 70% after the price peaks.

Although many BTC defenders promote the strategy of buying and maintaining, investors must be aware of the possibility of deep corrections and have an exit strategy in mind, recommends the specialist.

As for the near future, Zanoni projects that the price rally will continue during the months of August and September. Although the upward cycle could be extended until October 2025, there is the possibility that the current cycle extends even more, he said.

Zanoni, in any case, maintains its forecast that the price of BTC could reach at least the USD 150,000, which would represent a substantial increase compared to the USD 15,000 reached in 2022.

The gold market also influences Bitcoin

An additional factor that could influence Bitcoin’s behavior is the movement of the gold market. The financial analyst Sean Brodrick suggests that, if the gold manages to break the USD 3,400 barrier per ounce, A new bullish phase that could benefit BTC would openCryptonotic reports.

It is that, historically, this type of movements in gold tend to anticipate BTC movements. The analysis has shown that the maximum and minimum in the gold precede those of the digital currency, as shown in the following graph, so The recent strengthening of gold could be a sign that BTC has not yet touched its roof.

Bitcoin Vs. gold.Bitcoin Vs. gold.
Bitcoin has followed the behavior of gold. Fountain: Weiss Crypto.

In addition, the Weiss Crypto firm esteem That BTC could reach a new historical maximum in November 2025, based on a technical model that combines historical data and current analysis. If gold continues to overcome the USD 3,450 on an ounce, Bitcoin’s upward cycle could continue for a longer time, even until 2026.

As for the immediate future, the projections point to a consolidation phase for Bitcoin. During the third quarter of 2025, BTC has registered A positive accumulated performance of +8.76%, which suggests a stabilization after a strong rebound. The second quarter closed with an increase of +29.74%, while the first quarter recorded a drop of -11.82%. This pattern indicates a possible consolidation before a new bullish movement.

The analyst Marija Matic suggests that this consolidation period is natural and does not necessarily indicate a “crypto winter.” According to Matic, this could only be a break before a rebound driven by seasonal factors, macroeconomic dynamics and market expectations.

Future projections: 2025 and beyond

From a cyclical perspective, analysts such as Ryan Lee de Bitget Research argue that Bitcoin could exceed $ 130,000 in the late 2025. For its part, the Standard Chartered Bank projects a continuation of the upward cycle with goals of $ 300,000 by 2026, $ 400,000 for 2027 and 500,000 dollars by 2028.

Finally, analyst Willy Woo also agrees with the idea that the market is in the final phase of the current upward cycle, but does not rule out that Bitcoin institutional fever can continue to boost the price beyond 2025.

In summary, the next months will be crucial for Bitcoin. The combination of a limited supply, the growing institutional demand, favorable government policies and technical analysis suggest that BTC could experience a significant increase in its price. However, Zanoni warns, investors must be cautious and closely follow market movements to maximize their profits and manage risks.

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