Nakamoto CEO David Bailey has forecasted a strong recovery for Bitcoin, tipping the largest cryptocurrency by market capitalization to close the year at $145,000. While several entities have predicted a strong end to 2025, a steep market crash in October has doused enthusiasm as claims of an extended bear rally deepen.
A Strong Recovery For Bitcoin In The Coming Months
David Bailey, founder of Bitcoin Magazine and Nakamoto CEO, has predicted that the premier cryptocurrency will trade at $145,000 by the end of 2025. Bailey made the forecast in an X post, noting that Bitcoin will defy claims of a bear market to set a new all-time high before the end of the year.
Claims of a bear market reached frenetic levels in mid-October after Bitcoin tumbled from its all-time high of $126,198 to trade at $103,598. Bitcoin’s steep decline sent the global cryptocurrency market capitalization below $4 trillion, with ETH, XRP, and SOL also posting double-digit declines.
As prices began a tentative recovery, Bailey is making a case for near-term bullish price action in Bitcoin. At the moment, BTC is trading at $114,000 and would need to rally by 28% to reach Bailey’s price target by the end of the year.
“Bitcoin is going to be $145K by the end of the year, and y’all will still be arguing if it’s a bear market,” said Bailey.
His comments have elicited support from diverse quarters, with Bloomberg analyst Eric Balchunas the latest to back the projections. Balchunas urged investors to zoom out and keep an eye on the one and three-year returns on BTC, adding that leverage around ETF inflows may have contributed to the steep decline.
Others are turning to technicals as evidence of a short-term Bitcoin rebound, with one analyst projecting a rally to $136,000. Meanwhile, Arthur Hayes refuted claims that Bitcoin will enter a short-term bear market, arguing that the “traditional four-year cycle is dead.”
Despite a growing list of bullish predictions for Bitcoin, several pundits are forecasting an extended run of bearishness for the top crypto. In one analysis, Standard Chartered disclosed that a BTC price crash under $100,000 is “inevitable with Peter Brandt stoking further bearishness with a prediction of a 50% decline.
Source: https://zycrypto.com/david-bailey-predicts-145000-end-of-year-price-point-for-bitcoin-amid-whispers-of-an-extended-bear-rally/
