If Bitcoin (BTC) holds current support levels, the asset could be on track to set a new record high of $175,000 before the end of the year, as per historical technical trends.
In this line, a move to $175,000 would represent a nearly 50% rally from the press-time value of $116,529.
Bitcoin seven-day price chart. Source: Finbold
Regarding the price outlook, according to market analyst TradingShot, this target is supported by Bitcoin completing a bullish cross on its weekly Stochastic Relative Strength Index (RSI), a signal that has historically marked the start of strong upward moves in the ongoing bull cycle.
In a September 16 TradingView post, the analyst highlighted that every occurrence of this signal since November 2022 has triggered significant rallies, ranging from 65% to over 100%.
Bitcoin price analysis chart. Source: TradingView
The most recent instance in April 2025 led to a 65.9% surge, the weakest advance of the cycle. Even if Bitcoin matches only that perf
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