After Bitcoin (BTC) hit a new all-time high this week, a trading expert believes the asset is on track for even greater gains, possibly reaching $200,000 in 2025.
According to an analysis by TradingShot, historical trends and technical setups suggest that Bitcoin might reach the $200,000 mark toward the end of this year, as per a May 23 TradingView post.
Bitcoin price analysis chart. Source: TradingView
In the outlook, TradingShot emphasized that Bitcoin is currently experiencing its weakest bull cycle to date, a natural consequence of the Theory of Diminishing Returns (TDM).
This theory posits that as markets mature, the magnitude of returns tends to slow. While Bitcoin’s earlier cycles witnessed explosive growth, more recent ones have been comparatively moderate yet notable.
To illustrate this, TradingShot overlaid Bitcoin’s previous bull cycles (2009–2011, 2012–2013, 2015–2017, 2019–2021).
The comparison revealed a transition from aggressive early grow
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