• Bitcoin could double its value and hit $200k by the end of the year
• Technical and on-chain indicators pointed to ample room for growth

Despite being temporarily stuck in the $90k-$100k range, Bitcoin [BTC] could double its value to $200k by end-2025. This was a projection made by a pseudonymous market analyst – Stockmoney Lizards. 

Part of his analysis read, 

“We are only half-way to the top…We have not reached the top of the channel yet; no RSI-based top signal has been given either and price is still well above the blue channel after a short retest. Year-end target $200k.”

The attached chart highlighted historical RSI (red/green arrows) levels, indicating overbought (bearish reversal) and oversold (bullish reversal) conditions correlated to previous BTC cycle tops/bottoms). 

Based on the same, the RSI hadn’t flagged another bearish reversal (red) signal – A sign that maybe, BTC is still far from topping out.  

More room for growth?

By extension, the aforementioned analysis implied that Bitcoin was undervalued at its press time level. Another valuation model, the True MVRV (Market Value to Realized Value) ratio, confirmed this idea. 

Historically, a True MVRV value of 2 marks local tops while a reading of 4 and above flags cycle tops.

In March and December 2024, BTC’s local tops coincided with an MVRV of 2. At press time, the MVRV had declined to 1.7, suggesting enough growth room for BTC on the price charts.