5 months ago
Positive policy developments coupled with technical indicators point to bitcoin and the cryptocurrency market being well-placed to explode to new trading highs, writes Biyond’s Nathan Batchelor.
Aug 27, 2025, 4:11 p.m.
Price outlook
Our analysis for the remainder of 2025 forecasts bitcoin reaching a target of $150,000 to $160,000 driven by a Fed policy pivot and rate drop expectations in the United States, beneficial liquidity conditions and the increasingly positive crypto regulatory environment.
The latest announcement from the Trump administration allowing cryptos into 401(k)s adds an extra layer to the crypto adoption narrative, and a clear pathway to expanding the existing crypto market cap via the estimated 9 trillion USD retirement market in the United States.
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Ongoing crypto catalysts
- Liquidity conditions: Ongoing liquidity injections from the PBOC and the overall expansion of Global M2.
- Corporates & funds: Institutions are putting their balance sheets to work in bitcoin like never before. Additionally, the number of bitcoin and ether funds continues to rapidly grow.
- ISM survey is expected to rise above 50.0. When the ISM survey goes into positive territory it has previously correlated with the start of “alt season.”
Quantitative models and risks
Our quantitative models remain positive and show significant scope for further upside in bitcoin and the broader market:
- Our Vanguard model, which is a trend detection system, continues to generate long conviction weekly signals.
- Weekly price closes above $119,000 will keep the bullish sentiment alive and cement the technical backdrop for further upside into uncharted waters for bitcoin.
Source: Biyond.co, August 2025
Risks
- An acceleration of negative data points in the United States, leading to stagflation fears and risk-off over fears of a global slowdown.
- A significant pullback in the S&P 500 in Q3, possibly from the 6,660 level, which remains a primary target.
- Negative tariff headlines, and more specifically, a breakdown in Sino-U.S. trade talks.
- Extensive profit taking from ETF holders if bitcoin crosses $150,000 or even $160,000
Insights from Demark indicator
Demark TD sequential monthly chart is pointing to a possible top at the end of the year with the index moving towards setup 9 and countdown 13. When the Demark indicator has approached 9 or 13 previously, it has signalled strong overbought exhaustion.
Source: Symbolik Demark TD Sequential
Crypto total market cap
The potential breakout of the crypto total market capitalization chart presents another dynamic to the ongoing and previously mentioned bullish catalyst for the crypto market. Namely:
- An initial Q3 target of five trillion USD.
- A broad-based crypto market rally encompassing the top 150 cryptos.
- Limited scope for downside under 4 trillion USD once a definitive chart breakout occurs.
Conclusion
Bitcoin and the cryptocurrency market are well-placed to explode to new trading highs, with projections expected to reach between $150,000-160,000, and a five trillion USD market capitalization.
Key upcoming risk events include higher CPI readings in the coming months and a halt in trade negotiations between the United States and China, although we feel it is far more likely a “kicking of the can” down the road and an extension of ongoing trade talks to appease markets.
Based on all the positive developments surrounding bitcoin and technical indicators, a strong case can be made for further strong price appreciation running into year-end.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Nathan Batchelor
Nathan has been trading Forex, commodities, and equities since 2007, and is also highly experienced as a cryptocurrency trader. Before co-founding Biyond he was the Head Bitcoin trader at the cryptocurrency research firm SIMETRI. Previously, Nathan was a professional trader for a boutique hedge fund based in London and Sydney. His trend following system, along with solid risk management, has gained him a reputation as a safe pair of hands in the highly volatile cryptocurrency market. Nathan holds a degree in Finance and has an extensive background providing research to proprietary trading houses and fund managers.
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