Bitcoin (BTC) price may hit $200,000 in Q4 2025, according to power curve trends

Bitcoin follows gold's price trend with a 100-150 day lag.

Key takeaways:

Based on power curve trends, Bitcoin may hit $200,000 in Q4 2025.

Bitcoin follows gold’s price trend with a 100-150 day lag.

Bitcoin’s (BTC) price has rallied 11% this week, its best weekly return in 2025 and its highest seven-day growth since early November 2024. Bitcoin also reached $95,000 on April 25 for the first time since Feb. 24.

21st Capital co-founder Sina mentioned that Bitcoin reclaimed the power-law price. The power law's predictive accuracy stems from Bitcoin's network growth following Metcalfe's Law, where value scales with the square of users.

Based on Sina’s Bitcoin Quantile Model, reclaiming the power-law price keeps BTC on track to hit a price target of $130,000 and $163,000 before the end of 2025.

As illustrated in the chart, Bitcoin is currently in the “Transition” range, where BTC accumulation occurs. Once it breaks into the “Acceleration” zone, the crypto asset enters the rally's 33% to 66% range, progressively targeting $106,000, $130,000, and $163,000 over the next few months.

However, anonymous Bitcoin analyst apsk32 predicted BTC’s price target could be as high as $200,000 in 2025. The prediction is based on "Bitcoin power curve time contours," which overlay Bitcoin’s price movements across four-year cycles (2013, 2017, 2021, and 2025). The chart suggests a strong performance in Q3 and Q4 of 2025, with the analyst noting that Bitcoin’s historical four-year cycle remains intact. The analyst said,

This analysis is interesting but ultimately depends on how one views the Bitcoin cycles and if they hold true in the long term.

Gold-Bitcoin lag may repeat Q4 rally

Since the beginning of 2024, Bitcoin and gold have posted new highs in the market, with each asset outperforming the other during specific periods.

As illustrated in the chart, Bitcoin and gold achieved new highs between March and August 2024. However, in Q3 2024, gold spearheaded the rally, surpassing Bitcoin's performance. By Q4, Bitcoin regained momentum, outpacing the precious metal and maintaining its lead until March 2025, when gold again took the lead.

Gold is still leading BTC but has dropped 6% since hitting new highs, while Bitcoin has gained 11%. Cointelegraph reported that BTC tends to follow gold’s directional bias with a lag of 100-150 days. Based on that narrative, it is possible that Bitcoin could lead gold in the coming week.Similarly, the US Dollar Index (DXY) dropped to a new three-year low on April 21, which further fueled the likelihood of a rally for risk assets.

Cointelegraph reported that multi-year DXY lows have been historically bullish for Bitcoin. Crypto analyst 'Venture Founder' also pointed out,

New 3-year lows on the dollar index today. Historically very bullish for Bitcoin.