Bitcoin News

Story: Bitcoin Rainbow Chart Hints at $200K Target as Bull Cycle Gains Momentum

By Julie Binoche

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Bitcoin is once again making headlines as technical indicators paint a bullish outlook for the rest of 2025.

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Bitcoin recently tested the $109,600 resistance level but failed to break through, pulling back by 1.4% within 16 hours.

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Global monetary policy is also playing a key role in shaping long-term expectations for Bitcoin.

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Adding to the bullish outlook is the timing of the most recent Bitcoin halving, which took place in April 2024.

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To get a clearer picture of where Bitcoin could be heading, traders have turned to the Rainbow Chart’s Halving Price Regression (HPR) model.

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According to the HPR model, Bitcoin is still in a “buy” zone. If this cycle plays out in a similar way to previous ones, the peak could occur around November 2025.

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One such indicator is the Pi Cycle Top, another well-known tool among crypto analysts. The model works by tracking two key moving averages—the 111-day and 350-day simple moving…

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Currently, the 350-day SMA multiplied by two sits at $172,000, while the 111-day SMA is at $97,700.

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If both the Rainbow Chart and the Pi Cycle Top Indicator prove to be accurate once more, Bitcoin could see prices exceeding $200,000 before the end of next year.

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Still, while technical indicators provide a framework for expectations, they are not guarantees.

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Nevertheless, the current combination of technical signals and macroeconomic drivers has created a favorable backdrop for a potential rally.

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For those watching closely, the next several months could determine whether Bitcoin enters the final acceleration phase of this cycle.

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