Bitcoin Could Reach $125,000 by End of Q2 According to Bybit
Bitcoin may rise to $125,000 by the end of Q2, according to Shunyet Jan from Bybit. This represents a potential increase of 16% from current levels around $108,000. The forecast relies on factors such as:
- Regulatory clarity, particularly from the GENIUS Act, which provides defined rules for stablecoins
- Increased institutional investment through spot Bitcoin ETFs
- A weakening US dollar, enhancing Bitcoin's appeal as a store of value
While Bitcoin shows promise, smaller altcoins could face challenges due to high interest rates and global uncertainty. Traders might need to be selective with their investments.
Other experts share bullish outlooks on Bitcoin. Scott Melker predicts a price of $250,000 by the end of 2025, while Adam Back suggests it could reach between $500,000 and $1 million in this cycle. Michael Saylor notes that recent price fluctuations are due to short-term holders exiting, with long-term investors entering via ETFs.
Investors should monitor ETF inflows and US Federal Reserve rate decisions, as these could significantly impact market dynamics. A move towards $125,000 would represent a crucial milestone for Bitcoin.