Bitcoin Price Could Reach $160,000 to $230,000 by 2025
The Bitcoin price may experience a significant breakout in the current market cycle, with predictions suggesting a peak above $150,000. This follows Bitcoin's recent All-Time High (ATH) of over $75,000 earlier this month.
Bitcoin Price Peak Set Above $150k
In 2024, Bitcoin has achieved three major all-time highs. In March, it surpassed $73,000, followed by a rally post the November US Presidential election that pushed prices above $75,000. Recently, Bitcoin reached a new ATH exceeding $77,000.
These ATHs were driven by various market factors: the March surge was linked to the demand for Spot Bitcoin ETFs, while the November highs were influenced by sentiments surrounding Donald Trump's re-election as President.
A crypto analyst known as Titan of Crypto has forecasted Bitcoin's second critical breakout, sharing a chart detailing price movements from 2013 to present. The analyst projects a market peak for BTC above $160,000.
The analyst suggests Bitcoin could rise between $160,000 and $230,000 by 2025, based on historical price patterns. Previous breakout phases in 2016-2018 and 2019-2021 resulted in price increases of $12,679 and $50,509, respectively.
This current breakout pattern indicates a target price above $160,000, representing a 109% increase from the current price of $76,559 and 107% from the existing ATH.
Analyst Says Bitcoin Price To Hit $100k By December
Another analyst, Trader Tardigrade, has also provided a bullish forecast for Bitcoin, indicating that BTC could align with previous year's bullish trends. The analyst predicts Bitcoin will reach $100,000 by early December 2024, with potential prices exceeding $180,000 by 2025.
Featured image from Forbes, chart from TradingView