Bitcoin Price Predicted to Reach $500K to $1M This Cycle

The market is witnessing a potential rally in Bitcoin, with industry leaders suggesting that its price may significantly increase. Adam Back, CEO of Blockstream, predicts that Bitcoin reaching $100,000 is still an undervaluation, citing previous macroeconomic disruptions that suppressed its potential.

Back argues that Bitcoin’s last peak at $73,000 was influenced by external factors and not the true cycle top.
He foresees a future peak between $500,000 to $1 million, driven by institutional adoption, scarcity, and global economic changes.

Technical Analysis and Predictions

Market analyst IncomeSharks projects Bitcoin could hit $120,000 by the end of the week, based on strong technical patterns and recovery from recent dips.
Currently trading above $117,000, a test of resistance near $124,000 is anticipated if momentum continues.

Bitcoin

Additionally, Ash Crypto highlights that Bitcoin is having its strongest September in over a decade, traditionally a bearish month. If this trend holds, the final quarter of 2025 might initiate a major bull run.