Bitcoin Set to Reach $100K by 2025 with New All-Time High Predicted
Alan Santana unveiled his Bitcoin price prediction, expecting the asset to reach $100,000 by 2025. His analysis presents the market growth on the rise within the next few years, with specific market behaviors and trends influencing the way to this milestone.
The current market correction as pointed out by the analyst is not yet over. After it ends, a bullish trend is expected for Bitcoin but this wont be an instant rise. However, this is not the case; the market is likely to experience a series of higher higher highs and higher higher lows with fluctuations and swings. This correction should be expected to last until November after which the market will shift to a slow accumulation phase.
When the Bitcoin is in its slow-pace growth phase, altcoins are expected to give impressive results. As stated in the post some of these alternative cryptocurrencies may perform their best in the next several years while BTC stagnates. The growth of BTC would be rather slow until 2025 while the altcoins will take the center stage.
Bitcoin to Gain Momentum in 2025
Moving on to the future, the analyst believes that the Bitcoin would start to gain momentum in the first quarter of 2025. Hence after February, the cryptocurrency is expected to overcome the resistance level and gain more strength. The timing of Bitcoin reaching $100,000 is uncertain, but the rise is predicted to quicken by March or April of 2025.
As for the rest of 2024, Bitcoins appreciation should remain gradual and that will open up opportunities for the altcoins to outperform BTC. In the process of the cryptocurrency markets development towards 2025, a new all-time high for Bitcoin is expected, and the prices will rise to around $100,000.
By late 2025 a blow-off top could happen, similar to what occurred in 2017. The most it could go may be $190 000, though inflation and market frenzy may take it as high as $220 000. But if the situation becomes poor, the peak may be lower, which will be around $ 150,000. BTC is minor up 0.64% over the past day and sits arounnd $54,571 as of writing.
The analysis reveals the positive outlook for the growth of Bitcoin. It will gradually increase its value in the next two years and can even reach a new all-time high in 2025. Even though the path is uncertain, the long term trend is positive.
Read more: https://www.tronweekly.com/bitcoin-set-to-reach-100k-by-2025-with-new-all/
Text source: TronWeekly
