Bitcoin Price Soars: Could $200,000 Be Possible by 2025?

Bitcoin Price Forecast: $100K by 2024, $200K by 2025

Bitcoin Price– Bitcoin (BTC) has surged to new heights, breaking through the $98,000 mark for the first time in its history. This surge follows reports that President-elect Donald Trump’s team is considering the creation of a dedicated White House position to oversee cryptocurrency policy. On November 21, 2024, Bitcoin’s price rose over 4.50%, reaching an all-time high of $98,367, according to Bitstamp data. As a result, the total cryptocurrency market capitalization grew by 3.65%, hitting $3.17 trillion. This optimism, driven by potential policy changes and crypto-friendly appointments, has fueled hopes that Bitcoin could hit the long-anticipated $100,000 target by the end of 2024. According to crypto betting platform Polymarket, 92% of bets are now in favor of Bitcoin reaching this six-figure milestone.

Bitcoin Price Could Reach $200,000 by 2025, Says Bernstein Research

Looking further ahead, analysts at Bernstein Research predict that Bitcoin could rise to $200,000 by the end of 2025. Their optimistic forecast is driven by increasing institutional demand, favorable regulatory shifts, and potential pro-crypto actions from the upcoming Trump administration. In particular, Bernstein points to proposed legislation introduced by Senator Cynthia Lummis, which advocates acquiring up to 5% of Bitcoin’s total supply over the next five years, a move that could result in over $100 billion worth of Bitcoin purchases. Additionally, Bitcoin exchange-traded funds (ETFs) have seen rising demand, and companies like MicroStrategy are aggressively acquiring Bitcoin, with plans to raise $42 billion for additional acquisitions.

Bitcoin’s 2025 Potential: $150,000 Peak or Market Correction?

While the future of Bitcoin remains bright, some analysts caution about the potential for a market correction. Based on the Logarithmic Regression Model and previous halving events, Bitcoin could reach a peak of $150,000 by 2025. This model has predicted sharp rallies in Bitcoin’s price after previous halvings: 8,000% in 2012, 2,900% in 2016, and 560% in 2020. If the same trend continues after the 2024 halving, a 300–400% rally could push Bitcoin’s price toward the $150,000 range.

However, there are concerns about a possible correction. The 2021 Bitcoin price chart shows a bearish divergence, with higher prices accompanied by declining Relative Strength Index (RSI). This pattern preceded a 77% drop in Bitcoin’s price in 2021, which suggests that the current bull run may peak around $100,000 before a significant pullback. If history repeats, Bitcoin could face a correction of over 40%, with a potential target of $60,000, which aligns with the 50-week exponential moving average (EMA) and a key trendline support.

In conclusion, while Bitcoin’s long-term outlook remains positive, market participants should be aware of the volatility and potential risks that come with these bullish cycles.