Bitcoin Price Rally: What’s Driving the $100,000 Milestone?
Bitcoin Price– Bitcoin has officially surpassed the $100,000 mark, hitting a new record high of approximately $103,640 on December 5, just a day after President-elect Donald Trump nominated pro-crypto advocate Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). This price surge marks a significant milestone for the leading cryptocurrency and comes amid a broader rally, with Bitcoin’s price increasing by nearly 5% on the day.
Bitcoin’s 50% Return Since Trump’s Re-election
Since Trump’s re-election as president, Bitcoin has delivered impressive returns, climbing by more than 50%. This rapid price growth has led many market analysts to believe that the cryptocurrency could continue its bullish trajectory. But what are the next targets for Bitcoin, and how high could it go in the near future?
$146,000 Bitcoin Price Target — Ki Young Ju’s Prediction
Ki Young Ju, CEO of CryptoQuant, attributes Bitcoin’s recent price surge to “fresh capital” entering the market. He specifically highlights Bitcoin’s realized cap—a measure of the total value of all coins based on their last movement—as a key factor driving the price increase. According to Ju, this influx of capital could propel Bitcoin’s price to $146,000, or even as high as $150,000–$154,000 in the short to medium term.
Ju explains that Bitcoin has consistently broken past Fibonacci extension levels in previous cycles, with the next major target being the 2.618 level, around $154,250. As of December 5, Bitcoin had already surpassed the 1.618 Fibonacci extension at $101,562, signaling that the next price target could be well above $150,000.
Bitcoin to Reach $200,000 by Late 2025 — Bernstein Analysts
Analysts at Bernstein are even more bullish, projecting that Bitcoin could reach $200,000 by the end of 2025. They attribute this price prediction to a combination of regulatory clarity, growing institutional adoption, and Bitcoin’s increasing status as a commodity. According to Bernstein, the recent nomination of Paul Atkins as SEC chair under President-elect Trump could mark the end of the “regulation by enforcement” era, opening the door for U.S. blockchain innovation and broader digital asset acceptance.
Bernstein highlights the growing institutional interest in Bitcoin, noting that major firms like BlackRock are now managing $50 billion in Bitcoin ETFs, while MicroStrategy holds over $40 billion in BTC. The analysts believe Bitcoin will eventually replace gold as the primary “store of value” asset, with increasing integration into institutional portfolios and corporate treasuries.
Bitcoin Could Hit $250,000 by 2025 — Tom Lee’s Bold Prediction
Tom Lee, co-founder of Fundstrat Global Advisors, is even more optimistic, forecasting that Bitcoin could reach $250,000 by 2025. Lee cites Bitcoin’s price cycles, particularly those related to block subsidy halvings, as the driving force behind the price increase. He believes the “sweet spot” for Bitcoin’s price begins to take effect as supply cuts occur toward the end of 2023 and into 2024.
Lee has previously noted that $150,000 is achievable in 2024 if Bitcoin replicates its 2023 price action. He calls the $250,000 target within 12 months “highly probable” based on historical price cycles and market trends.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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