In the wake of Bitcoin's recent price drop to around $63,400, analysts remain optimistic about the cryptocurrency's future. CrediBULL Crypto, a renowned crypto analyst, suggests that Bitcoin's price could surge to $100K within the next 30 days. This prediction implies a significant 56.25% increase from its current price.
In addition to CrediBULL's bullish outlook, Bernstein Research, a prominent analytics firm, has revised its long-term price forecast for Bitcoin to $200K by 2025, up from a previous prediction of $150K. The firm also anticipates that Bitcoin exchange-traded funds could account for about 7% of the total circulating supply by 2025.
Despite the recent market downturn, these bullish predictions underscore the enduring potential of Bitcoin and the broader cryptocurrency market.