According to an analyst, Bitcoin's price could reach a cycle peak of $134,000 by the end of 2025. The forecast also points to a short-term target of $98,720. However, this projection is more conservative compared to many other optimistic predictions circulating in the crypto market.
Bitcoin Maintains Its Upward Momentum
Bitcoin's price remains steady around $88,000 after hitting a new all-time high (ATH) of $93,434.36. Over the past two weeks, Bitcoin surged from $73,000 to $93,000, raising expectations that it could soon break the $100,000 barrier and reach six-digit levels.
Optimistic Sentiment Drives the Market
Analysts widely agree that Bitcoin has the potential to achieve a six-figure ATH in the final quarter of this year. The most optimistic forecasts suggest values between $100,000 and $150,000, while some predict that Bitcoin could eventually hit $220,000, $320,000, or even $520,000 by the end of the bull cycle, expected in 2025.
According to the Crypto Fear & Greed Index, market sentiment is currently in the "Extreme Greed" zone, with a score of 80. This optimism has been fueled by the victory of pro-crypto candidate Donald Trump in the U.S. presidential election. Traders now find themselves in the so-called "golden pocket," indicating a favorable growth period.
What’s Next for Bitcoin?
The analyst predicts that Bitcoin's next key milestone is $98,720, marking its upcoming ATH. This value has become achievable after Bitcoin broke through the second "magic band" nine months ago. The analyst anticipates these bands will soon expand rapidly upward to reflect growing trading volumes.
The forecast suggests Bitcoin could reach its peak at $134,000 by the end of 2025, with a growth rate of up to $1,000 per week. This estimate is considered conservative within the crypto community but offers an interesting perspective, differing from many higher-end predictions.
End of the Bull Cycle in 2025?
The analyst concludes that the bull cycle may come to an end by late 2025. This opens the floor for further discussion on Bitcoin's future trajectory and potential in the coming years. This projection adds a unique viewpoint to the debate, contrasting with most overly bullish predictions.
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