Bitcoin to Reach $150K by 2025, Up 60%
Bitcoin topped $100,000 in 2024 and reached numerous highs, including $73,000 when spot Bitcoin ETFs were approved in January.
Van de Poppe attributed Bitcoin's predicted rise to macroeconomic variables including global money supply increase and U.S. economic issues.
He expects a worsening labor market and a 2025 recession to accelerate U.S. money supply growth and Bitcoin.
But getting there $150,000 won't be easy. The expert expects a 30% market downturn in Q1 2025 before Bitcoin stabilizes around $150,000 and grows until 2026.
Broader Industry Forecasts: $200K or $500K BTC?
Van de Poppe's prognosis is optimistic, while other experts and institutions have higher goals. Bitwise predicts Bitcoin will hit $200,000 by 2025.
Market analysts say the U.S. embracing Senator Cynthia Lummis' strategic Bitcoin reserve plan may propel BTC to an incredible $500,000
Despite Bitcoin's positive trend, spot Bitcoin ETF activity has been low. On December 30, Farside Investors reported $415.1 million in outflows, led by Fidelity's FBTC at $154.6 million and Grayscale's GBTC at $134.5 million.
The leading participant is BlackRock's IBIT, which has $52.4 billion in Bitcoin.
Technical Analysis of Bitcoin Immediate Outlook
Bitcoin is trading at $94,171.15, down 1.25% in 24 hours, with $28.57 billion in volume. A falling triangle formation on the 4-hour chart indicates gloomy mood with resistance consolidating around $95,000. Selling pressure increases at $94,870, the 50-day EMA.
A double-bottom pattern provides brief stability at $92,000. BTC might fall to $89,613 and $87,314 below this level. Surpassing $95,000 might lead to resistance at $98,322 and $100,234.
An RSI of 49 implies neutral momentum, allowing for major direction changes. Traders are watching volume to see whether Bitcoin will break $95,000 or drop below $92,000.
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