Bitcoin surpassed $100,000 in 2024 and has hit several highs, including $73,000 when Bitcoin ETFs were approved in January.
Van de Poppe attributed Bitcoin's expected rise to macroeconomic variables including an increase in the global money supply and economic problems in the United States.
A deteriorating labor market and recession in 2025 are expected to accelerate the growth of the US money supply and Bitcoin.
But reaching $150,000 will not be easy. The expert predicts a 30% market decline in the first quarter of 2025 before Bitcoin stabilizes around $150,000 and grows until 2026.
Wider Industry Predictions: $200,000 or $500,000 Bitcoin?
Van de Poppe’s prognosis is optimistic, while other experts and institutions have higher goals. Bitwise expects Bitcoin to reach $200,000 by 2025.
Market analysts say the US embrace of Senator Cynthia Lummis's strategic Bitcoin reserve plan could push Bitcoin to a staggering $500,000.
Despite the bullish sentiment for Bitcoin, Bitcoin ETF activity has been limited. On December 30, PharCed reported $415.1 million in outflows, led by Fidelity with $154.6 million and Grayscale with $134.5 million.
The leading participant is BlackRock's IBIT, which has $52.4 billion in Bitcoin.
Bitcoin technical analysis instant outlook
Bitcoin is trading at $94,171.15, down 1.25% in 24 hours, with a volume of $28.57 billion. A descending triangle formation on the 4-hour chart is indicating a gloomy mood with resistance building around $95,000. Selling pressure is increasing at $94,870, which is the 50-day moving average.
A double bottom pattern is providing a short-term hold at $92,000. Bitcoin could drop to $89,613 and $87,314 below this level. A break above $95,000 could lead to resistance at $98,322 and $100,234.
The RSI reading of 49 indicates neutral momentum, allowing for significant trend changes. Traders are watching volume to see if Bitcoin will break $95,000 or dip below $92,000.