Bitcoin (BTC), the world’s largest cryptocurrency, has been on a rollercoaster ride this week. The king coin has seen several rallies followed by sharp declines. But the halving has changed the predictions and forecasts for this year. While some are sticking with $90,000, other ambitious investors are eyeing higher prices.
Bitcoin's recent performance and future forecasts
Following a sharp drop, Bitcoin has seen a slight recovery throughout the day. This week, the king coin is down more than 4%. At press time, the asset is trading at $57,115.08, up 3.21%. BTC surged from a low of $54,848 to a high of nearly $58,000.
Current price and all-time high price
Currently, BTC is 22% below its all-time high of $73,750. The asset still has a long way to go to reach the next level. According to calculations, Bitcoin needs to rise by 162.63% to reach $150,000.
When Will Bitcoin Hit $150,000?
Despite Bitcoin’s current slump, Brandt’s latest chart suggests that the king coin could still see another parabolic rise. The well-known trader believes Bitcoin will peak at around $150,000 by the end of 2025.
Other experts' predictions
Brandt is not alone in making such predictions. Earlier this year, Standard Chartered Bank announced that the price of BTC could surge to $150,000 by the end of this year. They also said that by next year, the asset will rise to $250,000.
Price Prediction 2025
According to Changelly, the price of Bitcoin will reach $100,000 by 2025. Based on a review of past Bitcoin prices, the minimum price of the cryptocurrency is expected to reach around $121,440.85 in 2025.
The price of Bitcoin could reach as high as $145,871.41. In 2025, the average trading price could be $124,947.50.
