Can you imagine? The price of Bitcoin could reach $250,000, and this is not just baseless speculation; there are three signs that are gradually emerging.

In 2024, Bitcoin's performance has been remarkable, with its price rising by 55%, including a 12.50% increase in October alone. Behind this surge is an improvement in risk sentiment driven by Wall Street's better-than-expected earnings, investor expectations for a Federal Reserve rate cut in November, and optimism about Trump potentially winning the 2024 presidential election. Bitcoin seems to be entering its golden period. However, the bull market for Bitcoin is not solely supported by these macroeconomic factors. From technical analysis and on-chain indicators, Bitcoin also shows strong upward momentum.

🔍 First, let's take a look at Bitcoin's logarithmic chart. Market analyst Coosh Alemzadeh has found that the bullish phases in Bitcoin's history tend to follow a similar pattern: the price first consolidates and then suddenly surges. Now, Bitcoin appears to be repeating this pattern, preparing for a new bull market.

Additionally, market analyst Ted Pillows has pointed out the breakout of Bitcoin's consolidation channel and believes that Bitcoin's "parabolic phase" has begun, which means the price of Bitcoin could skyrocket like a rocket.

So, how high could Bitcoin's future price go? Alemzadeh predicts that Bitcoin could break $100,000 by 2025, with a long-term target of reaching $250,000. Although this prediction may sound a bit bold, even well-known figures in the crypto space are using mlion.ai to forecast prices, and they also believe that the $250,000 target is achievable. mlion.ai utilizes advanced AI algorithms to accurately analyze cryptocurrency trends, helping you seize market opportunities. If you want to succeed in the crypto space, you might consider trying mlion.ai.