Despite recent volatility in Bitcoin prices, some analysts remain optimistic about its future performance.
The price of Bitcoin once fell to a low of around $63,400, a level last seen about a month ago.
Since June 7, BTC prices have fallen by about 11%, with other altcoins falling even more. But this has not stopped some analysts from continuing to be bullish, including analyst CrediBULL Crypto.
Bitcoin price still has a chance of reaching $100,000
CrediBULL Crypto, a well-known cryptocurrency analyst with 400,000 followers on social media X, shared his optimistic view on the price of Bitcoin.
CrediBULL pointed out that Bitcoin rose from $38,000 to $73,000 in 1.5 months, which means that the price of Bitcoin rose by $35,000 in about 50 days. He believes that the next price impulse may be more aggressive, predicting that the price of Bitcoin may reach $100,000 in 30 days, and there are still about 6 months from the end of the year.
That is to say, to achieve a rise from the current level to $100,000, the price of Bitcoin needs to rise by a significant 56.25%. At the same time, CrediBULL is not the only analytical volume holding a bullish tendency. Well-known analytical company Bernstein Research has also updated its long-term price expectations.
Bernstein predicts Bitcoin will reach $200,000 by 2025
CrediBULL is not the only analyst with a bullish bias. Analysts at well-known analytics firm Bernstein Research recently updated their long-term price prediction, predicting that Bitcoin will reach $200,000 by the end of 2025, compared to their previous prediction of $150,000 in the same period.
The analysts also noted that spot Bitcoin exchange-traded funds could account for around 7% of the total circulating supply by 2025, which could be the high point of the current cycle.
They further predict that by 2033, the price of Bitcoin could rise to $1 million, by which time the ETF could already hold 15% of the cryptocurrency’s circulating supply at that time.
To sum up, although the Bitcoin market is currently facing some challenges, analysts remain positive about its long-term value and potential, and expect significant price growth over the next few years. #比特币 #价格预测 #分析师观点
Conclusion
Positive forecasts from analysts provide confidence to Bitcoin investors looking ahead to its long-term potential for appreciation. Although short-term volatility is inevitable, Bitcoin’s fundamentals and market sentiment point to a promising future.
As the technology evolves and the market matures, Bitcoin is poised to achieve significant long-term growth and become an important part of the financial sector. At the same time, investors should maintain a long-term perspective and rationally evaluate risks and opportunities when facing market fluctuations.
