#BTCOutlook

Bitcoin’s price has surged more than 140% in 2024, reaching the $100K milestone.

The rally was driven by the launch of Bitcoin Spot ETFs and the reduced supply following the fourth halving event in 2024.

The US presidential election victory of crypto-friendly candidate Donald Trump has further bolstered market sentiment for 2025.

Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025.

Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.

The beginning of the interest-rate cutting cycle by the US Federal Reserve (Fed) in September, followed by the victory of crypto-friendly candidate Donald Trump in the US presidential election in November, added further momentum. Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025.

Bitcoin in 2024: The year of the landmark $100K

Bitcoin price grew over 140% in 2024, reaching a new all-time high (ATH) of $108,353 in mid-December. This remarkable increase above the $100K threshold and surpassing a $2 trillion market capitalization was significant for Bitcoin and the entire crypto markets.