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Home»Altcoins»How high can the Bitcoin price rise by the end of the year?
Altcoins

How high can the Bitcoin price rise by the end of the year?

2024-11-23No Comments2 Mins Read
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The crypto market is back on form and Bitcoin is showing signs of a bigger breakout, as expected by the end of the year. Altcoin Daily’s latest video Bitcoin’s explosive momentum is being broken, which could push its price to $250,000 by the end of 2025.

Starting with the fact that Bitcoin is hovering around $100,000, the analyst highlights this as a psychological milestone and a potential launching pad for further gains. Bitcoin forecasts suggest that BTC will reach $125,000 by Christmas, indicating a surge in investor interest and new adoptions before the end of the year.

Is Santa Claus on his way? Let’s get to the facts!

Trump’s Bitcoin Push Boosts Optimism

One of the main drivers of this rally is former President Trump’s pro-crypto stance. Trump has proposed creating a strategic Bitcoin reserve, modeled after the Strategic Petroleum Reserve, using the government’s existing 200,000+ Bitcoins from asset forfeitures. Furthermore, plans to replace SEC Chairman Gary Gensler with a crypto-friendly leader and implement a crypto policy in the White House indicate a major policy change.

Van Eck also attributes Bitcoin’s (BTC) epic rally to Trump’s crypto-friendly atmosphere, which sparked a wave of market optimism. With institutional interest increasing, analysts are eyeing a huge boost, predicting that BTC could reach $180,000 in just 18 months.

What’s Fueling Bitcoin’s Parabolic Rally?

Bitcoin’s historic Parabolic Rally is still in its early stages. However, the trends suggest that months of bullish momentum lie ahead, with investors eagerly awaiting the $100,000 mark. If Bitcoin sustains above $93,500, a breakout beyond $100,000 could be imminent, signaling the next phase of its rally. Meanwhile, Bitcoin ETFs create consistent buying pressure from retail investors, and shrinking supply on exchanges further limits availability.

See also  Vitalik Buterin responds to Charles Hoskinson's Ethereum criticism with Layer-Zero update

Charles Edwards highlights that Bitcoin enters a parabolic growth phase approximately every four years, with the next phase expected to begin once Bitcoin crosses the $100,000 mark.

A $250,000 Goal: Is It Realistic?

Medify CEO Frank’s bold prediction predicts that Bitcoin will rise to $250,000 by 2025 and possibly reach $500,000 by 2027, driven by increasing nation-state adoption, its role as a store of value, and increasing institutional interest. Frank emphasizes that every dip now is a golden buying opportunity, as the market’s trajectory appears decisively upward.

Although there are no immediate crash signals, it is advised to be cautious of market movements. Any BTC dip could be your ticket to profits over the next 18 months.

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