Bitcoin To Break $100K By 2025? Experts Weigh In On Potential New ATH
09 Septembre 2024 - 10:30PM
NEWSBTC
With its overall market valuation down about 30% from its March
2024 record of $2.89 trillion, the cryptocurrency market is
reaching a turning point. Investors are worried as the market cap
as of September 8, 2024, is $1.93 trillion. Nonetheless, a recent
BTC price forecast indicates that Bitcoin is anticipated to rise by
83.70% in the next three months, indicating possible comeback.
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Despite Faltering Market Although Bitcoin has lost a quarter from
its all-time high of $74,000, analysts like Alan Santana think a
major comeback is just around the corner. The latest forecast of
the BTC price by CoinCheckup, on the other hand, show that Bitcoin
will surge 80% in the next three months and hence may also reflect
its possible comeback. Now changing hands at $54,320, Bitcoin has
shed 25% off its peak of $74,000, but it is due for a sharp
rebound, Santana said. 🅱️When Will Bitcoin Hit $100,000? New ATH
& More (The Greatest Cryptocurrency Analysis On Earth!)
#Bitcoin Bitcoin is going to hit $100,000 in 2025… I am going to
breakdown how everything will develop in a few minutes. How are you
feeling in this beautiful Saturday/Sunday?…
pic.twitter.com/xNaZSBOfKx — Alan Santana (@lamatrades1111)
September 8, 2024 Santana thinks that Bitcoin could reach $100,000
by the year 2025. The ongoing correction does not deter the analyst
from being so optimistic in regards to the long-term outlook for
the top crypto. At the same time, he warns that this downtrend is
not over yet, and investors should expect some turbulence before
seeing a more sustained uptrend. Market Sentiment And Short-Term
Outlook Bitcoin is currently 44% below its estimated value for next
month, the latest forecast shows. However, a short-term uptrend is
seen in the next seven days. Over three months, Bitcoin is
predicted to shoot up by 83%, showing signs of recovery from its
poor performance lately. Santana believes that though the price
movement for Bitcoin will not be fast, it would stabilize the
market after surviving fluctuations and swings. Bitcoin will
advance relatively slowly across the remainder of 2024, and this
would give altcoins room to start to outperform BTC in the interim.
That said, altcoins might also supply larger returns for investors
looking beyond Bitcoin’s gradual recovery once the market enters
its accumulation phase late in the year. Other Coins To Surpass
Bitcoin? Although Bitcoin could still remain the top crypto, some
altcoins like Ethereum might shine in the not too distant future.
It does have an upside, though, if certain market conditions move
in its favor. This could open a window of opportunity for other
cryptocurrencies that may perform better than Bitcoin as investors
begin to diversify their portfolios. Related Reading: Ether
Liquidity Plummets 40% On Exchanges After ETF Debut Long-Term
Predictions: A Slow Climb To $100K Long term forecasts for Bitcoin
would show ongoing acceleration of growth. Forecasts call for a 91%
rise in six months, so early in March or April of 2025 Bitcoin
might get to $100,000. This, according to Santana, is not an
overnight jump but rather an upward trend due to improving market
conditions and institutional interest. A new all-time high by late
2025 most likely falls between $150,000 and $220,000 depending on
factors including inflation and market mood. Though the long-term
projections are favorable, Santana urges caution about near future
activity since volatility is still high and this current market
slump has not yet fully run its course. Featured image from Pexels,
chart from TradingView
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