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topicnews · September 27, 2024

Bitcoin forecast 2025: Rapid upward trend – 6-digit price target for the course!

Bitcoin forecast 2025: Rapid upward trend – 6-digit price target for the course!

Rising crypto prices lift spirits (Photo: Freepik, Image designer750)

The time has come: Bitcoin (BTC) has broken its month-long downward trend and is preparing for an attack on its all-time high. Forecast: How high can the crypto reserve currency rise, what is possible in the short term and in 2025?

Forecast: Bitcoin price in a bull run?

The worm was in there for weeks, now the trend reversal is becoming apparent: Bitcoin (BTC) was able to break through the $65,000 mark within the last 24 hours, pumping it from $63,700 to $65,950. And there doesn’t seem to be an end in sight yet. The increase of 3.58 percent since yesterday puts Bitcoin in an optimal starting position: For the first time in half a year, the number 1 cryptocurrency has generated a higher high – and thus shot the bear across the bow. Saying: According to technical analysis, Bitcoin is now optimally positioned to attempt another attack on the all-time high. That’s $73,750, just 12.3 percent away.

The bullish momentum is also spreading to altcoins, with many gaining in the double-digit percentage range. Current top performers: Wormhole (W, up 21.37 percent), Pepe Coin (PEPE, up 17.22 percent) and ORDI (ORDI, up 15.67 percent, data from coinmarketcap.com). Overall, global crypto – Market capitalization increased by 2.82 percent within the last 24 hours. This puts it at $2.31 billion.

The rising crypto prices are also lifting the mood among investors, as the “Crypto Fear & Greed Index” shows. The popular mood barometer currently stands at “greed” – a sharper change after the “fear” that dominated last month. This is also reflected in the capital that is now flowing into the Bitcoin ETFs. “Yesterday’s Bitcoin ETF flows were impressively positive at $365.7 million,” comments the popular pseudonym industry observer “Whale Panda” on X. But: Are the bears really already giving up? And yes, falls: How high can Bitcoin rise in the 2025 bull run?

Bitcoin: BTC could still correct now

Commodities trader and crypto VIP Peter Brandt warn in a forecast: According to his analysis, Bitcoin must first rise “significantly” above $70,162 in order to clearly leave the downward trend behind. The price forecast still sees room for setbacks in the short term. In the longer term, however, Bitcoin bulls are preparing for a spectacular rally. This is what “Dave the wave”, one of the most popular technical chartists in the industry, believed. He sees Bitcoin within the next year increase by a whopping 203.26 percent, comments succinctly: “BTC technical price target of $200,000 by the end of 2025”. It doesn’t sound wild at first, but: This is a conservative-cautious forecast. The chart guru admits: Bitcoin could also complete a parabolic movement – and then reach the price target more quickly.

Bitcoin – rejected and billions of dollars lost

Long-established Bitcoin investors know: The crypto reserve currency doesn’t help you get rich overnight – it shines as a long-term investment. A real estate seller from the USA had to find out the hard way that it can be worth holding on to Bitcoin for a few years. The man wanted to sell a two-bedroom apartment for $14 million in 2015 – and then received an offer in Bitcoin. The interested party wanted to pay 50,000 BTC for the apartment – the equivalent of $13 million at the time and therefore a good deal below the asking price. “At the end of the day you have to look at the gross value,” ponders the provider, still skeptical – and then gave up. Higher value of the coins: 3.3 billion dollars.

Disclaimer:
The author and/or associated persons or companies own cryptocoins, including Bitcoins. This article represents an expression of opinion and not investment advice.