Bitcoin (BTC) to $100K by 2025? Here Are 3 Reasons Traders Believe It’s PossibleSubscribe to our daily newsletter!
- The pattern of price increases post-Bitcoin halvings and bullish MACD indicators highlight the likelihood of Bitcoin reaching $100K by 2025.
- The growing trend of Bitcoin hodling by long-term investors, demonstrated by high ATS scores and recent purchases, indicates strong market confidence, supporting higher future prices.
According to a recent report by CNF on whether Bitcoin will reach $100K by 2025, Bitcoin’s recent price movement suggests a potential rise to a “six-figure value” per BTC, as a popular technical indicator, the MACD, signals a bullish trend. Despite a recent drop below $50,000, Bitcoin’s trajectory could lead to significant gains by year-end.
Analysts at the market intelligence firm Glassnode have noted an emerging “hodling preference” among long-term investors as the market slowly recovers from last week’s sell-off. Here are three reasons traders believe Bitcoin could achieve a “six-figure value”:
Historical data suggests Bitcoin often rises significantly after each halving.
Furthermore, the ecoinometrics points out that Bitcoin’s recent drop below its growth trajectory could signal a recovery, potentially reaching between $140,000 and $450,000. Rekt Capital’s analysis indicates a bullish trend reversal with Bitcoin’s recovery above $60,000, signaling the end of the downtrend. Strong buy-side volume is crucial to maintain this upward momentum.
Bullish signals from technical indicators, like the MACD, suggest potential price increases.
In a recent tweet, Exel Adler Jr. highlights that a bullish MACD signal could drive Bitcoin’s uptrend, similar to the scenario in July that saw a 30% price increase. If the MACD shows a bullish cross, Bitcoin may continue its recovery and reach new highs.
I'm not a big fan of MACD, but a bullish pattern is forming on the daily timeframe.
The good news is that many traders are noticing this. pic.twitter.com/KBER4jrfF1
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) August 13, 2024
Increased hodling by long-term investors indicates strong market confidence.
Glassnode reports that long-term Bitcoin investors are increasingly “hodling,” with the Accumulation Trend Score (ATS) hitting a new high. Long-term Holders (LTHs) have accumulated over 374,000 BTC in the past 90 days, indicating significant buying activity. In a statement, Glassnode analysts highlighted that,
After several months of relatively heavy distribution pressures, the behavior of Bitcoin holders appears to be rotating back towards HODLing and accumulation.
According to Coin Market Cap data from today, Bitcoin (BTC) has surged by 3.59% in the past day and 5.85% in the past week, reaching a price of $60,901.60. See BTC price chart below.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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