Bitcoin predictions easily favor a six-figure BTC price by the start of 2025, but sell-side pressure keeps growing.
Bitcoin (BTC) can finish the year at $125,000 or more, prediction markets say, as bulls keep up pressure on six figures.
Data from betting platform Kalshi suggests an 85% chance of a $100,000 BTC price before the end of 2024.
Bitcoin may not have cracked the $100,000 mark yet, but consensus overwhelmingly says that it is a matter of “when,” not “if.”
Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.
Bitcoin’s (BTC) price has climbed 55% so far in 2024, including 12.50% gains in October. Its recent increases have been fueled by an overall improving risk-on sentiment led by better-than-expected Wall Street earnings.
BTC/USD daily price chart. Source: TradingView
Additionally, investors are increasingly pricing in potential Federal Reserve rate cuts in November, with pro-crypto Donald Trump’s rising odds of winning the 2024 presidential election furthering the optimism.
Bitcoin needs to avoid a trip below $48,000 to preserve the odds of a six-figure all-time high next year, according to BTC price analysis from Peter Brandt.
Bitcoin (BTC) is due to hit $135,000 within the next year — unless a 25% BTC price crash ruins its prospects, says a new prediction.
In an X update on Oct. 9, veteran trader Peter Brandt delivered his expectations for Bitcoin through 2025.
BTC price action may be consolidating below all-time highs for a seventh month, but that could be “insignificant” as the bulk of Bitcoin’s bull market gains lie ahead.
Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels.
Despite being a traditionally bearish period, Bitcoin’s (BTC) current month is about to be its best September ever, while signs of retail returning are starting to emerge.
Previously, the highest gain observed in September was a 6% rally back in 2016.
Bitcoin monthly returns(%) chart year over year. Source: CoinGlass
Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
Bitcoin's (BTC) volatility in the annual timeframe has dropped below that of top tech stocks, including Tesla, Meta, and Nvidia, signaling its growth toward becoming a more mature and stable asset class.
As of May 11, Bitcoin's 1-year realized volatility, which represents the standard deviation of returns from the mean return of a market, was at around 44.88%. In comparison, the annualized realized volatility of "magnificent seven" stocks such as Tesla, Meta, and Nvidia was over 50%.
Moreover, Bitcoin has shown relatively lower volatility compared to 33 of the roughly 500 companies in the S&P 500 index, noted Fidelity Investment in its latest report.
Bitcoin and altcoins are a sure-fire bet ahead of a "great pivot" by the Fed on interest rates in 2024, Hayes believes.
Bitcoin (BTC) and altcoins are a no-brainer bet in the current macro climate, Arthur Hayes says.
In a post on X (formerly Twitter) on Dec. 14, the former CEO of exchange BitMEX said that investors have “no excuse” to short crypto.
Going long crypto is the key to success as markets bet on the United States Federal Reserve lowering interest rates next year, Hayes argues.
Bitcoin supply shock tactics give way to ETF hype in Standard Chartered's new $100,000 BTC price prediction.
Bitcoin (BTC) may hit $100,000 in one year’s time thanks to “earlier than expected” exchange-traded funds (ETF) launching, says Standard Chartered.
In a research note issued on Nov. 28 quoted by sources including Business Insider, the banking giant doubled down on its bullish BTC price targets.
Bitcoin is in line to trade at six figures by the end of 2024, the latest forecast from Standard Chartered concludes.
Thanks to the United States potentially approving Bitcoin spot price ETFs, BTC/USD has the ability to almost treble from its current $37,700 over the coming twelve months.
“We now expect more price upside to materialize before the halving than we previously did, specifically via the earlier-than-expected introduction of US spot ETFs,” Geoff Kenrick, Standard Chartered’s head of EM FX Research, West and Crypto Research, wrote.
“This suggests a risk that the USD 100,000 level could be reached before end-2024.”
The figure continues the consumer banking giant’s already optimistic vision of how Bitcoin will grow in the coming years.
In July, research eyed declining availability of the BTC supply as reason to believe that much higher prices were in store. Specifically, Kenrick said at the time, $50,000 was on the cards for the end of this year.
He also suggested that miners would begin hoarding more of their own BTC stocks amid increasing hash rate and the upcoming block subsidy halving decreasing BTC earned per block by 50%.
“Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” he summarized.
The ETF narrative is firmly in the spotlight this month as derivatives premiums shoot higher and buzz around a potential approval in January heightens.
Related: Spot Bitcoin ETF: Why this time is different
BTC price trajectory has been sensitive to related news. Earlier in November, the market gained rapidly over anticipation of a possible approval coming from U.S. regulators before the January window.
At the same time, concerns linger over large-volume investors selling off once the greenlight appears — in what would constitute a “buy the rumor, sell the news” event, which could leave latecomers at a loss.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
If history repeats itself, Bitcoin will easily be able to deliver a six-figure BTC Price next cycle, the on-chain indicator says.
Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.
Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top.
As BTC price action circles its highest levels in 18 months, forecasters are already considering how high it could go in the coming months and even years.
After the next block subsidy halving in April 2024, targets include $130,000, with late 2025 a popular deadline for the next cycle top.
Analyzing Terminal Price, Look Into Bitcoin creator Philip Swift described its value as a “simple” method of estimating long-term BTC price peaks.
Terminal Price is calculated from Bitcoin’s so-called Transferred Price — a value derived by dividing Coin Days Destroyed (CDD) by the existing supply.
CDD is a popular metric which measures how many dormant days are reset each time an amount of BTC moves on-chain. It is useful as a gauge of hodler intent and activity.
Created by Checkmate, lead on-chain analyst at data firm Glassnode, Terminal Price comes into play at the top of each BTC price cycle.
Not every all-time high reaches Terminal Price, but BTC/USD did hit the trendline during its 2017 all-time and initial peak in April 2021. The current all-time high of $69,000, seen in November that year, fell short.
Swift thus suggested that selling “near” Terminal Price would be a suitable policy. Its bear market counterpart, Balanced Price, likewise signals useful market bottoms.
Buy near Balanced Price, sell near Terminal Price.
— Philip Swift (@PositiveCrypto) November 10, 2023
Could it be that simple?#bitcoin cycles. pic.twitter.com/llHytNVuxr
As Terminal Price increases with time, $110,000 may ultimately end up a conservative target should the next all-time high occur only in later in the next cycle.
In further analysis this week, Swift also highlighted the Pi Cycle Top indicator as providing reliable long-term high estimates.
Related: CME tops Bitcoin futures OI as ‘real facts’ drive institutional uptake
Pi uses two moving averages for its forecasts, with their crossovers heralding the next high — albeit with the just days’ notice.
“The Pi Cycle Top indicator caught so many off-guard last cycle, including myself, by perfectly identifying the top...again! Will it identify the bitcoin top again this cycle?” Swift queried.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin is due to hit $45,000 by the end of 2023, with post-halving BTC price targets reaching a giant $250,000.
Bitcoin (BTC) continues to circle its highest levels in 18 months and bullish BTC price predictions are flowing in — how high can the bull market go and how fast?
From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, with November traditionally one of its most volatile months.
The mood among crypto traders and analysts has improved over the past month after “Uptober” delivered nearly 30% BTC price gains.
Cointelegraph takes a look at five of the most popular targets for 2024 and beyond. Stock-to-Flow may not have come true — at least for now — but $250,000 is still on the radar.
A lot can happen in Bitcoin within a short space of time, and with 2024 less than two months away, there is plenty of time for fresh BTC price volatility to take hold.
Before the yearly candle close, some say, BTC/USD will be higher than at present — to the tune of another 30%.
That prediction came from Matrixport, the cryptocurrency trading firm founded by Jihan Wu, himself co-founder of Bitcoin mining giant Bitmain.
Related: 4 signs Bitcoin is starting its next bull run
In a blog post in late October, Matrixport doubled down on a $45,000 year end price target which it originally revealed in January. It was based on a handful of in-house models, with Matrixport also successfully predicting Bitcoin’s October gains.
“Bitcoin is breaking above the July $31,500 resistance level, showing that $45,000 is achievable by year-end,” it summarized.
BTC/USD currently trades at around $34,500, per data from Cointelegraph Markets Pro and TradingView, meaning that the end-of-year level requires another 30% push.
For many, the halving is a watershed moment in every Bitcoin price cycle — but one well-known commentator believes that new all-time highs will come even before then.
In September, BitQuant stated that BTC/USD would surpass its current $69,000 peak before April 2024.
He told X subscribers:
“No, Bitcoin is not going to top before the halving. Yes, it's going to reach a new all-time high before the halving. No, BTC is not going to $160K because the magnitude of every pullback is large. This means it will peak after the halving, in 2024. And yes, the target price is around $250K.”
Both the all-time high and the post-halving $250,000 target came courtesy of Elliott Wave charting, with Bitcoin mimicking behavior from previous cycles.
BitQuant did, however, make room for a total of four “pullbacks” on the way to the quarter million mark.
“There will be one pullback before breaking to a new all-time high, followed by another pullback around $125K. Additionally, there will be two more pullbacks after the halving, which are not demonstrated here,” he added in X interactions.
Bitcoin all-time high predictions are not only coming from individual market participants — BTC price models are also flipping bullish.
Last month, Cointelegraph reported on a range of forecasting tools which are all focusing on an area around $130,000 per bitcoin.
These come from popular analyst CryptoCon, who nonetheless believes that a six-figure BTC price may take two years to become reality.
“I am prepared for lower prices, but the stars are aligning at 130k for Bitcoin this cycle!” he wrote in an X thread on the model data.
The concept also hinges around halving events, and the next peak should come around four years after the $69,000 move in November 2021.
It is no secret that some believe that a $1 million BTC price tag is only a matter of time.
Related: New BTC price breakouts see Bitcoin traders confirm targets up to $48K
This year, Cathy Wood, founder, CEO and CIO of asset management firm ARK Invest, has joined former BitMEX CEO Arthur Hayes in doubling down on seven-figure Bitcoin.
When this could happen is — understandably — up for debate, but changing macroeconomic tides have emboldened what remains a daring BTC price prediction.
In October, Hayes maintained that the path to $1 million per bitcoin was "in full effect" thanks to macro reality.
"If people lose faith in the bond market and this fiat artificial construction that we've created over the past 80 to 100 years — this global economy and how it's been structured — if we lose confidence in that, then the amount of money that's going to be looking for an alternative is going to be something that we've never seen before," he said in an interview with Blockworks' "On The Margin" podcast on Nov. 1.
For her part, Wood said in an interview with Bloomberg on Nov. 3 that she would "hands down" choose Bitcoin over gold as an inflation hedge.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin has "plenty of fuel" to get it to $40,000, analysis argues, as BTC price stares down the weekly and monthly candle close.
Bitcoin (BTC) surfed $34,000 at the Oct. 27 Wall Street open as attention turned to BTC price performance against macro assets.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding steady, preserving its early-week gains.
The largest cryptocurrency avoided significant volatility as the weekly and monthly closes — a key moment for the October uptrend — drew ever nearer.
“I think Bitcoin will hang around this range for some time,” popular trader Daan Crypto Trades told X subscribers in one of several posts on the day.
“Roughly $33-35K is what I'm looking at as a range. Eyes on potential sweeps of any of these levels for a quick trade.”
Daan nonetheless noted that open interest (OI) had recovered near levels last seen before the sudden uptick, which sent Bitcoin to 17-month highs. As Cointelegraph reported, open interest highs had formed a feature of BTC price “squeezes” during prior weeks.
#Bitcoin Open Interest on Bybit has almost recovered to the level before the massive short squeeze this week.
— Daan Crypto Trades (@DaanCrypto) October 27, 2023
During that squeeze, we saw a 21% decrease in Open Interest on Bybit which was worth ~$450M pic.twitter.com/YbCM6XWZHW
Elsewhere, on-chain monitoring resource Material Indicators flagged a downside signal on one of its proprietary trading instruments.
With two such daily signals in place, Material Indicators said that only a move to $38,850 would “invalidate” the bearish implication.
“That doesn’t mean we can’t go there before the Monthly candle close,” part of X commentary reasoned.
Trend Precognition continues to show the way.
— Material Indicators (@MI_Algos) October 27, 2023
For me, a move above $34,850 invalidates on the D chart. That doesn’t mean we can’t go there before the Monthly candle close.
If you want to get these #TradingSignals when they are actionable, subscribe.
Get the tools. Gain the… pic.twitter.com/bpOomEv5Tq
More optimistic perspectives came from macroeconomic comparisons.
Related: Bitcoin restarting 2023 uptrend after 26% Uptober BTC price gains — Research
Popular social media trader Kaleo noted that Bitcoin had outperformed the S&P 500 considerably since September, with the odds of continued BTC price upside still good as a result.
“Over the course of the past month, we've finally seen ‘the bullish decoupling’ for BTC from equities that everyone was waiting for,” he wrote in part of the day’s commentary.
“While BTC is up only 36% vs USD from the September lows, BTC is up 48% vs. SPX.”
An accompanying chart showed BTC/USD versus the S&P500, with key recent events in Bitcoin’s history marked. Kaleo argued that there was “plenty of fuel left in the tank for a move higher to $40K.”
Others focused on the significance of recent resistance levels being within days of flipping to weekly and monthly support.
“Not sure how anyone could look at this Bitcoin chart objectively and conclude that breaking through $32k is no big deal,” crypto and macro analyst Matthew Hyland argued.
Hyland suggested that bears had few options left open.
“The last line of hope for them is the weekly & monthly closing below,” he concluded.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
