Bitcoin whales, and increase in speculative appetite and other macroeconomic factors are playing a role in keeping BTC price above $90,000.
Bitcoin's recent price woes near $92,000 are short-term, and one analyst says traders should ignore the market noise.
Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.
In a newly released investor note, one of the oldest US investment banks H.C. Wainwright & Co. —established in 1868—is projecting substantial upswing for the Bitcoin price. According to the note, the institution has revised its previous Bitcoin price target for the end of 2025 from $145,000 to $225,000, underpinned by a confluence of historical trends, macroeconomic indicators, and emerging regulatory and institutional factors. “We estimate BTC will reach a cycle high of $225,000 by YE2025,” stated the firm, referencing both market cycles and the potential for a more supportive digital-asset regulatory landscape in the United States in 2025 under a new administration. Why Bitcoin Could $225,000 By Year End H.C. Wainwright’s analysis highlights several pivotal forces propelling Bitcoin’s growth trajectory. One significant catalyst is the wider availability of spot Bitcoin exchange-traded funds (ETFs) in the US, a development that could unlock new waves of institutional capital. The firm also cites “accelerating institutional investor and corporate adoption” as a major contributor to its bullish outlook. Related Reading: Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In? On top of that, the investment bank’s models assume an overall market backdrop that improves in tandem with global liquidity and that any regulatory overhang will abate. H.C. Wainwright is careful to note that the forecast is sensitive to macroeconomic conditions, particularly measured by M2 money supply, which has trended downward since October. Though projecting a lofty six-figure price by 2025, H.C. Wainwright acknowledged that Bitcoin’s path toward $225,000 is unlikely to be a smooth ride. In the report, the bank cautioned: “~20-30% drawdowns during bull markets are not uncommon […] We estimate BTC could retrace back down to the mid-$70,000 range in early 1Q25 before resuming its uptrend.” They attribute these possible pullbacks to Bitcoin’s historical volatility and its correlation with global liquidity trends. Related Reading: 2025 Bitcoin Predictions: Top Fund Manager Shares His Outlook If Bitcoin reaches $225,000 per coin, H.C. Wainwright projects a total Bitcoin market capitalization of approximately $4.5 trillion—around 25% of gold’s current $18 trillion market cap. This scenario translates to a 113% increase over current levels. However, the note adds a striking scenario that is not yet factored into its core forecast: “Our new 2025 price target does not factor in the potential for the US government to officially adopt BTC as a treasury reserve asset at the federal level next year. If implemented, we believe it is plausible that BTC could significantly exceed our base case price target.” The institution’s analysis also extends to the broader crypto market. Historically, Bitcoin’s dominance (its share of total crypto market cap) tends to fall during market peaks, and it dipped into the low 40% range near the last bull cycle peak in November 2021. Looking forward, H.C. Wainwright expects Bitcoin’s dominance to decline to 45% by the end of 2025, down from around 56% currently. Under that assumption, the firm sees the total crypto market swelling from $3.6 trillion today to approximately $10 trillion by year’s end 2025. H.C. Wainwright’s coverage universe of publicly traded Bitcoin mining companies stands to benefit from the anticipated price surge. “If our predictions are correct, there is the potential for significant upward estimate revisions for our coverage universe over the course of next year.” At press time, BTC traded at $96,221. Featured image created with DALL.E, chart from TradingView.com
Bitcoin has continued to see declining performance in recent days with on-chain metrics offering valuable insights into market behavior. Among these metrics, the Spent Output Profit Ratio (SOPR) for long-term holders has particularly emerged as a critical tool for assessing investor sentiment and market resilience. Long-term holders, defined as investors holding Bitcoin for over 155 days, are often viewed as a stabilizing force in the market. Their selling patterns can significantly influence price trends, making SOPR an indicator worth watching. Related Reading: Bitcoin Market Leverage and Coinbase Premium: What Recent Data Reveals Long-Term Holder Trends And Market Sentiment Recent analysis from a CryptoQuant analyst known as Cryptoavails highlights that Bitcoin’s long-term holder SOPR metric continues to exhibit notable patterns as Bitcoin’s price trends upward. Historically, SOPR values above 1 indicate that long-term holders are selling at a profit, while values below 1 suggest they are offloading their holdings at a loss. This behavior reflects broader market confidence or capitulation during periods of price decline. Currently, the SOPR metric remains consistently above 1, signaling that long-term holders are selling profitably without adding significant downward pressure on Bitcoin’s price. The analysis from Cryptoavails tracks key phases in the Bitcoin market over the past two years, highlighting significant shifts in SOPR values. For instance, in early 2022, the SOPR metric showed high volatility with frequent spikes, suggesting intense profit-taking activity by long-term holders. Amid these sales, Bitcoin’s price experienced a downward trend, reflecting persistent selling pressure during that period. This trend gradually shifted in late 2022 and early 2023 when the SOPR metric mostly remained below 1, indicating that long-term holders were selling at a loss as the market sought to find stability. By mid-2023, the SOPR began trending upwards, signaling renewed confidence among long-term investors. The metric consistently moved closer to or above the critical level of 1, suggesting that long-term holders were once again selling at a profit while market confidence began to recover. This upward trend has remained intact into 2024, supported by Bitcoin’s rising price levels. Importantly, there have been no significant sell-offs by long-term holders, reinforcing the broader market’s stability, according to the crypto analyst. SOPR As A Forward Indicator For Market Growth Overall, Cryptoavails mentioned that the current state of Bitcoin’s SOPR suggests a healthy market dynamic, with long-term holders contributing to a stable price structure. Despite periodic corrections, the sustained presence of SOPR above 1 indicates that selling pressure remains controlled. Related Reading: What’s The Worst Case Scenario For Bitcoin Right Now? Analyst Explains The analyst also pointed out that this behavior reflects market maturity, where long-term investors are not rushing to offload their holdings despite Bitcoin’s price appreciation. Regardless, Bitcoin has continued to consistently decrease in price since its sharp drop below $100,000 last week. At the time of writing, Bitcoin trades at a price of $93,991 down by 1.6% in the past 24 hours. Featured image created with DALL-E, Chart from TradingView
Bitcoin traders’ realized losses have likely peaked, possibly marking the bottom of the current BTC price sell-off.
Cathie Wood predicts a surge in M&A activity under Trump’s administration, driven by deregulation and reduced FTC barriers.
Bitcoin investors realized profits as BTC price hit new all-time highs throughout November. Now that the metric has reset, new highs could be in store.
Bitcoin could soar to $180,000 in 2025 if key cycle top indicators remain muted, according to Matthew Sigel, Head of Digital Assets Research at VanEck. Speaking with podcast host Natalie Brunell, Sigel outlined a clear four-year pattern in Bitcoin’s price action that he believes has persisted through multiple market cycles. Why $180,000 Per Bitcoin Seems Plausible Sigel explained that Bitcoin tends to outperform nearly every other asset class for three years out of each four-year halving cycle, followed by a deep correction in the fourth year. Referencing a drawdown typically ranging from 60% to 80%, Sigel said this decline often arrives roughly two years after the BTC halving event. Since Bitcoin’s most recent halving took place in April 2024, Sigel sees 2024 and 2025 as potentially strong years. “That down year typically is the second year after the halving,” Sigel explained. “The Bitcoin halving occurred in April of this year. So 2024 [will be a] strong year, 2025 should be a strong year. I think 2026, unless something changes, would be a down year.” Related Reading: Can Bitcoin Hit $160,000 In 2025? Matrixport Thinks So Drawing on historical data, he recalled the smallest trough-to-peak appreciation in Bitcoin’s previous cycles, which was approximately 2,000%. Even if that figure halves to 1,000%, Sigel pointed out that Bitcoin could rise from a trough of around $18,000 to as high as $180,000 in the current cycle. “So I see an upside to $180,000 this cycle, and I think that’s likely to happen next year,” Sigel added. He also emphasized that Bitcoin’s volatility means the price could overshoot or undershoot that number, but that $180,000 represents a plausible target for 2024 if the pattern holds and no major “red light” indicators appear. Sigel broke down what he sees as the most important topping signals for traders to watch. The first involves derivatives funding rates: if the annualized cost to hold bullish Bitcoin positions on leveraged markets pushes above 10% for longer than a couple of months, Sigel considers that a red flag. “Some of those indicators include the funding rates. When the funding rate for Bitcoin exceeds 10% for more than a couple months, that tends to be a red light,” Sigel warned and explained that recent market activity reset elevated funding rates: “[Last week’s] washout eliminated that as well. So funding rates [are] not really flashing red.” The second is the level of unrealized profits on the blockchain, where on-chain analysis can reveal whether market participants’ cost basis is so low that significant profit-taking might soon create selling pressure. “We’re not seeing scary amounts of unrealized profits [yet],” Sigel noted. Finally, he said anecdotal evidence of widespread retail leverage or speculation could also flash warning lights. He explained that if all these risk indicators were to align at a certain price point—for example, if Bitcoin hit $150,000 and these metrics pointed to a market top—he would be cautious. However, he said that if the price reached around $180,000 without those signals appearing, there might still be room for further appreciation. Related Reading: National Bitcoin Reserve Initiative: MP Satoshi Hamada Urges Japan To Take Action “If we reach $180K and none of those lights are flashing, maybe we let it run. If all those lights are flashing and the price is $150K, I’m not gonna wait,” Sigel added. Next BTC Cycle Predictions He also explored the longer-term growth potential for Bitcoin by comparing it to gold’s market capitalization. Because about half of gold’s supply is used for industrial and jewelry purposes, he reasoned that the other half can be compared more directly to Bitcoin’s function as an investment and store of value. If Bitcoin were to reach a valuation comparable to that half portion of gold’s market cap, Sigel believes the price could trend toward roughly $450,000 per coin over the course of the next cycle. Taking an even more forward-looking perspective, he described VanEck’s long-term model in which global central banks might eventually hold Bitcoin as part of their reserves, even if just at a 2% weighting. Since gold constitutes about 18% of central bank reserves worldwide, Sigel’s assumption is that Bitcoin’s share would be far smaller by comparison. He also factored in the prospect that Bitcoin might one day serve as a settlement currency for global trade, potentially among emerging economic alliances such as the BRICS nations (Brazil, Russia, India, China, and South Africa), which could push its valuation significantly higher. In VanEck’s calculations, this scenario might place Bitcoin at $3 million per coin by 2050: “We also assume that Bitcoin is used as a settlement currency for global trade, most likely among BRICS countries. We get to three million dollars a coin by 2050, which would be about a 16% compound annual growth rate.” At press time, BTC traded at $107,219. Featured image from YouTube / Natalie Brunell, chart from TradingView.com
Dan Morehead, founder and managing partner of Pantera Capital Management, has reiterated his bullish stance on Bitcoin, predicting that the pioneering cryptocurrency could eventually command a $15 trillion market cap. Morehead’s comments came during a recent interview on CNBC’s “Squawk Box,” where he also highlighted Pantera’s original Bitcoin fund surpassing a 1,000x return since its […]
Singapore-based crypto service provider Matrixport predicts that Bitcoin may reach as high as $160,000 by 2025. In a newly released report, titled Matrix on Target (Issue #2024-112), the firm outlines a scenario in which increased institutional adoption, macroeconomic evolution, and broadening global liquidity could push the leading cryptocurrency to unprecedented levels. Why Bitcoin Will Reach $160,000 In 2025 Matrixport’s research team notes that Bitcoin’s performance in 2024 exceeded multiple key price projections and validated their previous analytical frameworks. According to the report, this strength has been propelled by institutional investors who embraced the Bitcoin ETF market. These investors have “realized substantial gains, incentivizing further allocation as we move into 2025,” states Matrixport. The report highlights Bitcoin’s emergence as a portfolio component, underscoring that “our analysis recommends a 1.55% allocation to achieve optimal diversification while maintaining portfolio stability.” This approach reflects Bitcoin’s gradual integration into traditional investment strategies, as well as its evolving status as a macro-relevant asset. Related Reading: Bitcoin To $250,000, Ethereum To $12,000: Here’s When, Says VC CIO Looking ahead, Matrixport’s analysis emphasizes the approaching “8% adoption threshold” that could signal a turning point for Bitcoin. Drawing parallels to other technologies that experienced exponential growth once this threshold was crossed. “Historically, technologies that cross this mark, such as smartphones and social media, experience exponential growth driven by network effects and broader accessibility. As Bitcoin gains mainstream acceptance, it is poised to transition from a niche asset to a core component of global financial markets,” the firm forecasts. Matrixport also details a shift in market dynamics. Historically, Bitcoin’s cycles were defined by steep 80% retracements, but this pattern may be diminishing. The firm reports “a growing base of dip buyers and institutional support,” which it says reduces the probability of severe corrective phases. While temporary consolidations remain a part of market structure, Matrixport anticipates these to be “less pronounced, reflecting Bitcoin’s maturation as an asset class.” Regarding specific price forecasts, Matrixport outlines a “+60% upside” as the market progresses into 2025, culminating in a $160,000 price target for Bitcoin. The report attributes this target to “sustained demand for Bitcoin ETFs,” supportive macroeconomic conditions, and an expansion in global liquidity. Related Reading: Australia’s Biggest Pension Fund Makes Historic $17M Bitcoin Investment, A National First Matrixport’s proprietary Greed & Fear Index—a barometer for market sentiment—indicates stable conditions. The report claims that “the current consolidation phase may be shorter than previous ones,” with stabilized funding rates and normalized market conditions. In turn, the analysts see “the stage … set for renewed upward momentum.” Matrixport also calls attention to Bitcoin’s recent resilience, noting that “the swift recovery from recent overheated conditions” supports the notion that BTC price is well-positioned for another growth cycle. The overarching view remains optimistic. Matrixport concludes that “the outlook for 2025 remains bullish,” with Bitcoin’s track record as “an inflation hedge, and its integration into institutional portfolios suggest a transformative year ahead.” The firm concludes: “As adoption accelerates and the market matures, Bitcoin is positioned to achieve new all-time highs, further solidifying its role as a cornerstone of the global financial landscape.” At press time, BTC traded at $100,371. Featured image created with DALL.E, chart from TradingView.com
In a price prediction shared on X, Tom Dunleavy, Chief Investment Officer (CIO) at MV Global—formerly known as Master Ventures—outlined his bullish projections for major cryptocurrencies in 2025. MV Global is a blockchain-focused venture studio renowned for building infrastructure companies aimed at advancing blockchain adoption, with investments spanning prominent entities such as Coinbase, Kraken, Ripple, Circle, and Bitfinex. Dunleavy’s forecast positions Bitcoin (BTC) at a target of $250,000 and Ethereum (ETH) at $12,000 by the end of 2025. Additionally, he anticipates Solana (SOL) reaching $700. These projections are underpinned by an analysis that draws parallels between historical economic shifts and current policy movements within the United States. Dunleavy draws a comparison to the 1970s in the United States, specifically referencing President Nixon’s termination of the Gold Standard in 1971 as a pivotal economic shift. “If we look at the 1970s in the US, then President Nixon’s ending of the Gold Standard in 1971 could be seen as a similar pivot point as the shift we see with the Trump administration’s embrace of crypto,” Dunleavy stated. Related Reading: Anthony Scaramucci Foresees China Bitcoin Strategic Reserve In 2025 He noted that following Nixon’s move, gold prices surged approximately sixfold within three years before experiencing a retracement, ultimately reaching a peak of twenty times the initial value by the decade’s end. Dunleavy suggests that a comparable trajectory could unfold for Bitcoin and altcoins under the upcoming administration’s policies. Quarterly Bitcoin And Crypto Predictions For 2025 Q1 2025: MV Global anticipates a sharp uptrend fueled by increasing excitement surrounding the new administration. “Trump’s first 100 days lead to a realization that the crypto agenda is actually top of mind,” Dunleavy explained. He expects a rapid market start, facilitated by the Biden administration’s cooperation in the transition process. Significant legislative advancements are anticipated within the first 100 days, particularly concerning market structure and stablecoins. Related Reading: Bitwise Forecast: Bitcoin, Ethereum, And Solana Poised For Record Highs In 2025 “We also place a higher chance on meaningful progress towards a BTC strategic reserve and the game theory of subsequent nation state adoption,” Dunleavy adds. However, a market correction is expected as the US tax season approaches, with March historically being a challenging month for Bitcoin. Q2 2025: The second quarter is projected to witness a gradual yet consistent upward movement as institutional investors increasingly enter the asset class. “ Slow but steady march upward as more institutions come on board,”Dunleavy writes. He highlights the potential approval of Bitcoin and Ethereum ETFs by major Registered Investment Advisors (RIAs) and brokerage firms such as Merrill Lynch and Charles Schwab. “ETH leads as the lack of a SOL ETF is a short-term impediment to institutional flows,” he noted, indicating that Ethereum may benefit more immediately from institutional adoption compared to Solana. Q3 2025: Summer is expected to bring a period of consolidation, with prices experiencing sideways movement. “Summer lull. Prices chop down,” Dunleavy predicts. The introduction of a spot Solana ETF or other crypto ETFs could provide a catalyst to break this stagnation. September is identified by the CIO as a critical month for potential Securities and Exchange Commission (SEC) rulings, which could significantly influence market dynamics. Q4 2025: The final quarter is anticipated to see a robust surge towards the year’s end, culminating in a blow-off top scenario. “Strong flurry into year end. Blow off top that we think bleeds into Q1 2026. This cycle peaks well into 2026 as the passive ETF bid keeps a very strong floor,” Dunleavy concludes. At press time, BTC traded at $100,812. Featured image created with DALL.E, chart from TradingView.com
Bitcoin (BTC) shattered the $100,000 price milestone yesterday, reaching as high as $104,088 on Binance crypto exchange. This historic price action has prompted analysts at the trading firm Bernstein to assert that Bitcoin is well-positioned to replace gold within the next decade. Bitcoin Poised To Outshine Gold Over Next Decade, Bernstein Says In a client note released earlier today, Bernstein analysts, led by Gautam Chhugani, expressed confidence that Bitcoin will eventually assume gold’s role as a reliable safe-haven asset. The note stated: We expect Bitcoin to emerge as the new-age premier ‘store of value’ asset eventually replacing Gold over the next decade, and becoming a permanent part of institutional multi-asset allocation and a standard for corporate treasury management. On a year-to-date (YTD) basis, Bitcoin is up an impressive 141%. However, the lion’s share of these gains came following the victory of pro-crypto Republican candidate Donald Trump in the November US presidential election. Related Reading: Bitcoin Price Hits Historic $104,000: Key Factors Fueling The Surge The cryptocurrency market has seen a surge in optimism following Trump’s victory, as the president-elect is expected to create a favorable regulatory environment for digital assets. Since November 4, the total crypto market cap has climbed from $2.4 trillion to $3.9 trillion at the time of writing – a staggering 62.5% increase. In the note, Bernstein predicts that BTC may rise to $200,000 by late 2025. The trading firm’s forecast aligns with Charles Edwards’ – founder of Capriole Investments – prediction that BTC can potentially double in value within weeks, as its relatively smaller market cap enables more rapid price movements. BTC Adoption Major Driver Behind Its Success Bernstein’s bullish outlook was reinforced by Gil Luria, a D.A. Davidson analyst, who identified mainstream adoption as the key driver behind Bitcoin’s success. However, he cautioned that Bitcoin still has a “long path ahead” before it is widely accepted as a medium of exchange and unit of account. Luria added: Bitcoin’s main current application as a store of value — an appreciating, low-correlation asset that replaces gold as a hedge against a decline in economic stability. While Bitcoin is yet to achieve widespread use as a currency, it has gained significant traction as a reliable asset class for corporate balance sheets. Recently, Hut 8, a leading crypto-mining firm, announced plans to establish a strategic Bitcoin reserve. Related Reading: Bitcoin Miner MARA Buys Another 703 BTC, Increases Total Holdings To 34,794 BTC In November, video-sharing platform Rumble shared its plans to bolster their BTC holdings. At the same time, declining BTC reserves on crypto exchanges are likely adding to the asset’s supply scarcity, subsequently pushing its price upward. At press time, BTC trades at $103,172, up 7.9% in the past 24 hours. Featured image from Unsplash, Chart from Tradingview.com
Bitcoin's surge past $100,000 just a month after Trump’s reelection has fueled bold predictions, with analysts eyeing $150,000-250,000 next.
In the latest episode of The Milk Road Show, Charles Edwards, founder of crypto hedge fund Capriole Investments, provided an in-depth analysis of Bitcoin’s current state, its future trajectory, and the potential conclusion of the traditional 4-year Bitcoin cycle. Edwards posits that Bitcoin’s journey to $100,000 could be the catalyst for an unprecedented price acceleration. He suggests that once this psychological and technical barrier is breached, Bitcoin could potentially double in value within weeks. Drawing parallels with gold’s recent performance, Edwards stated, “If you look at gold this year, it went up 33% in 16 weeks—that’s a $3.8 trillion move in a really old asset. For Bitcoin to go from $100K to $200K, that’s just $2 trillion on an asset that trades 24/7 and is more accessible globally.” He emphasizes that Bitcoin’s relatively smaller market capitalization compared to gold allows for more rapid price movements. Historically, after surpassing previous all-time highs, Bitcoin has experienced significant and swift appreciations, entering periods of price discovery where supply constraints can lead to vertical price increases. When Will Bitcoin Price Double? The $100,000 mark is not just a round number; it represents a significant resistance level due to several factors. Edwards highlighted the presence of a substantial sell wall at this price point, noting, “We have the biggest sell wall we’ve ever seen in the order books for Bitcoin at $100,00. I think just yeah once that’s cleared out, that’s when you know everyone who wanted to sell has sold and you have these really sharp rapid vertical price appreciation moves because there’s just no more supply left.” Related Reading: MicroStrategy Continues Bitcoin Buying Streak: 15,400 BTC Added This Monday Additionally, many investors who entered the market at lower prices may view $100,000 as an optimal point to realize profits, potentially creating selling pressure. However, Edwards remains optimistic that this barrier will be surpassed, especially within the next few months, given the seasonal strength observed in Bitcoin’s price movements during Q4 and Q1. “We are [at a point] in the cycle where we are seasonal and this is kind of like the optimal two to four month period, […] maybe a five to six month period every four years. After each Halving every four years, you have about 12 to 18 months where you get 90% to 95% of all the cycles returns out of every four years. So most of it happens in that one year alone. If you look at Q4 and Q1 that again is the majority of the returns […] once you have a strong monthly breakout above all time,” the hedge fund CEO stated. While Edwards is bullish on Bitcoin’s prospects, he cautions investors about the inherent volatility of the market. He pointed out that corrections of 20% to 30% are normal during bull markets and that investors should be prepared for such fluctuations. “It’s normal to have 30% drawdowns every few months in a Bitcoin bull market,” he noted. Factors such as increasing leverage in the market could exacerbate price swings. Edwards mentioned that if leverage and funding rates continue to rise without chipping away at the existing sell wall, Bitcoin could revisit lower support levels, potentially around $80,000. However, he emphasizes that such volatility is a natural part of Bitcoin’s growth cycle and not necessarily indicative of a long-term downturn. The End Of The Traditional 4-Year Cycle? A significant point of discussion was whether the traditional 4-year cycle, largely driven by the halving events, is reaching its conclusion. Edwards believes that as Bitcoin matures and integrates more deeply with traditional financial systems, the impact of the halving on market cycles will diminish. “As Bitcoin’s inflation rate decreases and it becomes more integrated with traditional finance, the four-year halving cycles may become less impactful. The large 80% drawdowns we’ve seen in the past might not happen in future cycles,” he stated. This maturation process could lead to more stable growth patterns and reduced volatility. Edwards suggests that future cycles may see shallower corrections, possibly around 60% rather than the dramatic declines of previous years. Related Reading: Data Shows Selling Pressure Mounts On Bitcoin: Is The Bull Run at Risk? Notably, several potential catalysts could propel Bitcoin’s price to unprecedented levels. Edwards mentioned the possibility of the US government establishing a Strategic Bitcoin Reserve under President-elect Donald Trump. While he estimates the probability of this occurring in 2025 to be around 30%, he acknowledges that such an event would be a game-changer. “Assuming [the U.S. government] doesn’t sell their existing holdings is great, but it’s probably not going to help the cycle a lot. Actively buying Bitcoin could be a game-changer,” he remarked. Corporate adoption is another significant factor. The potential for major corporations to add Bitcoin to their balance sheets could drive substantial demand. Edwards highlighted the upcoming vote by Microsoft on this matter, saying, “Let’s hope it’s Microsoft [on December 10].” Furthermore, the success of spot Exchange-Traded Funds (ETFs) has opened the doors for institutional investors. The sustained demand from ETFs has been absorbing Bitcoin supply steadily. Edwards observed, “The ETFs have just been sucking Bitcoin out of the system ferociously.” Bitcoin Price Predictions Edwards provided a base and an optimistic scenario for the Bitcoin price in this cycle. He stated, “I’d be surprised if we don’t get to $140,000.” This base case assumes steady market conditions without any extraordinary positive events. In a more optimistic scenario, he believes Bitcoin could reach $200,000, especially if significant catalysts, such as government or corporate adoption, materialize. “We could easily get to $200,000. Once we clear those all-time highs, Bitcoin does multiples very quickly,” he explained. He concluded: “”Once we’re above $100,000, people who aren’t in Bitcoin just cannot comprehend Bitcoin above $100,000 […] That’s when you see the real switch flick and the flows happen.” At press time, BTC traded at $94,814. Featured image created with DALL.E, chart from TradingView.com
In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin’s potential trajectory, the US fiscal deficit, and the broader financial markets. Contrary to some hyper-bullish forecasts, van Eck provided a more conservative price target for Bitcoin for this bull run. Van Eck stated, “Our thesis is effectively that Bitcoin will keep to the halving cycle, so we’re looking at sort of $150,000 to $180,000 this cycle as a price target.” He dismissed the notion that Bitcoin could reach $400,000 in the current cycle, suggesting that such a milestone might be achieved in the next cycle. “In the next cycle, it reaches my target of half the value of gold, so $400,000 plus depending on the price of gold,” he added. Discussing the US fiscal deficit, van Eck identified it as “the elephant in the room” and a significant concern for the markets. “We are spending money that’s just completely unsustainable, and for any other country, they’d be headed towards bankruptcy,” he remarked. Related Reading: Will Bitcoin See Another ‘Thanksgiving Day Massacre’? Experts Weigh In He outlined two prevailing schools of thought in Washington regarding fiscal policy. The first is the lobbyist perspective, which asserts that it’s impossible to cut spending significantly, resulting in minimal slowing of growth in the budget deficit. The second is the “extreme disruptors” approach, advocating for a $500 billion cut in government spending. Van Eck credited this figure to Vivek Ramaswamy, co-head of the Department of Government Efficiency (DOGE), stating, “They can effectuate that because there are 1,200 programs that are no longer authorized but still spending money, which means that they can terminate them with an executive order.” He described this target as “healthy” and “realistic,” although acknowledging it would not close the entire deficit, which was $1.8 trillion last year. Addressing the market’s reaction to the election of President Trump, van Eck found it peculiar that despite a clear electoral outcome, there remains uncertainty about fiscal policy. “We had a sweep by one political party, yet we don’t really know what their fiscal policy is gonna be,” he observed. He noted that the initial market reaction was negative for gold because of the possibility of government restructuring. “The initial reaction was negative gold because the idea was, wow, maybe they will be able to restructure government. Never bet against Elon, right?” he said. Related Reading: Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy Van Eck also commented on geopolitical tensions, particularly the situation in Ukraine and the approval of long-range missiles striking deep into Russian territory. While acknowledging that such events can impact markets, he cautioned, “The problem is geopolitical stuff is completely uninvestable. We never know what next headline is coming, and we don’t know if it’s going to be bullish or bearish.” He advised that professional investors often choose to “do absolutely nothing” in response to geopolitical uncertainties. Catalysts For Bitcoin Price On the subject of institutional interest in Bitcoin and regulatory shifts, van Eck emphasized that the regulatory environment plays a crucial role. “It really depends on the regulatory environment,” he said. He pointed out that while regions like Asia have seen regulators giving the green light, the US has been relatively quiet. However, he noted a recent uptick in interest: “Now, with the new regime, suddenly the phone is ringing.” Van Eck revealed his personal investment stance, stating, “That’s why I have a huge personal investment in Bitcoin and gold.” He expressed optimism about Bitcoin’s maturation process, likening it to a child growing up: “I would say it’s sort of like a teenager, and what gets it to mature is new investor sets coming in.” He noted that while individual investors have embraced Bitcoin ETFs, the wealth management industry has yet to fully engage. Addressing the correlation between Bitcoin and traditional markets, particularly the NASDAQ, van Eck admitted concern: “The thing that worried me the most […] Bitcoin’s correlation to the NASDAQ was high.” He explained that this high correlation made Bitcoin less attractive to professional investors who were already overexposed to mega-cap tech stocks. However, he remains hopeful that Bitcoin’s correlation will diminish: “Rooting for and expecting that its correlation will go back to zero, which it has been for the long term.” At press time, BTC traded at $95,350. Featured image created with DALL.E, chart from TradingView.com
Van Eck says BTC can reach a price of $180,000 this cycle but warned that elevated funding rates could be showing early signs of "overheating."
In a series of exchanges on X, Adam Back, CEO of blockchain technology firm Blockstream, projected that Bitcoin could surge beyond $1 million if the United States were to establish a Strategic Bitcoin Reserve (SBR) under President-elect Donald Trump. “If the US Strategic Bitcoin Reserve happens, prepare for 7 figure bitcoin. This cycle. The market is skeptical on meaningful follow through for now, so that is not at all priced in,” Back stated. if the US Strategic Bitcoin Reserve happens prepare for 7 figure bitcoin. this cycle. the market is skeptical on meaningful follow through for now, so that is not at all priced in. — Adam Back (@adam3us) November 18, 2024 The bold prediction sparked discussions among industry experts and enthusiasts. James Van Straten, a noted crypto analyst, responded, “7 figures? I don’t think I’m mentally prepared for 6.” Acknowledging the market’s doubt, Back replied, “That’s a fairly big ‘if’ though. At least if we infer from market price, the market thinks a US Strategic Bitcoin Reserve is unlikely. If that becomes real, I’d expect a rapid repricing.” Can Bitcoin Rise To $1 Million Per Coin? The conversation highlights the market’s skepticism regarding the feasibility of the US government accumulating such a significant Bitcoin reserve. Van Straten, like other experts, suggested that a nation might consider “front-running” this potential scenario, to which Back noted, “There’s no good way to buy 1 million BTC other than very, very quietly. Even then, once it leaks, the entire world gets FOMO and a price teleport happens.” Related Reading: Is $135,000 Bitcoin’s Current Ceiling? This Model Says So Portal, a custodyless interoperability protocol for Bitcoin, weighed in on the discussion via X: “If the US starts one, surely the rest of the world will start to follow suit as well.” This sentiment underscores the potential global ripple effect of a US-initiated SBR on Bitcoin adoption and valuation. Skepticism was also voiced by X user AndyLiteMan (@LiteAndy), who critiqued Back’s astronomical prediction: “As much as that would be exciting, it’s not going to happen. We hear this every cycle.” Back maintained his position, emphasizing the conditional nature of his prediction: “I said ‘if,’ and that market doesn’t believe it so far.” Adding another layer to the unfolding narrative, Dennis Porter, CEO and founder of the Satoshi Act Fund—a US nonprofit advocating for Bitcoin adoption—claimed on November 18 that Donald Trump’s team is considering an executive order to establish a national SBR, as Bitcoinist reported. “I’ve heard that the Trump team is considering an Executive Order for a National ‘Strategic Bitcoin Reserve’ in order to beat any state from passing it into law first,” Porter disclosed via X. “I can confirm that US Senate offices are backing this plan up. Game on President Trump. The race is on.” Related Reading: Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why Porter, deeply involved in legislative efforts surrounding Bitcoin adoption, noted that his information stems from “private conversations with people familiar” with the matter and his direct involvement in promoting SBR language across the United States and internationally. Notably, it is crucial to distinguish between the proposals being discussed. Porter’s reference to Trump’s consideration pertains to an executive order that would establish a national SBR. This contrasts with Trump’s previous suggestion at the Bitcoin 2024 conference to create a strategic Bitcoin reserve by retaining all “seized coins” obtained through law enforcement actions. Furthermore, Republican Senator Cynthia Lummis has introduced the Bitcoin Act, which proposes the US government purchase 1 million BTC over five years, allocating 200,000 BTC per year. Addressing this legislative initiative, Back commented on a Polymarket prediction market screenshot showing a 36% chance for “Will Trump create a national Bitcoin reserve?” He clarified, “Optimistic IMO and depends on what they mean. ‘Not selling seized coins’ is very different from Senator Lummis’ SBR bill to buy 1 million BTC.” The latter could send the Bitcoin price skyrocketing. Back highlighted the logistical challenges of such a substantial acquisition: “There’s no good way to buy 1 million BTC other than very, very quietly. Even then, once it leaks, the entire world gets FOMO and a price teleport happens.” At press time, BTC traded at $92,329. Featured image created with DALL.E, chart from TradingView.com
In a recent interview on CNBC’s “Squawk Box,” Matthew Sigel, Head of Digital Assets Research at VanEck, predicted that Bitcoin’s current rally is “just getting started” and is expected to continue for at least two more quarters. The BTC price briefly surpassed $93,000 on Wednesday before experiencing a slight pullback, marking an impressive gain of […]
The Bitcoin price soared to a new all-time high of $89,940 on Binance on Tuesday, fueled by market excitement over Donald Trump’s victory in the US presidential election. The surge comes as Trump has promised to establish a national Bitcoin reserve and has even considered using Bitcoin to pay down the US national debt. Bitcoin […]
Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve.
Bitcoin is on the road to deliver its best weekly performance since February following Trump's reelection.
Bitcoin broke through $76,000 following Trump’s election victory, with PlanB’s stock-to-flow model forecasting a $500,000 BTC price within four years.
After lagging Bitcoin for most of 2024, Ethereum appears to be in the early stages of a bullish trend reversal. Here’s why traders are closely watching the ETH/BTC pair.
Legendary trader Peter Brandt, with nearly five decades of experience in trading since 1975, has shared a bullish forecast for the Bitcoin price trajectory in 2025. Taking to X, Brandt stated: “Bitcoin $BTC is now in the sweet spot of the bull market halving cycle that should top in the $130k to $150K range next Aug/Sep. I measure cycles differently than most.” How High Can Bitcoin Go In 2025? Brandt’s analysis is rooted in the historical patterns observed in Bitcoin’s halving cycles. His chart, covering Bitcoin’s price action from early 2022 with projections into 2026, highlights two significant periods of 518 days each. These periods represent critical phases in Bitcoin’s market behavior, representing the cyclical nature of its price movements. A notable technical pattern identified in his chart is the breakout from a broadening wedge. This formation, characterized by diverging support and resistance lines, suggests increasing market volatility as prices make progressively higher highs and lower lows. The successful breakout from this pattern is considered a strong bullish signal. Related Reading: CNBC Projects Bitcoin Could Hit $100,000 Before Presidential Inauguration – Details In a detailed blog post from June titled “The Beautiful Symmetry of Past Bitcoin Bull Market Cycles,” Brandt elaborated on the significance of halving events. He observed that the halving dates have “represented the half-way points of past bull market cycles,” showing an almost perfect symmetry within these cycles. Specifically, the number of weeks from the start of each bull market cycle to the halving dates has been nearly equal to the number of weeks from the halving dates to the subsequent bull market highs. Based on this symmetrical pattern, Brandt posits that if the sequence continues, “the next bull market cycle high should occur in late Aug/early Sep 2025.” He suggests that the highs of past bull markets align well with an inverted parabolic curve, and if this tendency persists, “the high of this bull market cycle could be in the $130,000 to $150,000 range.” Related Reading: Economist Predicts ‘Blow-Off Top’ For Bitcoin At $123,000 Post-Trump Win Despite his optimistic projection, Brandt maintains a cautious stance. He emphasizes that “no method of analysis is fool-proof” and admits to avoiding being “dogmatic about any idea.” While this view is his preferred analysis, he acknowledges it is not his only interpretation. Brandt notes that he continues to place a 25% probability that Bitcoin’s price has already topped for this cycle. Should Bitcoin fail to make a decisive new all-time high and decline below $55,000, he would raise the probability of an “Exponential Decay.” The crypto community has been actively engaging with Brandt’s analysis. Popular crypto analyst Astronomer (@astronomer_zero) responded on X, agreeing with Brandt’s top estimation and highlighting the importance of accurately calling the market top. Astronomer remarked: “I think you’re spot on with that top estimation Peter! As for calling the bottom, now it is our duty to call the top ideally in one single try. The terminal price does that very well. I have 6 other metrics in place. If they all line up, it is a sell. Location at $160,000.” In a further exchange, an X user inquired about the implications for the Bitcoin to gold (BTC/GLD) ratio, suggesting it might imply a much higher price. Brandt responded, “Eventually, yes. But let’s take one step at a time without become too dogmatic.” At press time, BTC traded at $74,940. Featured image created with DALL.E, chart from TradingView.com
A boost in Bitcoin’s spot volumes and a classic chart pattern hint that $110,000 could be the next stop for BTC’s price.
The 2024 US presidential election is decided. Donald Trump will get a second term, defeating Kamala Harris. In the midst of election night, the Bitcoin price rose to a new all-time high of $75,407 on Binance. The euphoria is driven by Trump’s big election promises. He wants to establish Bitcoin as a national strategic stockpile, fire Securities and Exchange Commission (SEC) Chairman Gary Gensler and generally enforce a crypto-friendly policy. While a Harris victory would have meant a short-term setback for Bitcoin according to most experts, the predictions by the majority of experts are extremely bullish thanks to the Trump victory. However, renowned economist Henrik Zeberg offers a cautionary perspective. Zeberg warns that Trump’s proposed economic policies could precipitate a US recession, leading to a “blow-off top” scenario for Bitcoin and the broader crypto market. Central to his argument is Trump’s plan to replace certain taxes with tariffs to stimulate domestic economic growth. Is A Bitcoin Blow-Off Top Scenario Looming? Drawing parallels with historical events, Zeberg suggests that Trump’s tariff strategy could echo the economic missteps of the 1920s and 1930s. In a post on X, he shared a link to the Wikipedia page for the Smoot-Hawley Tariff Act of 1930. He stated: “Now everything is lined up for history to repeat itself. US Tariffs implemented into a Recession—reinforcing the downturn and popping the Greatest Bubble ever.” Related Reading: Analyst Reveals What The Gold Chart Says About The Possibility Of Bitcoin Price Reaching $100,000 The Smoot-Hawley Tariff Act is widely regarded as a catalyst that deepened the Great Depression. By substantially increasing US tariffs on imported goods, the act prompted retaliatory tariffs from other nations, leading to a severe contraction in international trade. This protectionist spiral exacerbated global economic decline, resulting in heightened unemployment and prolonged hardship worldwide. Amid these economic concerns, Zeberg has projected a significant, yet potentially short-lived, surge in Bitcoin’s price. “Making it Simple! BTC target 115-123K,” he asserted via X a few days ago. His analysis is grounded in Fibonacci extension levels—a technical analysis tool used to predict future price movements based on historical price patterns. Related Reading: Institutional Traders Bet On Bitcoin Exceeding $79,300 By End Of November According to Zeberg’s analysis, the critical level to monitor is the 1.618 Fibonacci extension, calculated at $114,916.16. He suggests that this level is “very likely the top,” indicating that Bitcoin could reach this price point before experiencing a significant reversal. The analysis also notes other key Fibonacci levels that may serve as resistance points during Bitcoin’s ascent. The 0.382 level at $77,437.88 marks a significant initial resistance following the breakout from the previous all-time high. The 0.618 level at $85,205.47 could act as minor resistance as the price climbs. Additionally, the 1.0 level at $107,435.71 represents a crucial psychological and technical threshold, while the 1.27 level at $123,148.19 indicates a possible overshoot beyond the primary target zone. An annotation on Zeberg’s chart poses the question, “58% in less than 3 months into the top?” This suggests he anticipates a rapid price increase within a relatively short time frame, consistent with historical patterns. At press time, BTC traded at $73,742. Featured image created with DALL.E, chart from TradingView.com
Bitcoin market trend may be on the verge of a significant shift, according to a recent analysis shared by CryptoQuant analyst Percival. Percival described Bitcoin’s current phase as “chopsolidation,” a term used to describe a period of minimal directional movement where price consolidation occurs without a clear trend. This period, he suggests, may be drawing to a close, with an imminent market movement expected in the coming weeks. The Chopsolidations metric, as Percival notes, doesn’t predict the direction of Bitcoin’s next move. Related Reading: Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next? Instead, it assesses the exhaustion level of the current trend, helping to determine whether Bitcoin’s price is due for a reversal or continuation. Percival’s analysis highlights that while there are indicators of strength at various points, the market remains divided on Bitcoin’s next direction. So far, some investors believe that recent accumulation is sufficient to push Bitcoin past its all-time high, while others expect a more cautious upward movement or even a potential correction. Assessing Bitcoin’s Support Levels And Potential Price Rebound Percival’s analysis further points to two key periods in September and October where Bitcoin established notable support levels, marked by brief but significant price stability zones. These areas, which he identified as orange zones on his chart (shared above), served as points where Bitcoin’s price “reloaded” — essentially, zones where demand was strong enough to halt price declines temporarily. With the current price hovering near these support levels, Percival suggests that the market may find a new bottom if Bitcoin faces any short-term downward pressure. This support could create a foundation for upward movement in the weeks ahead. The Chopsolidations indicator, according to the CryptoQuant analyst’s breakdown, is showing signs of readiness for a strong trend based on weekly and monthly readings. Although he did not specify a particular directional bias, he noted that the current market strength could be enough to drive Bitcoin’s price upwards if additional demand or a favorable macroeconomic environment aligns with market sentiment. This trend could play out over the short term, where sufficient market activity might lift Bitcoin’s price. Bitcoin Continuous Struggle To Make A Major Move So far, Bitcoin’s price has continued to face a struggle to make a significant move, especially to the upside. Instead, the asset has seen a form of calmness in volatility following its recent decline below the $70,000 price mark. Particularly, at the time of writing, the asset currently trades for $68,721—a price region BTC has remained quite stable for the past 3 days since its most recent decline. Featured image created with DALL-E, Chart from TradingView
Memecoins DOGE and SHIB have outperformed on US election day as US citizens cast their ballots.
Bitcoin recent price movements amid the US presidential election 2024 have led to its price currently standing at around $69,092, following a drop below the $70,000 level last week. This relatively low volatility has marked a calm period for Bitcoin, allowing it to stabilize in the $68,000 to $69,000 range over the past few days. The steady price trend has prompted analysts to forecast possible upward movement, pointing to various technical patterns and indicators suggesting a potential rally. Related Reading: Bitcoin May Slide To $65,000 As Critical Support Level Fails – Details 30% Bitcoin Rally In Play Among the analysts forecasting bullish momentum for Bitcoin, a renowned crypto analyst known as Captain Faibik recently shared insights on X regarding a technical pattern called a “Descending Broadening Wedge.” Faibik highlighted that Bitcoin has completed a breakout from this pattern on a weekly chart and is now in a “retest” phase. A Descending Broadening Wedge is typically considered a bullish reversal pattern in technical analysis. The pattern forms as price action creates lower highs and lower lows within diverging trendlines, implying that the downward momentum may weaken. If the price breaks upward through the resistance, it can indicate that the asset will likely see a price surge. Faibik expects a successful retest of the recent breakout of this pattern from BTC and has set a midterm target of $88,000, forecasting a potential 30% increase in Bitcoin’s value by the end of the year. Bullish Divergence And Long-Term Holder Behaviour Alongside Faibik’s observations, another well-known analyst, Javon Marks, pointed to signs of bullish divergence on Bitcoin’s chart. In technical analysis, bullish divergence occurs when an asset’s price makes lower lows while a technical indicator, such as the Relative Strength Index (RSI), creates higher lows. This divergence can suggest a potential reversal as buying momentum begins to build. According to Marks, this divergence indicates that Bitcoin’s bulls may be preparing for a move, which could translate to regained dominance in the market. Marks’ view supports the possibility of an upward trend in the medium term, even if the short-term market conditions seem uncertain. Meanwhile, IntoTheBlock, a prominent blockchain analytics firm, recently reported interesting trends in Bitcoin’s holder’s balance metrics. Related Reading: Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next? According to their data, while long-term Bitcoin holders are currently selling, the scale of these sell-offs appears moderate compared to previous bull cycles. In prior cycles, long-term holders often sold more aggressively, signaling a peak in market sentiment. This time, however, the selling trend among long-term holders has been more restrained, which may reflect a cautious approach amid Bitcoin’s current market conditions. IntoTheBlock speculates that this cautious behavior could signal a shift in the cycle dynamics, potentially pointing to a new market phase for Bitcoin. Featured image created with DALL-E, Chart from TradingView