Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K
It's safe to say that Bitcoin's price has seen better days. Just a few days ago, it dropped to a low of around $63,400 – a point last observed about a month ago. Since June 7th, the BTC price has lost about 11%, with altcoins tumbling even harder. However, some analysts remain bullish, and CrediBULL Crypto is one of them.
$100K Bitcoin Price Still Possible
The well-known crypto analyst with 400,000 followers on X (formerly Twitter) took to the social media platform yesterday to share his thoughts on Bitcoin’s price. CrediBULL said:
"Our last impulse took us from $38K to $73K in 1.5 months. That’s a $35K move in about 50 days. The impulses that follow should be even more aggressive and we are trading at $64K. Our next impulse could send us to $100K within 30 days, and we still have around 6 months left till EOY."
For BTC to increase to $100K from its current point, the price needs to increase by a considerable 56.25%.
But CrediBULL is not the only one with a bullish bias.
Bernstein Sees Bitcoin Target $200K by 2025
Analysts from the well-known analytics firm Bernstein Research have recently changed their long-term price forecast for BTC to $200K by the end of 2025. It's worth noting that the firm had previously predicted that Bitcoin would reach $150K in the same period.
The analysts also outlined that spot Bitcoin exchange-traded funds (ETFs) might represent about 7% of the total circulating supply in 2025. They said that this would likely be this cycle’s high, but after that, BTC may go as high as $1 million by the year 2033. By that time, the ETFs might have captured a considerable 15% of the cryptocurrency's circulating supply.
This article details recent Bitcoin price predictions offered by analysts, highlighting the potential for significant growth despite recent price drops. CrediBULL Crypto and Bernstein Research provide optimistic views, suggesting potential targets of $100K within 30 days and $200K by 2025, respectively.
If you're interested in learning more about Bitcoin investments or keeping up-to-date with the cryptocurrency market, stay tuned for further updates and insights.
