Bitcoin (BTC), the world’s largest cryptocurrency, has been on a roller coaster ride all week. The king coin saw several upticks followed by prominent downfalls. But the halving changed predictions and forecasts made this year. While some were sticking to $90,000, a few other ambitious investors were aiming higher.
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Bitcoin’s Recent Performance And Future Predictions
Following a major price drop, Bitcoin witnessed a slight recovery throughout the day. The king coin dropped by more than 4% over the week. The asset was trading at $57,115.08 at press time following a 3.21% increase. BTC surged from a low of $54,848 to a high of nearly $58,000.
Current Price And All-Time High
Currently, BTC is 22% below its all-time high of $73,750. The asset will have a lot of work to do to move to the next level. According to calculations, Bitcoin needs to rise by 162.63% to hit $150,000.
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When Will Bitcoin Reach $150,000?
Despite Bitcoin’s current rut, Brandt’s latest chart suggests that the king coin may still be poised to stage another parabolic rise. The prominent trader believes Bitcoin will peak at about $150,000 in late 2025.
Hey Jim @Upticken how about Bitcoin. Might we declare Tea and Crumpets on this chart? pic.twitter.com/SwVOipCvDg
— Peter Brandt (@PeterLBrandt) September 9, 2024
Predictions From Other Experts
Brandt wasn’t the only one to make such a prediction. Earlier this year, Standard Chartered announced that BTC could soar to a high of $150,000 by the end of the year. They also suggested that the asset will rise to $250,000 by next year.
Price Projections For 2025
According to data from Changelly, Bitcoin will reach the $100,000 mark by 2025. Based on a review of past Bitcoin prices, the minimum price of the cryptocurrency is projected to reach around $121,440.85 in 2025.
The price of Bitcoin might reach a maximum of $145,871.41. In 2025, the average trade price might be $124,947.50.
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