Experts reviewed by BeInCrypto expect the price of BTC to rise due to the approval of a Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States this year and the halving in 2024. Their Bitcoin price prediction for 2025 will be a good signal for those investing in Bitcoin now.
BeInCrypto recently conducted a survey among cryptocurrency community members to predict the Bitcoin price for next year.
Experts' 2025 price prediction: BTC hits $280,000
Charles Edwards of Capriol Investments expects Bitcoin to rise to $280,000 early next year. His analysis is based on the growth of the largest cryptocurrency since the previous halving.
According to Edwards, China's ban on cryptocurrency mining halted Bitcoin's growth in 2020. However, considering the twin forces of the Bitcoin spot ETF and the Bitcoin halving in 2024, if the pattern since the last halving repeats without a similar disruption , it will reach $280,000 in 2025 .
“… I believe the performance of the 2020 cycle was mediocre and an outlier . If we drill down into the two most important factors for Bitcoin this cycle and add them up, we could easily reach a conservative Bitcoin price of $300,000 over the next few years,” says Edwards.
Read more: How to Buy Bitcoin (BTC) and Everything You Need to Know
On the other hand, technology analyst Titan of Crypto is less positive about the Bitcoin price early next year, arguing that there will be a correction following Bitcoin's recent growth. According to a recent post on Afterwards, according to Elliott Wave cryptocurrency calculations, the price of Bitcoin will rise to $340,000.
Top analyst forecasts Bitcoin price between $100,000 and $500,000
Cryptocurrency trader Stock Money Lizard predicts that Bitcoin could rise to $280,000 in 2025 and then enter a correction. Another analyst, Yoda, believes the Bitcoin price will reach $100,000 in 2025. If the cycle repeats in 2021, the price could reach $160,000.
Another technology analyst, Mags, believes that the halving could push the price of Bitcoin closer to $300,000 in early 2025. Reducing the rate at which new BTC comes into circulation will push the asset into a parabolic growth phase .
Read more: Bitcoin Halving Cycle and Investment Strategy: What You Need to Know
Aurelienne Oayon, a technical analyst at Xorstrategy, a company that offers algorithmic Bitcoin trading, had the most positive outlook. He expects Bitcoin to rise to $100,000 in early 2025 and then $500,000.
The above article is a BeInCrypto article written in English translated into Korean using AI.
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