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$100,000 was an expected mark for Bitcoin since the previous bull cycle.
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Overall, positive expectations remain for bitcoin in 2024 and 2025.
The price of bitcoin (BTC) last week surpassed $100,000 (USD) for the first time in history and has been trading around that level ever since. With such behavior, the market shows strength to maintain this area. What comes next?
“What we are seeing right now is a clear paradigm shift towards the next phase of growth for cryptocurrencies,” says Alejandro Estrin, country manager of OKX Argentina. He attributes this to several factors, such as the cut of interest rates in the United States, the results of global elections and the rise of stocks.
However, it is important to keep in mind that Historically, increases in bitcoin and cryptocurrencies have contained temporary setbacks. “We need to be prepared for similar situations,” mentions the OKX manager, in a comment sent to CriptoNoticias.
“Falls are possible on the way to new all-time highs, and it is up to the community to be vigilant,” he clarifies. “The rapid advance of the market means that corrections could be pronounced, even with the general uptrend, so risk management is essential,” he adds.
“Breaking past the $100,000 mark for Bitcoin is a significant milestone for the industry as a whole, and while there will still be macroeconomic and geopolitical uncertainty, leading to more near-term volatility, Bitcoin’s fundamentals are becoming more apparent to an audience.” broader, with access also increasing.”
Alejandro Estrin, country manager of OKX Argentina
In parallel, analyst Jim Nelson holds that, with the surpassing of USD 100,000 a couple of times, Profit takers were immediately seen coming out of nowhere. Consequently, the price saw slight drops, as the graph shows. “This is exactly what happened to gold, if you remember, when it hit $2,000 an ounce,” he notes.
BTC-USD price per day, until December 9, 2024. Source: TradingView.
The analyst highlights that today gold has USD 2,000 in its rearview mirror and continues to trade at more than USD 2,600. “The same thing is likely to happen with bitcoin,” he says. In this sense, expects the bull market to reactivate after a temporary brakeas USD 100,000 was an expected mark that created profit-taking opportunities.
“If bitcoin can jump to USD 125,000 or even USD 150,000, that is a good profit from here,” he clarifies. However, he maintains that different cryptocurrencies will perform better, given that BTC’s bullish trend usually generates an altseason. According to his colleague Juan Villaverde, the prices of some altcoins will skyrocket up to 138,000%.
There would still be months of bull run for bitcoin
According to the Ripio exchange analyst team, the recent buying flow that moved bitcoin’s all-time high could take its price above USD 105,000 in the coming days. In addition to this, the upward trend is expected to continue during the year 2025, as detailed in a note sent to CriptoNoticias.
“Most investors and analysts agree that the market’s bull run will continue during 2025,” declared Sebastián Serrano, CEO of Ripio. According to your perspective, bitcoin and the Cryptocurrency market will most likely peak this cycle next year.
“Just as at the beginning of 2023 it seemed most likely to me that Bitcoin would reach USD 100,000 during 2024, today I see a scenario where we can easily talk about a high value, between USD 150,000 and USD 200,000 by 2025”
Sebastián Serrano, founder and CEO of Ripio
For Ripio’s head, with such a scenario, some small-cap altcoins could outperform BTC, ETH, and SOL. In his opinion, memecoins will be highlighted, as well as artificial intelligence (AI) tokens, real-world asset (RWA) tokenization projects and DePIN (decentralized physical infrastructure networks).
Different points argue their projections, such as the unprecedented number of pro-cryptocurrency legislators in the United States, rate cuts and the possible departure of Gary Gensler from the SEC.
He also highlights that there is a possibility, voiced by President-elect Donald Trump, that the country adopts BTC as a reserve asset. This “could generate a huge demand for bitcoins,” he exclaims.
Different price expectations for bitcoin coexist
“If the US bitcoin strategic reserve materializes, prepare for a 7-figure bitcoin this cycle,” has considered Adam Back, co-founder and CEO of BlockStream. This comes as US Senator Cynthia Lummis has proposed that the government sell gold to buy 1 million BTC.
However, it should be taken into account that, beyond some ambitious projections, more cautious bullish expectations predominate. The research company Bernstein, for example, does not rule out a rise to USD 200,000, while other specialists see even lower levels as possible maximums.
The Spanish trader Pablo Gil aims for a target of USD 142,000 for bitcoin in this bullish cycle, due to the impact of the halving. This event, which occurred in 2024 for the fourth time in history, has always unleashed an upward trend for the currency, with decreasing percentages of rise that would place the currency at the aforementioned level if it continues with its pattern.
According to the historical times between a halving and the maximums of a cycle, Gil sees the arrival at such a level as likely between April and October 2025. This forecast is also strengthened by the enthusiasm surrounding Trump’s electoral victory and the performance of exchange-traded funds (ETFs) of the currency in the economic power, indicates.
“I am calmly projecting bitcoin above USD 140,000,” said Iván Paz Chain, CEO of Trading Different. This comment took place in a interview about your expectations about the maximum that is displayed for the cycle.
In this sense, beyond the different figures projected in the market, there is a consensus that the upward trend of bitcoin in this cycle has not ended. Although, of course, this will depend on no black swan (unexpected event) disarming this panorama.
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