3 reasons why Bitcoin traders expect $100K+ BTC price by 2025
If Bitcoin maintains its typical post-halving trajectory, its price should be in the six-figure area by 2025. Bitcoin’s post-halving price behaviour suggests a “six-figure value” per BTC, as a popular technical indicator reveals a bullish pattern for the world’s largest cryptocurrency.
Econometrics, a crypto data source, reports that Bitcoin’s latest plunge below $50,000 places it inside its “post-halving growth trajectory range,” based on past price action (BTC $60,769). “If it returns to this range before year-end, we’re looking at a high likelihood of a six-figure value for one BTC,” they claimed, setting lofty goals for Bitcoin’s price.
“Well, assuming the same growth rate as the past three cycles, we would expect one BTC to be worth between $140,000 and $4,500,000 per coin, starting from $63,000.” From a technical standpoint, anonymous Bitcoin expert Rekt Capital said that Bitcoin’s recent comeback above $60,000 represented a significant shift in trend.
“Bitcoin is trying to solidify this recently broken downtrending resistance into a new trendline of support,” Rekt Capital wrote on X on August 12. The expert noted BTC’s rapid comeback a few days after it plummeted to $49,577 on August 5. Rekt Capital stated that the price has retested the support line, confirming “the end of the downtrend to precede trend continuation to the upside.”
“The key thing here is trend continuation.” The analyst emphasized the importance of “strong buy-side volume” whenever Bitcoin price retested the downtrend line to kickstart the rally. According to Bitcoin analyst Exel Adler Jr., the development of a bullish signal on the daily chart from the moving average convergence divergence indicator (MACD) may spark demand side activity.
The MACD, a trend-following oscillating indicator that indicates the connection between two moving averages of an asset’s price, gives a positive signal when it moves above its own nine-day EMA.
Adler Jr. uploaded a graphic on X on August 13 that showed the MACD deep in negative territory. The same event occurred on July 8, when the BTC price fell to $53,550. This was followed by a bullish MACD cross on July 12, with Bitcoin gaining 30% from its lows to retest $70,000 on July 29. On the daily period, the MACD is about to cross to the bullish side. If the same scenario repeats out, BTC might continue to recover and reach new highs.
Bitcoin investors return to “Hodling”
Analysts at market intelligence business Glassnode discovered a “holding preference is beginning to emerge” among long-term investors as the market gradually recovers from last week’s sell-off, reinforcing Bitcoin’s long-term optimistic prognosis. The researchers at Glassnode stated: “After several months of relatively heavy distribution pressures, the behavior of Bitcoin holders appears to be rotating back towards HODLing and accumulation.” The figure below demonstrates that, after a long period of supply dispersion, Bitcoin whales are “returning to a regime of accumulation.” Using the Accumulation Trend Score (ATS), a statistic that measures a weighted balance change throughout the market, Glassnode discovered that the indicator reached its maximum achievable value of 1.0. This shows that there has been a large accumulation during the past four weeks. “This metric also suggests there is a shift back towards accumulation dominant behavior.” This tendency was particularly noticeable among Long-term Holders , who, according to Glassnode, have resumed their propensity for HODLing. about the previous 90 days, about 374,000 BTC have migrated to LTH status. “Overall, onchain conditions indicate a strong level of conviction among Bitcoin holders.
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