Bitcoin
Top Analysts Predict Bitcoin Will Hit $125,000 by 2025, Here’s Why
Over the past week, Bitcoin has shown a lot of resilience recovering above the $60,000 zone after a significant decline below the $57,000 price zone. As Bitcoin bulls gain momentum to possibly start the crypto bull run, leading analyst and market expert Peter Brandt has backed BTC to reach a specific six-figure value by 2025.
No other market like Bitcoin, says Brandt
In a blog post on May 3, Pedro Brandt shared some insights into Bitcoin in celebration of its 50th anniversary of trading in futures markets. The veteran analyst described his experience with the first cryptocurrency as a “once-in-a-lifetime deal that will never be equaled.”
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Bitcoin – the trade of a lifetime
There has never been and never will be another asset like Bitcoin $BTC
Here’s perspective on my 50-year career as a professional traderhttps://t.co/fyHrGRRHLo pic.twitter.com/dwrBwtknqP-Peter Brandt (@PeterLBrandt) May 3, 2024
Brandt claims that Bitcoin is a unique asset compared to commodities like gold, cattle, iron ore, copper, and even other cryptocurrencies like altcoins and meme coins. He claims that BTC owes this uniqueness to its operational nature as well as price behavior.
Analyzing BTC’s price history, Brandt notes that the coin has repeatedly produced exponential gains in the past not seen with any other commercial asset. And although these gains are followed by significant corrections, the overall price performance sets BTC apart from other assets.
Another aspect of Bitcoin’s uniqueness, as highlighted by Brandt, is that the asset’s volatility is also evident in its downturns, resulting in declines of over 50% and even 75%. Therefore, Bitcoin exerts a special ability to generate substantial profits while at the same time causing significant losses.
Now, following the parabolic nature of BTC’s price, Brandt predicts that the asset is on track to reach $125,000 by 2025. Interestingly, if bulls maintain control of the market, the analyst believes that Bitcoin could rise as high as $300,000 beyond 2026.
Source: Peter Brandt on X
BTC Price Overview
At the time of writing this article, Bitcoin negotiations at $63,303, having encountered serious resistance in the $64,000 price zone. The first cryptocurrency currently appears to be in consolidation and could be preparing for another possible breakout.
If Bitcoin embarks on a bull run, investors will expect a return to its all-time high value of $73,750. However, in the advent of more selling pressure in the future, BTC could fall below $60,000 again. However, Bitcoin remains the diamond of the cryptocurrency bull season, with several analysts calling for the digital asset to trade above $100,000 in the next 12 to 15 months.
BTC trading at $63,405 on the daily chart | Source: BTCUSDT chart on Tradingview.com
Featured image from iStockphotos, chart from Tradingview