Crypto Expert Predicts Bitcoin Will Rise 60% to Reach $150,000 by 2025

Renowned cryptocurrency analyst Michaël van de Poppe predicts that Bitcoin (BTC) could reach $150,000 by 2025, indicating a potential 60% increase from current levels.

This forecast is based on Bitcoin’s exceptional performance in 2024, a year in which BTC surpassed the $100,000 mark and achieved several significant highs, including a rise to $73,000 following the approval of spot Bitcoin ETFs in January.

Van de Poppe attributes the anticipated growth of Bitcoin to macroeconomic factors, such as the global expansion of the money supply and difficulties within the U.S. economy.

He anticipates a weakening labor market and a possible recession in 2025, both of which could lead to rapid growth in the U.S. money supply, thereby boosting Bitcoin’s momentum.

However, the journey to $150,000 is expected to encounter challenges. The analyst forecasts a market correction of approximately 30% in Q1 2025 before Bitcoin stabilizes in the $150,000 range, with the market expanding further into 2026.

Wider Industry Predictions: $200K or $500K for BTC?

While Van de Poppe’s outlook is optimistic, other analysts and institutions have set even higher targets. Crypto asset management firm Bitwise predicts Bitcoin will reach $200,000 by 2025.

Additionally, the potential for the U.S. to adopt Senator Cynthia Lummis’ proposal for a strategic Bitcoin reserve could drive BTC to an unprecedented $500,000, according to market experts.

Despite Bitcoin’s bullish trend, the spot Bitcoin ETF market has experienced limited activity. Data from Farside Investors indicates outflows totaling $415.1 million on December 30, with Fidelity’s FBTC and Grayscale’s GBTC leading withdrawals at $154.6 million and $134.5 million, respectively.

Nonetheless, BlackRock’s IBIT has emerged as a significant player, holding $52.4 billion in Bitcoin.

Bitcoin Short-Term Outlook: Technical Analysis

Bitcoin is currently trading at $94,171.15, down 1.25% in the last 24 hours, with a trading volume of $28.57 billion. The 4-hour chart indicates a descending triangle pattern, reflecting bearish sentiment and resistance consolidating around the $95,000 level. The 50-day EMA at $94,870 adds to the selling pressure.

Support is identified at $92,000, where a double-bottom pattern provides short-term stability. A breakdown below this level could expose BTC to further declines towards $89,613 and $87,314. Conversely, breaking above $95,000 may trigger a move towards resistance levels of $98,322 and $100,234.

The RSI at 49 indicates neutral momentum, allowing for significant directional movements. Traders are closely monitoring volume levels to determine whether Bitcoin will break above $95,000 or fall below critical support at $92,000.

Key Insights:

• Resistance Levels: Key obstacles at $95,000, $98,322, and $100,234.
• Support Zones: Immediate support at $92,000, with additional levels at $89,613 and $87,314.
• Market Indicators: Descending triangle and double-bottom patterns indicate opposing forces in BTC’s trajectory.

You may also find interest in Bitcoin Price Prediction 2024 – 2034

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