Bitcoin has surpassed the $95,000 mark, with expert Mike Alfred predicting further gains, targeting $109,000 next. Recent fluctuations and strong investor support have been noted, and Alfred anticipates Bitcoin may even reach $315,000 by the end of 2025, representing a 229% increase from current levels. He cautions against betting against Bitcoin amidst this bullish momentum.
Bitcoin has now crossed the significant threshold of $95,000, observed by prominent Bitcoin advocate Mike Alfred. Earlier today, Alfred tweeted confidently that BTC would not only reclaim this price point but continue its upward trajectory. Shortly thereafter, Bitcoin soared to a daily peak of $95,768, showcasing its volatility and investor interest.
In recent days, Bitcoin has been teasing this $95,000 milestone, making several attempts to break through. For instance, on April 23, it came extraordinarily close to reaching the mark with a daily high of $94,535 before dropping to a low of $91,696. Today, however, Bitcoin overcame the psychological barrier and is trading around $95,500, marking a 2.64% increase over the past 24 hours.
Alfred, following this significant move, has set his sights on a new target for Bitcoin — $109,000. He is optimistic, claiming there’s nothing but clear skies and no substantial resistance between the two price points. Looking even further ahead, he suggests Bitcoin could potentially reach a staggering $315,000 with the same lack of resistance expected on that journey.
For perspective, Alfred first expressed his belief in Bitcoin hitting the $315,000 target back in January 2023 when the crypto was hovering around $16,000. He optimistically predicts that this milestone could be achieved by Q4 2025, marking a remarkable return for early investors.
To put this into context, reaching $315,000 implies a 229% hike from the current price of $95,500 — a feat that would elevate Bitcoin’s total market cap to approximately $6.25 trillion, provided that the circulating supply remains at around 19.85 million BTC.
Moreover, Alfred has been critical of Bitcoin bears, stating they are in ‘complete disarray’ following Bitcoin’s rise above $95,000. He cautions investors against betting against Bitcoin, asserting the asset has a tendency to counteract anyone attempting to downplay its value.
Disclaimer: This content is for information purposes only and should not be taken as financial advice. The opinions expressed here may reflect the author’s individual views, not necessarily those of The Crypto Basic. Always do your own research and consider your financial decisions carefully. The Crypto Basic accepts no responsibility for any financial losses incurred.
