Bitcoin has surged past the 96,000 USD mark, reaching 96,550 USD, leading analysts to predict further gains beyond 100K. The next targets are set at 114K to 200K by late 2025, spurred by market bullishness, historical cycles, and institutional interest, including BlackRock’s latest initiatives to integrate blockchain in traditional finance.
Bitcoin’s price just broke through a significant barrier, hitting 96,550 USD after weeks of consolidation, and experts are buzzing with excitement. This bullish momentum is prompting analysts to speculate that Bitcoin (BTC) could soon pass the landmark 100,000 USD mark, possibly reaching even higher peaks in the near future. On-chain metrics and trends point towards a staggering increase as predictions suggest Bitcoin might soar to between 114,000 USD and 200,000 USD by the end of 2025.
After struggling against resistance at 95,500 USD for three sessions, Bitcoin rebounded up 2.78% on Wednesday. This momentous price increase not only invalidated previous resistance levels, marking the asset’s highest point since the last all-time highs, but it also sent waves of optimism through the market. Bitcoin’s position above the Keltner Channel upper boundary reflects strong bullish momentum which has led traders to aim for targets now in the range of 98,000 USD to 100,000 USD.
Despite Bitcoin’s apparent strength, with a Relative Strength Index (RSI) hovering around a daunting 88, it’s certainly overbought. The moving average of 76.60 for the RSI aids traders in confirming the rally’s power. What’s crucial is that consistent trading volume supports this upward trajectory without sudden speculative spikes. Continuing to maintain momentum above 96,000 USD could lead to even further price increases in the weeks ahead.
Analyst Ali Martinez is drawing attention to the MVRV Pricing Band, pointing out that Bitcoin’s recent breakout aligns with targets showing 114,230 USD as the next significant threshold. Should Bitcoin continue its upward trend, hitting this level may signal profit-taking among traders. Essentially, the MVRV bands help signify price extremes by comparing market value against realised value, confirming price actions during Bitcoin’s historic peaks and rallies.
In terms of long-term market behaviour, analysts like Cas Abbé are using historical cycle patterns to forecast. Observing that Bitcoin tends to peak 1,065 days after bottoming out, Abbé expects a considerable spike in price by Q4 2025. He believes, should the trend continue, Bitcoin could exceed 150,000 USD and potentially range between 180,000 USD to 200,000 USD amid rising retail and institutional demand.
In another noteworthy development, financial giant BlackRock has filed to tokenize its 150 billion USD U.S. Treasury Money Market Fund. This significant step is viewed as a push for integrating blockchain technology within traditional finance aiming for greater transparency and operational efficiency. If implemented successfully, it could bring vital support for Bitcoin, as institutions steadily warm up to blockchain infrastructure without directly trading cryptocurrencies.
With the 96,000 USD resistance level now a thing of the past, Bitcoin is seemingly geared toward reaching 100,000 USD soon. Analysts are increasingly confident. The MVRV model sees a mid-term target of 114,000 USD, while others like Abbé predict Bitcoin exceeding 150,000 USD by late 2025. Given stable trading volumes and favourable macroeconomic factors, the twelve months ahead look promising for Bitcoin reaching six figures.
Disclaimer: The views expressed in this article are solely those of the author and do not constitute investment or financial advice. Cryptocurrency trading and investment entail significant risks.
