How high can the price of Bitcoin go?
Bitcoin (BTC) price surpassed $100,000 a day after President-elect Donald Trump nominated pro-crypto opponent Paul Atkins as chairman of the United States Securities and Exchange Commission.
On December 5, the top cryptocurrency rose by 4.95% to set a new record at around $103,640, bringing net returns of more than 50% since Trump was elected US president.
Most analysts are now expecting Bitcoin to continue rising above the $100,000 mark. But how high can Bitcoin go in the short to medium term?
Bitcoin price rises to 146,000 dollars – analyst
CryptoQuant CEO Ki Young Joo attributes Bitcoin's price spike to the flood of “hot capital” into the market.
Bitcoin ETF Cumulative Income Performance Chart. Source: Farside Investors
Ki points out that the increase in Bitcoin's realized cap – a measure of the total value of all coins based on their last movement – is the key reason behind the increase in the price of the ceiling represented by the red line on the chart.
Bitcoin price prediction based on actual cap. Source: CryptoQuant
“As the realized cap increased, the cap value increased from $129,000 to $146,000 in 30 days,” he said.
“At $102k, it's far from a bubble – it would need a 43% increase to hit the level that's usually considered a bubble.”
Source: Dave The Wave
Based on its historical performance and Fibonacci retracements, Bitcoin may be on track to reach $150,000 to $154,000.
In previous cycles, the currency has consistently broken the 1.618 Fibonacci extension level before entering higher extensions such as 2.618 and above.
BTC/USD weekly price chart. Source: TradingView
In the year Since December 5, Bitcoin has surpassed the 1.618 level at approximately $101,562, which corresponds to its current price of around $102,000. The breakout suggests that the next major milestone could be the 2.618 level near $154,250.
Bitcoin price will double – Bernstein analysts
Bernstein analysts project Bitcoin to reach $200,000 by the end of 2025.
Crypto advocate Atkins' appointment as SEC chairman under President Trump is expected to end the era of “regulation by enforcement,” encouraging US blockchain innovation and wider adoption of digital assets.
Source: Bitcoin Archive/X
Companies like BlackRock, with $50 billion in Bitcoin ETFs and MicroStrategy with more than $40 billion in BTC, highlight Bitcoin's commodity status, spot exchange-traded fund (ETF) approvals, and institutional adoption.
Bernstein believes that Bitcoin will replace gold as the top “store of value” asset, integrating into institutional portfolios and corporate treasuries.
$250,000 Bitcoin Price Possible by 2025 — Tom Lee
According to Tom Lee, co-founder of Fundstrat Global Advisors, Bitcoin could reach $250,000 by 2025.
Related: 3 Signs Bitcoin's ‘Parabolic Phase' Is About to Begin With $250K Target
In the year On November 29, Lee highlighted Bitcoin's price cycles, which are bound to block the subsidy halving as a key driver.
Bitcoin price performance posts halving. Source: TradingView
“The sweet spot starts at the end of this year and next year as supply cuts are implemented,” he said.
Lee remains optimistic, calling $250,000 in 12 months “very possible” based on historical price cycles.
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
