Trading & Financial News
No Result
View All Result
Friday, April 18, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Crypto

Bitcoin Price Prediction as Crypto Analyst Says BTC Still on Track to Hit $100,000 by 2025 – Time to Buy?

by Tradinghow
August 4, 2023
in Crypto, Stock Trading
A A
0
Bitcoin Price Prediction as Crypto Analyst Says BTC Still on Track to Hit 0,000 by 2025 – Time to Buy?
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Bitcoin, the world’s largest cryptocurrency, experienced a minor dip of over 1% but managed to maintain its position above the critical $29,000 mark. 

Despite showing stability within a specific price range, it lacked significant buying interest as traders eagerly awaited the US Securities and Exchange Commission’s decision on approving spot bitcoin ETF applications.

Yesterday, Bitcoin experienced a short-lived increase up to $30,000 due to positive updates regarding US Treasuries and Microstrategy’s plan to purchase Bitcoin. 

However, a significant downturn happened when a news website reported potential fraud charges against Binance, a major cryptocurrency exchange, which caused the price to decrease. the price to decrease.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

According to a crypto executive, despite recent declines, Bitcoin is anticipated to exceed $100,000 by 2025. 

This optimistic projection is based on the historical price increases that took place after previous halving events, with the next one set for April 2024.

However, a more careful prediction suggests that the value may reach $105,000 within one year after the halving event.

What Experts are Saying about Bitcoin’s Future Price After the Halvingalving

A cryptocurrency expert predicts that Bitcoin will exceed $100,000 in value by 2025. 

This projection is based on the upcoming halving event scheduled for April 2024, which will reduce miners’ rewards and potentially lead to price increases driven by scarcity. 

Previous data from past halvings shows substantial price jumps, with increases of 8,069%, 284%, and 559% recorded within a year of the 2012, 2016, and 2020 halvings, respectively.

Fundstrat Global Advisors predicts that Bitcoin’s price could reach anywhere between $140,000 to $180,000 before the upcoming halving, due to an anticipated demand from a crypto ETF. 

Bitcoin’s limited supply and increasing interest rates have resulted in a significant 77% surge in 2023. However, external factors such as macroeconomic conditions could still affect Bitcoin’s price trajectory after halving.

This news could potentially boost investor confidence, as halving’s limited supply may lead to increased demand and contribute to a rise in BTC prices

Bitcoin Price Prediction 

Bitcoin‘s market movements were analyzed in a 4-hour timeframe, showing a limited trading range. The digital currency faced resistance at around $30,000 and established support at $29,000. 

At present, key technical indicators such as the RSI and MACD suggest a bearish outlook for Bitcoin.

Bitcoin Price Chart – Source: Tradingview

Bitcoin’s price has recently experienced a downward trend, causing it to hit the $29,100 mark. 

This could potentially lead to a further decrease and a drop to $28,700. However, there is a chance that Bitcoin may find support around $28,700 during the ongoing decline. 

Should it manage to fall below this level, the next target could be at $28,200.

Top 15 Cryptocurrencies to Watch in 2023

Stay informed about the latest initial coin offering (ICO) projects and alternative cryptocurrencies by regularly exploring our carefully selected collection of the top 15 digital assets to watch in 2023.

This thoughtfully curated list has been compiled by industry experts from Industry Talk and Cryptonews, ensuring that you receive professional recommendations and valuable insights.

Stay ahead of the game and discover the potential of these cryptocurrencies as you navigate the ever-changing world of digital assets.

Find The Best Price to Buy/Sell Cryptocurrency

Cryptocurrency Price Tracker – Source: Cryptonews

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.





Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

April 18, 2025
Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

April 18, 2025
TransPacific Cargo Trade Decimated by Trump’s Tariff War

TransPacific Cargo Trade Decimated by Trump’s Tariff War

April 18, 2025
GITEX Nigeria 2025: Government Support Fuels New Tech Era

GITEX Nigeria 2025: Government Support Fuels New Tech Era

April 17, 2025

Recent News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

April 18, 2025
Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

April 18, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In