The crypto bull run is back in the spotlight as the world’s largest cryptocurrency, Bitcoin shows renewed momentum. Bitcoin has been riding a wave of optimism fueled by growing institutional adoption, increasing geopolitical tension and of course, Donald Trump’s win in the U.S. presidential election. The current price rally escalated right after Trump’s victory due to his promising policies for Bitcoin and domestic cryptocurrency developments.
Now as Bitcoin price is keeping up with the bullish momentum, both the investors and analysts are speculating whether it can break the $100,000 milestone. Not just in the short term but as a precursor to even greater heights by 2025.
Bitcoin (BTC) Price Surging to $98,000
Over the past few weeks, BTC has gained significant ground with it breaking through several key resistance levels and maintaining its upward trajectory. According to coinmarketcap data, Bitcoin (BTC) is currently trading close to $98,000 and barely $2,000 away from breaking the $100,000 price mark.
It appears that Bitcoin price has primed for a historic rally as trading volumes surge and market sentiment remains overwhelmingly bullish. This surge was attributed to a combination of various macroeconomic factors including increasing confidence in Bitcoin as a digital store of value.
Bitcoin Possibly Hitting $100,000 This Week
Now as all eyes are on Bitcoin, it is imminent that the BTC price could breach the $100,000 psychological barrier this week. The current market data suggests strong buy-side pressure with whales accumulating BTC and retail investors flocking to the market. In addition, major key technical indicators are also pointing towards its continued bullish momentum.
Bitcoin’s Relative Strength Index (RSI) indicates that while the asset is nearing overbought territory, the rally still has room to run. Additionally, on-chain data reveals a decline in BTC held on exchanges – suggesting that investors are withdrawing and holding BTC on external wallets for further price appreciation.
If Bitcoin does cross the $100,000 mark, it will mark a pivotal moment in its history, signaling a new era of adoption and price discovery.
Could Bitcoin Surge Beyond $100,000?
The $100,000 milestone is not the endgame but rather a stepping stone for Bitcoin’s long-term potential. By 2025, several factors could propel BTC well beyond this level:
- Increased Institutional Adoption: With spot Bitcoin ETFs, corporate treasury allocations and sovereign wealth funds are increasingly embracing Bitcoin. This push is significantly amending the demand for its outstrip supply.
- Potential Crypto-Friendly Policies: The upcoming U.S. President Donald Trump could adopt a more crypto-friendly stance during his term, as he has promised. Such policies could severly boost institutional confidence and catalyze adoption on a global scale with its price rising beyond $100,000.
- Global Economic Trends: Amid ongoing inflationary concerns and geopolitical uncertainties, Bitcoin’s appeal as a decentralized and finite asset is likely to grow. Several countires are adopting Bitcoin and including it into their national treasuries – suggesting that countries could race in accumulating more BTC.
Moreover, several analysts are projecting that Bitcoin’s price could range between $150,000 and $300,000 by 2025 – Although depending on market conditions, regulatory clarity and broader adoption trends.
How Long Bitcoin Will Sustain Above $100,000?
Whether Bitcoin will sustains above $100,000 or not depends on a combination of factors including continued institutional adoption and market sentiment. Historically, Bitcoin has experienced significant volatility after reaching major milestones, often driven by profit-taking and regulatory developments.
With increasing scarcity following the 2024 halving and growing demand in global markets, it is likely that BTC could find strong support above $100,000 for the next couple years. If key catalysts like ETF approvals, pro-crypto policies and broader adoption materialize, Bitcoin may establish $100,000 as a new baseline rather than a temporary peak.
Final words
The possibility of Bitcoin surpassing $100,000 this week has captivated the crypto market but the real question is whether BTC can sustain its momentum and achieve even greater heights. While risks such as regulatory hurdles and market corrections remain hurdles, the factors driving Bitcoin’s current rally suggest a strong foundation for long-term growth. The $100,000 threshold solidifies Bitcoin’s position as a transformative asset in the global financial ecosystem.
Also Read: Crypto Awaits Bitcoin $100k Landmark with Bated Breath and Memes
