Analysts: Bitcoin bull market may continue after 2025

Citing the logarithmic chart, they have predicted price targets of $157,000 and even $315,000 for Bitcoin.

Analysts from Matrixport, a blockchain company based in Singapore, have shared their views on the future of Bitcoin. They suggest that the current bull market for Bitcoin might continue even after 2025. This optimism comes in light of Wall Street's increasing involvement in the digital currency market.

Historically, Bitcoin tends to experience significant price corrections, often falling by at least 70% after three years of substantial gains. However, the expected approval of a Bitcoin Exchange Traded Fund (ETF) in 2024 is a game changer. This move is set to attract more institutional investors into the market.

These large-scale investors are showing a willingness to hold Bitcoin for longer periods compared to retail investors. They are also embracing the more transparent regulations governing Bitcoin trading. This shift suggests they are likely to continue investing large amounts of money into Bitcoin over the coming years.

Using a logarithmic chart to analyze trends, these analysts have set ambitious price targets for Bitcoin. They predict it could reach values as high as $157,000 and possibly even $315,000 in the future.

This analysis paints an optimistic picture for Bitcoin's trajectory, reflecting confidence in its long-term prospects. With institutional players entering the market, the dynamics of Bitcoin investment are changing and may lead to sustained upward momentum.

News Bitcoin

0 Comments