Pioneering crypto asset Bitcoin (BTC) is showing an intense rise on the charts. In this context, it reached the highest level of the year at $68,912 on Tuesday. BTC has delivered excellent returns, rising nearly 50% in price over the last 30 days. The leading cryptocurrency saw an influx of funds after the SEC approved the BTC ETF in mid-January earlier this year.
The increase in the price of BTC, Cardano‘s ADA has lifted the broader cryptocurrency market to new yearly highs, with altcoins like Ripple’s XRP and VeChain’s VET delivering huge profits to investors. Meme-coins like Shiba Inu, Dogecoin, Pepe, and BONK nearly went to the moon with returns of more than 100%.
Now that Bitcoin is heading upwards, the leading cryptocurrency Will the unit break above the all-time high of $69,044? This news will highlight a price prediction for how high BTC could trade over the next 12 months or longer.
Bitcoin Could Reach $87,000: Finder Experts Predictions
As we reported as Koinfinans.com, Finder’s panel of cryptocurrency experts predicts that Bitcoin has the potential to rise above the $69,044 level. According to Finders, BTC could reach $87,125 next year in 2025. This represents an increase and return on investment (ROI) of approximately 35% from its current price of $65,000.
So, if Finders’ price prediction proves correct, a $10,000 investment made today could turn into $13,500. Finders placed a strong emphasis on Bitcoin’s previous performance and the upcoming halving event to predict its price. Additionally, BTC market cap surpassed the $1 trillion milestone again this month.
“Historically, Bitcoin halvings have followed a predictable 3-phase pattern,” said Pav Hundal, Chief Market Analyst at Swyftx. “We always saw an increase in price momentum in the months leading up to the halving, followed by a classic ‘sell the news’ event when it actually happened. “The third and final stage is when prices move towards the next bull run,” he summarized.
