Although Bitcoin has remained on a sideways trend for the last 5 months, investors and analysts’ eyes are on the upcoming halving event. Excitement is at its peak as this event, which indicates that the Bitcoin supply will decrease by half, has historically significantly affected the BTC price. However, this excitement also leads to different opinions about where Bitcoin will go. Here are various Bitcoin predictions and details about experts’ expectations…
New Bitcoin predictions attracted attention: Record levels are expected
First of all, Alan Tardigrade made an ambitious prediction. Stating that he sees a “cup and handle” formation on Bitcoin charts, he puts forward an ambitious target of $ 130,000 by the end of the year. This is almost three times the current record. Various BTC price models are converging around $130,000 as an upside target, although their horizons are broader and they expect it to arrive in late 2025.
On the other hand, Charles Edwards’ expectation of 280 thousand dollars from Capriole Investments draws attention. Edwards predicts that Bitcoin could exceed $280,000 in 2025 based on past price cycles. This view argues that although Bitcoin has matured, it still has the potential to appreciate.
Additionally, famous investor Fred Krueger predicts that ETF investments will increase. Thus, he states that record levels ($64,000) can be reached in the next 2-3 months. This view suggests that the demand created by ETFs can quickly push the price up.
There are also more conservative estimates
On the other hand, 10X Research analyst Markus Thielen pointed to macroeconomic conditions and monetary policies. It also took into account factors such as US elections. Adding them up, he projects a more conservative target of $70,000 by the end of the year. This view emphasizes that other effects other than halving should also be taken into account. Different goals are put forward. However, the main expectation of analysts is that the Bitcoin price will enter an upward trend with the halving. The factors that support this expectation are:
- Decrease in supply, increase in demand: With the halving, supply is expected to decrease and demand to increase. This basic economic principle can pave the way for price increases.
- Impact of ETF investments: Investment in spot Bitcoin ETFs approved in the US continues. This increases demand and pushes the price up.
- US election cycle and historical data: In 2012, 2016 and 2020, when the halving and the election period overlapped, the Bitcoin price increased by an average of 192%. This points to a similar scenario.
Bitcoin investors face exciting and different expectations with the upcoming halving. While some predict aggressive rises, others are more conservative. However, the general trend is that the Bitcoin price may follow an upward trend as supply decreases and demand increases. It’s important to do your own research before investing and consider your risk tolerance.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.