Will Bitcoin reach $100,000 by 2025?
In fact, it is very difficult to predict the price of Bitcoin. A couple of days ago the price of Bitcoin dropped so much that it seemed that the price of Bitcoin could drop to $50k and many thought that it could drop further. But the price of Bitcoin has started to rise again, hitting $69k plus yesterday. However, market conditions look good, so many expect $100k by late 2024 or 2025. 2024 still has 5 months to go so hopefully $100k by the end of this year. But if not 100k in 2024 hopefully we will see bitcoin price $100k in 2025.
current market setup feels like it's very bullish with the presence of upcoming chinese ETF and US president candidate supporting BTC in the recent bitcoin conference
but the market has this behaviour of always dumping whenever an event occurs, just recently with bitcoin conference the price dumps instead but shortly after it went back.
the BTC price plunging to around $63k just to short squeeze people out of their money and went back to $69k in no time.
it's definitely confusing for most of us but overall i'm optimistic this is still bullish market.