Lots of people mentioning $100,000 as a price target. We hit $69,000 in the last bull market of 2021.
$100,000 is close to a guarantee. We are going much higher.
Of course we can see the peak momentum in the Bitcoin market this mid 2024-25 when the peak Bitcoin price will just touch the target. And it is very likely to rise to $150,000, bitcoin market those who are not yet touched by investment are quickly connected to investment. We can use this month of October as a stepping stone to hit the highest price in the Bitcoin market.
If the price of Bitcoin crosses $100K then its price will be likely to go up to $150K. After 2021, the Bitcoin price has been bearish for a long time, which is why bull market momentum will be more likely than any other year. We expect Bitcoin's ETFs trading approval and Bitcoin halving to accelerate bullish movement, which is why the upcoming Bitcoin bull market will be much stronger than other years. If the bull run is interrupted at the end of 2024, then the bull run can be expected in the first quarter of 2025. The bull run of 2024 and 2025 will certainly look different from other's. At the moment if the Bitcoin price rising interrupted in any way we will have to wait until the November US election.
The Q4 of this year is commonly expected to give Bitcoin a new price mark, the month of October is near to an end and clearly there has been some interesting movement already. Hitting a new all time high just before the year runs out is something we can put in accomplishing, no doubt it will happen and not even bothered to speculate on this short period of movement rather focused on the long bull run featuring 2025.
Where most concerns or expectations should be is in year 2025, above $100k has been accepted as the most realistic target for the price mark, $150k is also realistic going upward or even not touching the price mark. The most confident aspect is going through the bull run and hitting a new ATH.