Analysts’ projection of Bitcoin’s future reflects growing optimism about its growth potential, supported by its historical performance and the halving cycle. Although its volatility and market conditions continue to be determining factors in its evolution.
The veteran trader and chart expert Peter Brandt shared his optimistic view on the future of Bitcoin on Sunday, after the cryptocurrency hit new all-time highs.
In his post via the According to Brandt, when Bitcoin “decides to rise”, it does so with strength and determination, which has been a constant in its history.
Using a Bayesian “time/price” probability model, Brandt presented a projection in which Bitcoin could reach $125,000 by the end of 2024. This model is based on the idea that past patterns of price behavior can serve as indicators of future movements. In this case, Bitcoin’s behavior between January and March 2024 acts as a “recognition” or base pattern that could predict a similar rise in the future, provided conditions are favorable.
In addition, Brandt recalled that bitcoin is currently in the “optimal zone” of its halving cycle, an event that has historically been linked to sharp increases in cryptocurrency prices. During these halving events, Bitcoin mining rewards are reduced, typically creating a bull cycle.
The Guru’s Analysis
Brandt predicts that, following this pattern, the price of bitcoin could reach between $130,000 and $150,000 by August or September 2025, as long as the bullish trend continues. However, he also emphasized the inherent volatility of Bitcoin, which means his predictions should be taken with a grain of salt.
Meanwhile, other analysts are also optimistic about the future of Bitcoin. Asset management firm Vaneck projects that the cryptocurrency could reach $3 million by 2050, should it become a global reserve asset, held by central banks.
On the other hand, Bernstein analysts estimate that Bitcoin could reach $200,000 by the end of 2025, while JP Morgan is also positive about its performance in the near future, predicting bullish behavior towards 2025.
The growing confidence of analysts in Bitcoin’s growth potential reinforces its position as one of the most influential cryptocurrencies with the greatest projection in the coming years. However, market uncertainty and volatility will always remain key factors that could alter the course of the cryptocurrency, although its upward trend remains one of the most watched by investors.
Source: Ambito
