{"id":484,"date":"2023-02-06T18:02:34","date_gmt":"2023-02-06T23:02:34","guid":{"rendered":"https:\/\/embarrdowns.com\/bitcoin-price-rally-continues-could-reach-100000-by-2025\/"},"modified":"2023-02-06T18:02:35","modified_gmt":"2023-02-06T23:02:35","slug":"bitcoin-price-rally-continues-could-reach-100000-by-2025","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/bitcoin-price-rally-continues-could-reach-100000-by-2025\/","title":{"rendered":"Bitcoin Price Rally Continues: Could Reach $100,000 by 2025?"},"content":{"rendered":"

As of late, Bitcoin has been trading at $23,293 with a 0.50% dip in the last 24 hours and a 24-hour trading volume of $15 billion.[0]<\/a><\/sup> It has the top position according to CoinMarketCap’s ranking and a market capitalization of $449 billion.[0]<\/a><\/sup> A comparison of Bitcoin and the Nasdaq 100 by Bloomberg Intelligence’s senior macro strategist Mike McGlone suggests that the crypto market could be in for its first real recession, leading to lower asset prices and higher volatility.[1]<\/a><\/sup> <\/p>\n

Cathie Wood, the Senior Analyst at ARK Investment Management, believes that the blockchain technology behind Bitcoin didn’t miss a beat and could see a surge in value over the next decade.[2]<\/a><\/sup> Wood’s prediction is that Bitcoin could reach $1.48 million by 2030, a 6,326% increase from its current price.[3]<\/a><\/sup><\/p>\n

Additionally, 39% of respondents from ARK’s survey predict that the price of Bitcoin could reach $69,000 by the end of 2023, with 76% believing that it will happen within the next five years.[4]<\/a><\/sup> Furthermore, the firm’s bear case for Bitcoin is that its value will increase to $258,500 by 2030.[2]<\/a><\/sup> <\/p>\n

The Consumer Price Index (CPI) data for January has yet to be released and could have a major impact on the market. If the data suggests that inflation is not slowing down as expected, then it could be beneficial for the US dollar and unfavorable for risk-on assets.[5]<\/a><\/sup> <\/p>\n

Popular trader Crypto Tony argues that even if this is the start of a bull market, it is still possible to make a safe investment by buying at a higher low point after a decrease in value.[6]<\/a><\/sup> TradingView data shows that since the start of the year, Bitcoin has gained 41.45%.<\/p>\n

Meanwhile, some believe that Bitcoin could reach $100,000 by 2025.[4]<\/a><\/sup> Furthermore, Twitter commentary suggests that 620,000 small Bitcoin addresses have reappeared since January 13th when the price regained $20,000.[7]<\/a><\/sup><\/p>\n

Overall, Bitcoin has had a strong start to the year, with its price increasing from $16,615 to $23,502, a gain of 41.45%.[8]<\/a><\/sup> It remains to be seen if the market can sustain the 200 EMA support or if the current rally will come to an end. Investors should keep an eye on the CPI data to be released in the coming weeks.<\/p>\n

0. <\/span>“Bitcoin Price Prediction as $20 Billion Trading Volume Comes In \u2013 Can BTC Reach $30,000 This Month?” Cryptonews, 5 Feb. 2023, https:\/\/cryptonews.com\/news\/bitcoin-price-prediction-as-20-billion-trading-volume-comes-can-btc-reach-30000-month.htm<\/a><\/a><\/p>\n

1. <\/span>“Bloomberg Compares Bitcoin to Nasdaq 100, Says Its Likely To Face Price Downturn” Techgenyz, 6 Feb. 2023, https:\/\/www.techgenyz.com\/2023\/02\/06\/bloomberg-compares-bitcoin-to-nasdaq-100\/<\/a><\/a><\/p>\n

2. <\/span>“Bitcoin could hit $1.5 million in just 7 years according to a new report from Cathie Wood\u2019s ARK Invest” Yahoo! Voices, 1 Feb. 2023, https:\/\/www.yahoo.com\/now\/bitcoin-could-hit-1-5-211052974.html<\/a><\/a><\/p>\n

3. <\/span>“40% Of Bitcoin Investors Foresee ‘Crash’ in the Next 6 Months: Survey” Watcher Guru, 6 Feb. 2023, https:\/\/watcher.guru\/news\/40-of-bitcoin-investors-foresee-crash-in-the-next-6-months-survey<\/a><\/a><\/p>\n

4. <\/span>“Institutional Investors Forecast ‘Strong Year’ for Bitcoin \u2014 65% Expect BTC to Hit $100K, Survey Shows \u2013 Markets and …” Bitcoin News, 29 Jan. 2023, https:\/\/news.bitcoin.com\/institutional-investors-forecast-strong-year-for-bitcoin-65-expect-btc-to-hit-100k-survey-shows<\/a><\/a><\/p>\n

5. <\/span>“Bitcoin price may retest $20K on US CPI amid absence of soft landing \u2014 trader” Cointelegraph, 5 Feb. 2023, https:\/\/cointelegraph.com\/news\/bitcoin-price-may-retest-20k-on-us-cpi-amid-absence-of-soft-landing-trader<\/a><\/a><\/p>\n

6. <\/span>“Bitcoin (BTC) drops below $23,000. <\/span>Can BTC go below $20,000?” The News Minute, 6 Feb. 2023, https:\/\/www.thenewsminute.com\/article\/crypto\/bitcoin-btc-drops-below-23000-can-btc-go-below-20000-172920<\/a><\/a><\/p>\n

7. <\/span>“Bitcoin (BTC) Will Reach $25,000, But Another Thing Is Happening First, Mike Alfred Says” U.Today, 6 Feb. 2023, https:\/\/u.today\/bitcoin-btc-will-reach-25000-but-another-thing-is-happening-first-mike-alfred-says<\/a><\/a><\/p>\n

8. <\/span>“Three reasons why Bitcoin price analysis hints at a pullback to this level” FXStreet, 31 Jan. 2023, https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/three-reasons-why-bitcoin-price-analysis-hints-at-a-pullback-to-this-level-202301310335<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As of late, Bitcoin has been trading at $23,293 with a 0.50% dip in the last 24 hours and a 24-hour trading volume of $15 billion.[0]<\/a><\/sup> It has the top position according to CoinMarketCap’s ranking and a market capitalization of $449 billion.[0]<\/a><\/sup> A comparison of Bitcoin and the Nasdaq 100 by Bloomberg Intelligence’s senior macro strategist Mike McGlone suggests that the crypto market could be in for its first real recession, leading to lower asset prices and higher volatility.[1]<\/a><\/sup> <\/p>\n

Cathie Wood, the Senior Analyst at ARK Investment Management, believes that the blockchain technology behind Bitcoin didn’t miss a beat and could see a surge in value over the next decade.[2]<\/a><\/sup> Wood’s prediction is that Bitcoin could reach $1.48 million by 2030, a 6,326% increase from its current price.[3]<\/a><\/sup><\/p>\n

Additionally, 39% of respondents from ARK’s survey predict that the price of Bitcoin could reach $69,000 by the end of 2023, with 76% believing that it will happen within the next five years.[4]<\/a><\/sup> Furthermore, the firm’s bear case for Bitcoin is that its value will increase to $258,500 by 2030.[2]<\/a><\/sup> <\/p>\n

The Consumer Price Index (CPI) data for January has yet to be released and could have a major impact on the market. If the data suggests that inflation is not slowing down as expected, then it could be beneficial for the US dollar and unfavorable for risk-on assets.[5]<\/a><\/sup> <\/p>\n

Popular trader Crypto Tony argues that even if this is the start of a bull market, it is still possible to make a safe investment by buying at a higher low point after a decrease in value.[6]<\/a><\/sup> TradingView data shows that since the start of the year, Bitcoin has gained 41.45%.<\/p>\n

Meanwhile, some believe that Bitcoin could reach $100,000 by 2025.[4]<\/a><\/sup> Furthermore, Twitter commentary suggests that 620,000 small Bitcoin addresses have reappeared since January 13th when the price regained $20,000.[7]<\/a><\/sup><\/p>\n

Overall, Bitcoin has had a strong start to the year, with its price increasing from $16,615 to $23,502, a gain of 41.45%.[8]<\/a><\/sup> It remains to be seen if the market can sustain the 200 EMA support or if the current rally will come to an end. Investors should keep an eye on the CPI data to be released in the coming weeks.<\/p>\n

0. <\/span>“Bitcoin Price Prediction as $20 Billion Trading Volume Comes In \u2013 Can BTC Reach $30,000 This Month?” Cryptonews, 5 Feb. 2023, https:\/\/cryptonews.com\/news\/bitcoin-price-prediction-as-20-billion-trading-volume-comes-can-btc-reach-30000-month.htm<\/a><\/a><\/p>\n

1. <\/span>“Bloomberg Compares Bitcoin to Nasdaq 100, Says Its Likely To Face Price Downturn” Techgenyz, 6 Feb. 2023, https:\/\/www.techgenyz.com\/2023\/02\/06\/bloomberg-compares-bitcoin-to-nasdaq-100\/<\/a><\/a><\/p>\n

2. <\/span>“Bitcoin could hit $1.5 million in just 7 years according to a new report from Cathie Wood\u2019s ARK Invest” Yahoo! Voices, 1 Feb. 2023, https:\/\/www.yahoo.com\/now\/bitcoin-could-hit-1-5-211052974.html<\/a><\/a><\/p>\n

3. <\/span>“40% Of Bitcoin Investors Foresee ‘Crash’ in the Next 6 Months: Survey” Watcher Guru, 6 Feb. 2023, https:\/\/watcher.guru\/news\/40-of-bitcoin-investors-foresee-crash-in-the-next-6-months-survey<\/a><\/a><\/p>\n

4. <\/span>“Institutional Investors Forecast ‘Strong Year’ for Bitcoin \u2014 65% Expect BTC to Hit $100K, Survey Shows \u2013 Markets and …” Bitcoin News, 29 Jan. 2023, https:\/\/news.bitcoin.com\/institutional-investors-forecast-strong-year-for-bitcoin-65-expect-btc-to-hit-100k-survey-shows<\/a><\/a><\/p>\n

5. <\/span>“Bitcoin price may retest $20K on US CPI amid absence of soft landing \u2014 trader” Cointelegraph, 5 Feb. 2023, https:\/\/cointelegraph.com\/news\/bitcoin-price-may-retest-20k-on-us-cpi-amid-absence-of-soft-landing-trader<\/a><\/a><\/p>\n

6. <\/span>“Bitcoin (BTC) drops below $23,000. <\/span>Can BTC go below $20,000?” The News Minute, 6 Feb. 2023, https:\/\/www.thenewsminute.com\/article\/crypto\/bitcoin-btc-drops-below-23000-can-btc-go-below-20000-172920<\/a><\/a><\/p>\n

7. <\/span>“Bitcoin (BTC) Will Reach $25,000, But Another Thing Is Happening First, Mike Alfred Says” U.Today, 6 Feb. 2023, https:\/\/u.today\/bitcoin-btc-will-reach-25000-but-another-thing-is-happening-first-mike-alfred-says<\/a><\/a><\/p>\n

8. <\/span>“Three reasons why Bitcoin price analysis hints at a pullback to this level” FXStreet, 31 Jan. 2023, https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/three-reasons-why-bitcoin-price-analysis-hints-at-a-pullback-to-this-level-202301310335<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":483,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/484"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=484"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/483"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}