Itâs safe to say that Bitcoinâs price has seen better days. Just a couple of days ago, it dropped to a low of around $63,400 â a point that was last observed about a month ago.
Since June 7th, the BTC price has lost about 11%, with altcoins tumbling even harder.
This hasnât deterred some analysts from remaining bullish, and CrediBULL Crypto is one of them.
The well-known crypto analyst with 400,000 followers on X took to the social media platform yesterday to share his thoughts on Bitcoinâs price.
CrediBULL said:
Source: CrediBULL Crypto, X
That said, for BTC to increase to $100K from its current point, the price needs to increase by a considerable 56.25%.
But CrediBULL is not the only one with a bullish bias.
Analysts from the well-known analytics firm Bernstein Research have recently changed their long-term price forecast for BTC to $200K by the end of 2025.
Itâs worth noting, however, that the firm had previously predicted that Bitcoin would reach $150K in the same period.
The analysts also outlined that spot Bitcoin exchange-traded funds might represent about 7% of the total circulating supply in 2025.
They said that this would likely be this cycleâs high, but after that, BTC may go to as high as $1 million by the year 2033. By that time, the ETFs might have captured a considerable 15% of the cryptocurrencyâs circulating supply at the time.
The post Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K appeared first on CryptoPotato.
Since June 7th, the BTC price has lost about 11%, with altcoins tumbling even harder.
This hasnât deterred some analysts from remaining bullish, and CrediBULL Crypto is one of them.
$100K Bitcoin Price Still Possible
The well-known crypto analyst with 400,000 followers on X took to the social media platform yesterday to share his thoughts on Bitcoinâs price.
CrediBULL said:
Source: CrediBULL Crypto, X
That said, for BTC to increase to $100K from its current point, the price needs to increase by a considerable 56.25%.
But CrediBULL is not the only one with a bullish bias.
Bernstein Sees Bitcoin Target $200K by 2025
Analysts from the well-known analytics firm Bernstein Research have recently changed their long-term price forecast for BTC to $200K by the end of 2025.
Itâs worth noting, however, that the firm had previously predicted that Bitcoin would reach $150K in the same period.
The analysts also outlined that spot Bitcoin exchange-traded funds might represent about 7% of the total circulating supply in 2025.
They said that this would likely be this cycleâs high, but after that, BTC may go to as high as $1 million by the year 2033. By that time, the ETFs might have captured a considerable 15% of the cryptocurrencyâs circulating supply at the time.
The post Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K appeared first on CryptoPotato.
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