Bitcoin rose to 130K before the New Year
2024-11-11

Bitcoin is in the sweet spot of its halving cycle, which has historically been associated with significant price growth.  Halving events, which reduce mining rewards, tend to divide bull markets into two distinct phases, creating predictable time patterns.  Based on this cycle, I predict that the price of Bitcoin could reach 130K - 150K between August or September 2025 if the bullish trend continues, but the volatility and growth potential need to be emphasized.

Many analysts have provided their bitcoin price forecasts.  Asset manager Vaneck has predicted that BTC could reach $3 million by 2050 if it becomes a reserve asset held by central banks around the world.  Analysts at Bernstein, meanwhile, predict BTC could reach $200,000 by the end of 2025.

From March to October 2024, Bitcoin kept offering buyers opportunities when its price was falling.  Bitcoin could surge as high as 130K on New Year's Eve, citing a bullish trend and the cryptocurrency's strong historical price action pattern.