According to recent forecasts by Bernstein, the price of Bitcoin could reach $200,000 by 2025. This analysis highlights a potential growth exponential for the main cryptocurrency, which continues to attract the attention of investors and analysts.
Let’s see all the details below.
Summary
An exponential growth for the main crypto: the forecasts for the price of Bitcoin
As anticipated, according to the analysis company Bernstein, Bitcoin could reach a value of 200,000 dollars by 2025.
The company attributes this potential increase in value to the inflows derived from the ETF Spot Bitcoin products, approved in January of this year.
This forecast represents an increase compared to the previous estimate of 150,000 dollars made by the same Bernstein. Analysts also predict that Bitcoin ETFs will represent almost 7% of the entire Bitcoin supply by the end of next year.
Despite a recent market downturn, Bitcoin is still trading at over 65,000 dollars, according to CoinMarketCap.
The asset has become one of the most discussed topics in the financial sector after the approval of Spot ETFs earlier this year, bringing the token to reach an all-time high of 73,000 dollars in March.
Many companies expect the value of Bitcoin to continue changing. In particular, analysts Gautam Chhugani and Mahika Sapra wrote the following:
“Bitcoin ETFs are at the peak of approval by major private banking platforms in the third and fourth quarters of the year. Institutional trading seems to be a ‘Trojan horse’ for adoption, and these investors are considering ‘net long’ positions.”
Bernstein also notes that the Bitcoin ETFs have already brought in 15 billion dollars in net inflows. Analysts predict that issuing companies will reach 190 billion dollars in assets under management by next year.
However, it is expected that this figure could reach the impressive sum of 3 trillion dollars by 2033.
More predictions for BTC: the insights of Josh Olszewicz
Josh Olszewicz, a well-known cryptocurrency analyst, recently shared crucial insights on the future trend of Bitcoin’s price. In particular, he used two important technical analysis tools: the Ichimoku Cloud and the Bollinger Bands.
These indicators suggest key moments that could significantly influence the trajectory of Bitcoin’s price in the short and medium term.
Through the vision of the daily Ichimoku cloud, Olszewicz highlights a critical moment for Bitcoin as it navigates through this complex indicator.
We remind you that the Ichimoku Cloud is known for providing support and resistance levels, as well as indicating momentum and trend direction.
Currently, Bitcoin is trading near the edge of the cloud. This is a crucial point as a break above it could suggest a bullish outlook, while falling below the cloud usually signals a bearish momentum.
Olszewicz emphasizes a “do or die” scenario for Bitcoin, whose price is approaching the edge of the cloud. Moving on to the Bollinger Bands, Olszewicz discusses another potential turning point.
The Bitcoin chart shows a narrowing of these bands around the current price level, a phenomenon that could anticipate a significant price movement, known as “Bollinger band squeeze”.
The fact that Bitcoin is just above the median line (the 20-period moving average) of the Bollinger Bands indicates a tenuous balance between buying and selling forces.
However, the narrowing of the bands is particularly significant because it could lead to a breakout or a breakdown decisive, depending on other market factors and trader sentiment.
If Bitcoin were to fall below the median line, the next support could be found in the lower Bollinger band, currently positioned around $51,792. This could represent a significant price decline.
On the contrary, if Bitcoin were to bounce off the median line and gain upward momentum, it could aim for the upper Bollinger band, located around $76,684, indicating a potential rally.
