Crypto Bull Run 2024: How High Can Bitcoin Price Go By Year End
The post Crypto Bull Run 2024: How High Can Bitcoin Price Go By Year End appeared first on Coinpedia Fintech News
The crypto market is back in its form with Bitcoin showing signs of a bigger breakout as expected by the year’s end. Altcoin Daily’s latest video breaks down Bitcoin’s explosive momentum and what could drive its price to $250,000 by the end of 2025.
Starting with Bitcoin hovering near the $100,000 mark, the analyst emphasizes this as a psychological milestone and a potential launchpad for further gains. Bitcoin predictions suggest BTC to hit $125,000 by Christmas, showcasing a huge investor interest and new adoptions before the year’s end.
Is Santa rally on the way? Let’s get into the facts!
Trump’s Bitcoin Push Spurs Optimism
One of the key drivers of this rally is former President Trump’s pro-crypto stance. Trump has proposed creating a strategic Bitcoin reserve, modeled after the Strategic Petroleum Reserve, using the government’s existing 200,000+ Bitcoin from asset forfeitures. Plus, plans to replace SEC Chair Gary Gensler with a crypto-friendly leader and establish a White House crypto policy post signal a major policy shift.
Van Eck also credits Bitcoin’s (BTC) epic rally to Trump’s crypto-friendly vibes, sparking a wave of market optimism. With institutional interest heating up, analysts are eyeing a massive push, predicting BTC could hit $180,000 in just 18 months.
What’s Fueling Bitcoin’s Parabolic Rally?
Historical Bitcoin’s Parabolic Rally is still in its early stages. However, the trends suggest months of bullish momentum ahead, with investors eagerly eyeing the $100,000 milestone. If Bitcoin holds above $93,500, a breakout past $100,000 could be imminent, signaling the next phase of its rally. Meanwhile, Bitcoin ETFs are creating consistent buying pressure from retail investors, and the shrinking supply on exchanges is further limiting availability.
Charles Edwards highlights that Bitcoin enters a parabolic growth phase roughly every four years, with the next phase expected to begin once Bitcoin surpasses the $100,000 mark.
A $250K Target: Is It Realistic?
The bold forecast from Medify CEO Frank predicts Bitcoin soaring to $250K by 2025 and possibly reaching $500K by 2027, driven by growing nation-state adoption, its role as a store of value, and rising institutional interest. Frank stresses that every dip is now a golden buying opportunity, as the market’s trajectory seems decisively upward.
While there are no immediate crash signals, it is advised to be cautious of market movement. Every BTC dip could be your ticket to gains within the next 18 months.
