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Bitcoin could reach $100,000 – $1 million in 2025; Expert analysis

Bitcoin could reach $100,000 - $1 million in 2025; Expert analysis

With Bitcoin (BTC) starting the week on a bullish note, much like the majority of assets in the cryptocurrency market, experts predict more gains to come, and some are confident that the maiden digital asset will surpass $100,000 in the next couple of years.

As it happens, pseudonymous cryptocurrency analyst PlanB, a.k.a. 100trillionUSD, reiterated the prognosis from earlier this year, arguing that Bitcoin’s halving event could trigger its move above $32,000, with the 2025 bull market culminating at $100,000 and beyond, in an X post published on September 18.

Indeed, as the expert pointed out, the November 2022 low was the bottom for Bitcoin, expecting it to rise towards the 2024 halving, particularly as it has already risen from $18,000 to $27,000 since January 12, when PlanB made the original prediction.

Bitcoin’s realized price. Source: 100trillionUSD

Therefore, the analyst believes that the 2024 halving will bring the largest crypto asset into a price range between $23,000 and $66,000, whereas the subsequent bull market in 2025 could trigger the run toward the range between $100,000 and as much as $1 million per unit.

Bitcoin price analysis

Meanwhile, Bitcoin was at press time trading at the price of $27,320, indicating a gain of 2.84% on the day, while increasing its value by 6.43% across the previous week, and advancing 5.41% on its monthly chart, according to the information retrieved on September 18.

Bitcoin 7-day price chart. Source: Finbold

Notably, Bitcoin has crossed a bullish cross for the first time in over a year, a bullish sign that has demonstrated itself in the recent recovery. Additionally, it still has 29 halving events remaining, each of them carrying the possibility of another rally.

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