Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025
25 Settembre 2024 - 4:00AM
NEWSBTC
Optimism about the Bitcoin future outlook remains strong, with a
crypto analyst forecasting a massive $100,000 price increase for
the pioneer cryptocurrency. With expectations of an even greater
price surge, the analyst believes that a $100,000 ATH for Bitcoin
in 2025 is a nominal price target. Why Bitcoin Will Rise To
$100,000 In 2025 Luke Broyles, a prominent crypto analyst and
Bitcoin enthusiast recently dived into a discussion about the
relationship between Bitcoin’s price and inflation, specifically
how the United States (US) inflation affects the value of the
cryptocurrency over time. The analyst argues that by 2025,
Bitcoin’s nominal price could reach $100,000 due to inflation.
However, the extent of this price rally would barely reach levels
seen in 2021. Related Reading: Diamond Hand Ethereum Whale
Moves 15,000 ETH, Here’s The Destination Before making his $100,000
bullish forecast, Broyles predicted that Bitcoin could rise to
$65,000 soon. He compared his projected price leap to Bitcoin’s
price all-time high in 2021, which was above $69,000.
According to the analyst, the real value for the 2021 ATH, adjusted
for inflation, is actually $83,000 in today’s market. This implies
that even if Bitcoin’s current value surges to new levels around
$65,000, the cryptocurrency would not have the same purchasing
power it did in 2021. Broyles has projected that in the next six to
eight months, there will likely be more money printing, potentially
increasing inflation further. Subsequently, he predicts that this
rise in inflation could be a catalyst to pushing Bitcoin’s price to
$95,000. Commenting on the analyst’s predictions, a crypto
community member questioned his analysis of Bitcoin’s future
trajectory, highlighting that a $95,000 price increase was bearish.
Another crypto member claimed that inflation in the US is much
higher than what is reported, stating that “the real Bitcoiners”
believe that inflation is at least 21% per year, as such Bitcoin
should be worth $210,000. Responding to the member, Broyles
expressed skepticism about the 21% inflation claim but admitted
that inflation could be as high as 12%, 14%, and 16%
annually. In a previous post, Broyles analyzed the current
status of the Bitcoin bull market. According to the analyst, the
market cycle is halfway through, with 50% of the expected timeline
completed and 40% of potential returns achieved. Additionally,
Bitcoin’s market sentiment has developed only 10% and Fear Of
Missing Out (FOMO) has barely begun, at just 5%.
Analyst Predicts Next BTC Top On September 24, crypto analyst Ali
Martinez forecasted Bitcoin’s next market top in this cycle.
According to Martinez, if Bitcoin’s Long Term Power Law holds true,
the market can expect the cryptocurrency’s next peak to reach
$400,000. Related Reading: Analyst Predicts 8,500% Rally For
Cardano To Reach $31 As Indicators Turn Bullish The Bitcoin Power
Law is a concept or theory that suggests a specific mathematical
relationship between the price of Bitcoin and its market behavior
or adoption. As of writing, the price of Bitcoin is trading at
$63,807, reflecting an 8.76% increase over the past week.
Featured image created with Dall.E, chart from Tradingview.com
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