Bitcoin Could Surge To $1.7 Million, According To CryptoQuant And Glassnode
22 Gennaio 2025 - 4:00PM
NEWSBTC
As Bitcoin continues to establish new milestones, including a
recent all-time high past the 108k mark, market analytics tools
like CryptoQuant and Glassnode offer predictions for its future
growth. Both sites demonstrate that Bitcoin still has a lot of room
to expand. CryptoQuant predicts a price range of $145,000 to
$249,000 by 2025, with Glassnode’s research indicating even higher
potential targets. Related Reading: $24 XRP Prediction: Bitcoin
Maxi Calls It Risky But Possible Market Analysis By CryptoQuant The
CryptoQuant analysis is based on a number of critical elements,
including institutional capital flows, a favorable regulatory
environment, and past cyclical trends. According to the analytics
platform, an anticipated flood of fresh capital might lift
Bitcoin’s price, using a realized cap multiplier that generally
varies between 2 and 6 during bull markets. This indicates that for
every dollar of fresh investment, Bitcoin’s market value may rise
by $2 to $6, indicating the possibility of large price increases.
It is a rosy forecast, but one that must be carefully considered in
light of market volatility. #Bitcoin‘s current cycle continues to
echo historical trends, particularly aligning with the 2015-2018
cycle.#BTC performance since the cycle low at the current stage of
the cycle (no. of days since low): ⚫️2022 Cycle+: +630% 🔵2015-2018
Cycle: +562%https://t.co/9YVv2m2I0p pic.twitter.com/vBSwC8qm5T —
glassnode (@glassnode) January 21, 2025 Glassnode’s Historical
Perspective Conversely, Glassnode emphasizes historical trends and
notes that the present trajectory of Bitcoin corresponds with the
2015–2018 cycle. Bitcoin surged in this cycle; if history repeats
itself, it may rise far higher. Glassnode’s projections, meanwhile,
are more speculative; some models suggest that Bitcoin might
perhaps hit $1.7 million, but this is quite improbable. These
projections predate on the idea that Bitcoin would keep growing at
its present pace. Technical Signs And Market Mood Technically,
Bitcoin’s recent price fluctuations indicate strong momentum.
Indicators like the Moving Average Convergence Divergence (MACD)
and Relative Strength Index (RSI) point to even greater upside
potential, with some experts predicting objectives of over
$125,000. However, holding onto current support levels is essential
to keeping momentum going. Any notable drop in Bitcoin’s price
would put investor trust in jeopardy. Global Economic Factors And
Risks Though the future seems bright, global economic events put a
heavy pressure on the price trajectory of Bitcoin. Rising
unemployment and geopolitical tensions could affect market
confidence; meanwhile, regulatory reforms remain a major issue.
Related Reading: Brains Not Working? Ethereum Foundation Under Fire
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