Post Bitcoin Halving: $BTC Price Could Break $130,000 By 2025
2024-11-12Bittime - Bitcoin (BTC) is back in the spotlight after the halving in 2024. Even though the price experienced a decline, many analysts predict that this most popular cryptocurrency has the potential to achieve a significant price spike in 2025.
Some projections even say that Bitcoin could reach $130,000 (around Rp. 2,000,000,000) or higher in the coming year, following the historical pattern that has been formed so far.
Proven Bitcoin Price Patterns
Bitcoin is known for its very consistent price pattern following a four-year cycle. In general, after experiencing a bearish market (price decline) in the first year, Bitcoin tends to recover in the second year, followed by further development in the third year which coincides with the halving year, and finally reaches a price peak in the fourth year after the halving.
Currently, Bitcoin is in its third year of halving which indicates that Bitcoin price has the potential to follow the same pattern as the previous cycle.
Halving is an important event that occurs every four years, where the reward for Bitcoin miners is cut in half. This has the effect of reducing the supply of new Bitcoins on the market, which can increase prices due to supply shortages.
Bitcoin Price Projection in 2025
Looking at historical patterns, Bitcoin experienced an average increase of 125% in the same year as the halving occurred. If this trend continues, the price of Bitcoin is expected to reach almost $100,000 (around Rp. 1,500,000,000) by the end of 2024, considering that the price of Bitcoin at the beginning of this year was around $44,000 (around Rp. 660,000,000).
However, the biggest spikes usually occur in the year after the halving. Historically, in the following year, Bitcoin prices often increase sharply, even up to 400%.
This occurs as the market begins to adjust to the impact of the halving, and the supply shock is eventually reflected in prices. If this pattern repeats itself, the price of Bitcoin could soar to $130,000 (around IDR 2,000,000,000) in 2025, perhaps even higher.
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Factors Supporting Bitcoin's Rise
Apart from halving, there are several other factors that also support the increase in Bitcoin prices.
First, there is increasing institutional interest in Bitcoin, with many large companies starting to allocate funds to this asset. Second, the increasingly widespread adoption of Bitcoin as an alternative to fiat currency, as well as the introduction of investment products such as Bitcoin ETFs, makes access to the market increasingly open.
Bitcoin is also increasingly seen as a store of value that can fight inflation, given its decentralized nature and cap on 21 million coins. With more and more investors looking for safer assets amidst global economic uncertainty, demand for Bitcoin is expected to continue to increase.
Conclusion
Bitcoin has the potential to experience a significant price spike in 2025. With historical patterns continuing to repeat themselves and various supporting factors underlying demand, Bitcoin prices could reach $130,000 (around Rp. 2,000,000,000) or higher. For investors, it is important to focus on long-term dynamics and understand that Bitcoin has great potential in redefining the global financial system.
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