Bitcoin Predictions According to Crypto Analysts, Bullish?

Bittime - Bitcoin continues to be a hot topic in the world of digital assets. With dynamic price movements, many investors are looking for the latest bitcoin predictions to determine their next move. 

Several well-known crypto analysts have given their views on the potential for bitcoin prices to rise in the coming months.

CryptoQuant CEO Ki Young Ju insists that there will be no bearish market in 2025, while Peter Brandt mentions the main conditions for bitcoin to reach $200,000.

Meanwhile, Coinbase CEO Brian Armstrong offers a unique perspective by comparing bitcoin to meme coins. So, will the price of bitcoin continue to rise? Let's analyze it further.

Read also: Price Prediction for Cardano (ADA), Polkadot (DOT), and Solana (SOL)

CryptoQuant CEO: Bitcoin is Still in a Bullish Trend

According to Ki Young Ju, CEO of CryptoQuant, bitcoin is still in a bullish cycle. In an upload on X, he mentioned that even though the price of bitcoin fell from $110,000 to $77,000, the upward trend still applies.

He also highlighted the importance of fund inflows into Bitcoin ETFs. According to him, as long as more money flows into Bitcoin ETFs than flows out, the bullish trend will continue. 

If outflows exceed new investments over a long period of time, there is a possibility that the trend will turn bearish.

Peter Brandt: Bitcoin's Key to $200,000

Legendary trader Peter Brandt provides an interesting view of bitcoin price movements. In his technical analysis, he shows that bitcoin has formed a parabolic pattern since 2012.

Brandt emphasizes that if bitcoin can cross the parabolic resistance line, it is likely that the price of bitcoin could reach $200,000 before the end of this decade. However, if it is unable to break through this resistance, bitcoin could remain below that price in the next few years.

Coinbase CEO: Bitcoin is a “Meme Coin”?

Brian Armstrong, CEO of Coinbase, made a controversial statement by calling bitcoin a “meme coin of sorts.” Although he is not a meme coin trader, he acknowledges that the existence of digital assets such as bitcoin has significant cultural value.

He also mentioned that even though meme coins like Dogecoin get a lot of attention, bitcoin still has stronger fundamentals and wider adoption in the global financial ecosystem.

Read also: XRP Price Prediction to $60: Long-Term Price Target According to Analyst

Anthony Scaramucci: Bitcoin Could Reach $200,000 This Year

SkyBridge Capital CEO Anthony Scaramucci has a more optimistic outlook. In his interview with Saxo Bank, he predicts that the price of bitcoin could reach $200,000 by the end of 2025.

According to him, the United States' plan to build strategic bitcoin reserves could be a major driving factor. If the US government really buys and stores large amounts of bitcoin, this will further strengthen bitcoin's position as the world's leading digital asset.

Conclusion: Will Bitcoin Continue to Rise?

Based on analysis from experts, bitcoin still has great potential to continue to rise in the long term. 

Factors such as the inflow of funds into Bitcoin ETFs, technical patterns, and institutional adoption will greatly influence the movement of the bitcoin price going forward.

However, investors must remain vigilant to market volatility and external factors that could affect the price of bitcoin. By conducting in-depth analysis and following market trends, investment decisions can be more thoughtful and strategic.

FAQ

Can Bitcoin really reach $200,000?

Some analysts believe that Bitcoin could reach $200,000 if the bullish momentum continues and supporting factors such as ETFs and institutional adoption increase.

What causes Bitcoin's price to go up or down?

Bitcoin's price is influenced by market demand, regulation, interest rate policy, inflows into Bitcoin ETFs, and global sentiment towards digital assets.

Will 2025 be a bullish year for Bitcoin?

According to some analysts, the bullish trend will continue in 2025, especially if institutional investment increases and Bitcoin remains an attractive hedge asset.

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Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

coinspeaker.com, Bullish or Bearish? What Experts Think about Next Bitcoin (BTC) Price Movements , accessed February 24, 2025.

Author: AWW