A projection recently released by Bernstein brought very positive expectations about the future of the largest cryptocurrency on the market, Bitcoin (BTC). The projection suggests that BTC could reach the $150,000 price level in 2025.
Bernstein highlighted in his recent analysis the historical link between Bitcoin’s price and its marginal price/cost, which is considered a crucial metric.
According to data between the 2024-27 cycle, experts believe that the cryptocurrency will peak at $150,000 (the value is 4.5x the current price of around $34,000) in mid-2025. The move would imply 1.5 times the marginal cost of producing Bitcoin, second the analysis.
At the time of publication, the price of Bitcoin was quoted at US$34,675.80, up 0.7% in the last 24 hours. The cryptocurrency has recorded 2.7% growth in the last seven days.
Expert suggests Bitcoin is almost ready for parabolic rise
Pseudonymous analyst Credible Crypto recently shared analysis on a possible rise of Bitcoin (BTC). The crypto expert believes that the largest cryptocurrency on the market is preparing for a parabolic rise.
In a post, the analyst highlighted that the cryptocurrency appears to have printed a local bottom after touching support from a bullish pattern at $33,400. According to the analysis, Bitcoin will rise to around $39,000 before consolidating and rising above the $48,000 level.
“The current consolidation structure is forming a series of lower highs and higher lows – a triangular structure that, in an impulsive movement, is only found in the 4th wave. This adds more credibility to our lower count and also gives us a clear invalidation point (33.4k). If this is correct, our local bottom is in and we are about to launch in the 5th subwave (red) illustrated in the “map” below.”
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.