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Although the leading cryptocurrency Bitcoin (BTC ($96,570.39)) has been underperforming since mid-December, the rally expectation continues. At this point, there are many predictions for the BTC price, and CryptoQuant also announced the current forecast.
On-chain analytics platform CryptoQuant said in its latest weekly report that the BTC price is preparing for its next macro peak and revealed the price range it expects for BTC.
Bitcoin Will Reach At Least $145 Million This Year!
At this point, CryptoQunat analysts said that with the new US presidential administration, the mass capital flow will increase and allow Bitcoin to reach at least $145,000 this year.
“Given favorable regulatory, monetary and cyclical conditions, we expect capital to continue to flow into Bitcoin in 2025, driving up the BTC price.”
Continuing their expectation of an increase in Bitcoin, CryptoQuant analysts added that if history repeats itself, the realized market value of Bitcoin could reach $520 billion.
“The expansion in total capital invested in Bitcoin (realized market value) has a much greater impact on Bitcoin’s market value and price.
If the $520 billion figure for Bitcoin is realized, we expect the BTC price to reach between $145,000 and $249,000 in 2025.”
*This is not investment advice.
Continue Reading: CryptoQuant Announces Bitcoin (BTC) Price Target for 2025! “At Least $145,000…”
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