It’s safe to say that Bitcoin’s price has seen better days. Just a couple of days ago, it dropped to a low of around ,400 – a point that was last observed about a month ago. Since June 7th, the BTC price has lost about 11%, with altcoins tumbling even harder. This hasn’t deterred some analysts from remaining bullish, and CrediBULL Crypto is one of them. 0K Bitcoin Price Still Possible The well-known crypto analyst with 400,000 followers on X took to the social media platform yesterday to share his thoughts on Bitcoin’s price. CrediBULL said: Our last impulse took us from K to K in 1.5 months. That’s a K move in about 50 days. The impulses that follow should be even more aggressive and we are trading at K. Our next impulse could send us to 0K within 30
Topics:
George Georgiev considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt
This could be interesting, too:
Andrew Throuvalas writes Bitcoin Miner CleanSpark (CLSK) Buys Out GRIID In 5 Million Stock Transaction
Martin Young writes Ethereum L2 Ecosystem Throughput Set to Outpace Solana by 100x in 5 Years: Analyst
Wayne Jones writes Dormant Bitcoin Miner Wallet Resurfaces After 14 Years, Transfers 50 BTC to Binance
Mandy Williams writes Coinbase Files Suits Against SEC, FDIC Over Compliance With Crypto Information Requests
It’s safe to say that Bitcoin’s price has seen better days. Just a couple of days ago, it dropped to a low of around $63,400 – a point that was last observed about a month ago.
Since June 7th, the BTC price has lost about 11%, with altcoins tumbling even harder.
This hasn’t deterred some analysts from remaining bullish, and CrediBULL Crypto is one of them.
$100K Bitcoin Price Still Possible
The well-known crypto analyst with 400,000 followers on X took to the social media platform yesterday to share his thoughts on Bitcoin’s price.
CrediBULL said:
Our last impulse took us from $38K to $73K in 1.5 months. That’s a $35K move in about 50 days.
The impulses that follow should be even more aggressive and we are trading at $64K.
Our next impulse could send us to $100K within 30 days, and we still have around 6 months left till EOY.
That said, for BTC to increase to $100K from its current point, the price needs to increase by a considerable 56.25%.
But CrediBULL is not the only one with a bullish bias.
Bernstein Sees Bitcoin Target $200K by 2025
Analysts from the well-known analytics firm Bernstein Research have recently changed their long-term price forecast for BTC to $200K by the end of 2025.
It’s worth noting, however, that the firm had previously predicted that Bitcoin would reach $150K in the same period.
The analysts also outlined that spot Bitcoin exchange-traded funds might represent about 7% of the total circulating supply in 2025.
They said that this would likely be this cycle’s high, but after that, BTC may go to as high as $1 million by the year 2033. By that time, the ETFs might have captured a considerable 15% of the cryptocurrency’s circulating supply at the time.