bullish

Bitcoin

Strong

Rekt

<ul> 
 <li><strong>The pattern of price increases post-Bitcoin halvings and bullish MACD indicators highlight the likelihood of Bitcoin reaching $100K by 2025.</strong></li> 
 <li><strong>The growing trend of Bitcoin hodling by long-term investors, demonstrated by high ATS scores and recent purchases, indicates strong market confidence, supporting higher future prices.</strong></li> 
</ul>  
<p>According to a recent <a href="https://www.crypto-news-flash.com/will-bitcoin-reach-100k-by-2025-analysts-believe-this-new-token-will-100x-ripple-xrp-sees-bullish-gains-this-week/">report</a> by CNF on whether Bitcoin will reach $100K by 2025, Bitcoin’s recent price movement suggests a potential rise to a “six-figure value” per BTC, as a popular technical indicator, the MACD, signals a bullish trend. Despite a recent drop below $50,000, Bitcoin’s trajectory could lead to significant gains by year-end.</p> 
<p>Analysts at the market intelligence firm Glassnode have noted an emerging “hodling preference” among long-term investors as the market slowly recovers from last week’s sell-off. Here are three reasons traders believe Bitcoin could achieve a “six-figure value”:</p> 
<h2 id="strong-historical-data-suggests-bitcoin-often-rises-significantly-after-each-halving-strong"><strong>Historical data suggests Bitcoin often rises significantly after each halving.</strong></h2> 
<p>Furthermore, the ecoinometrics points out that Bitcoin’s recent drop below its growth trajectory could signal a recovery, potentially reaching between $140,000 and $450,000. Rekt Capital’s analysis indicates a bullish trend reversal with <a href="https://www.crypto-news-flash.com/bitcoin-btc-price-recovery-in-motion-can-solana-sol-replicate-crypto-betting-application-rollblocks-100-price-surge/">Bitcoin’s recovery</a> above $60,000, signaling the end of the downtrend. Strong buy-side volume is crucial to maintain this upward momentum.</p> 
<h2 id="strong-bullish-signals-from-technical-indicators-like-the-macd-suggest-potential-price-increases-strong"><strong>Bullish signals from technical indicators, like the MACD, suggest potential price increases.</strong></h2> 
<p>In a recent tweet, Exel Adler Jr. highlights that a bullish MACD signal could drive Bitcoin’s uptrend, similar to the scenario in July that saw a 30% price increase. If the MACD shows a bullish cross, Bitcoin may continue its recovery and reach new highs.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">I'm not a big fan of MACD, but a bullish pattern is forming on the daily timeframe.</p> 
 <p>The good news is that many traders are noticing this. <a href="https://t.co/KBER4jrfF1">pic.twitter.com/KBER4jrfF1</a></p> 
 <p>— Axel <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"> Adler Jr (@AxelAdlerJr) <a href="https://twitter.com/AxelAdlerJr/status/1823262055136182709?ref_src=twsrc%5Etfw">August 13, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-increased-hodling-by-long-term-investors-indicates-strong-market-confidence-strong"><strong>Increased hodling by long-term investors indicates strong market confidence.</strong></h2> 
<p>Glassnode reports that long-term Bitcoin investors are increasingly “hodling,” with the Accumulation Trend Score (ATS) hitting a new high. <a href="https://www.crypto-news-flash.com/long-term-bitcoin-holders-accumulate-over-450-billion-analytics-firm-glassnode-reveals-impressive-trend/">Long-term Holders</a> (LTHs) have accumulated over 374,000 BTC in the past 90 days, indicating significant buying activity. In a statement, Glassnode analysts highlighted that,</p> 
<blockquote>
 <p>After several months of relatively heavy distribution pressures, the behavior of Bitcoin holders appears to be rotating back towards HODLing and accumulation.</p>
</blockquote> 
<p>According to Coin Market Cap data from today, Bitcoin (BTC) has surged by <span style="color: #008000;"><strong>3.59%</strong></span> in the past day and <span style="color: #008000;"><strong>5.85%</strong></span> in the past week, reaching a price of <strong>$60,901.60</strong>. See BTC price chart below.</p> 
<p><span data-sheets-root="1"></span></p>
<div class="cryptoboxes" id="mcw-19491" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bitcoin" data-symbol="BTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Bitcoin (BTC) to $100K by 2025? Here Are 3 Reasons Traders Believe It’s Possible

Table of Contents

Crypto News Flash

Other articles published on Aug 14, 2024

Ronin Network Halts Operations After Whitehat Suspected $11.3M Exploit

RCO Finance (RCOF) Stands at the Forefront of Innovation with the Only Real AI Features in Crypto

Crypto scammer pleads guilty to AI trading bot scam

Developers Integrate Shibarium with Cards

Sahara AI secures $43M to develop collaborative, decentralized AI platform

Marathon Digital to Raise $250 Million to Boost Bitcoin Holdings

Join our free newsletter for daily crypto updates!