Analyst Challenges Bearish Bias, Says Next Push Could Target $100,000

It’s safe to say that the price of Bitcoin has seen better days. Just a couple of days ago, it fell to a low of around $63,400, a point last seen about a month ago.

Since June 7, the price of BTC has lost about 11%, with altcoins falling even more.

This has not stopped some analysts from remaining optimistic, and CrediBULL Crypto is one of them.

Bitcoin price of $100,000 is 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 the price of Bitcoin.

CrediBULL said:

Our last push took us from $38,000 to $73,000 in 1.5 months. That’s a $35,000 move in about 50 days.

The momentum that follows should be even more aggressive and we are trading at $64,000.

Our next push could send us to $100,000 within 30 days, and we’re still about 6 months away from EOY.

Source: CrediBULL Crypto, X

That said, for BTC to rise to $100,000 from its current point, the price needs to increase by a whopping 56.25%.

But CrediBULL is not the only one with a bullish bias.

Bernstein sees Bitcoin targeting $200,000 by 2025

Analysts at the well-known analytics firm Bernstein Research recently changed their long-term price forecast for BTC to $200,000 by the end of 2025.

It is worth noting, however, that the company had previously predicted that Bitcoin would reach $150,000 in the same period.

Analysts also noted that Bitcoin exchange-traded funds could account for around 7% of the total circulating supply by 2025.

They said it would probably be the peak of this cycle, but after that, BTC could hit $1 million by 2033. By that time, ETFs could have captured a whopping 15% of the circulating supply of the cryptocurrency at the time. .

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