Bitcoin to Surge to $150K by Early 2025

Based on Bitcoin's historical performance, it is likely that the price could surpass the $150,000 mark in the first half of 2025.

Azcnews Bitcoin To Surge To $150k By Early 2025

Bitcoin is currently trading at $95,600, after experiencing a slight decline in the past 24 hours. In November, Bitcoin surged 37.3% on the back of the US presidential election. Historically, Bitcoin has typically performed well in December following an election, with gains ranging from 30% to 46%.

Based on this trend, analysts predict that Bitcoin could reach a new high in December this year, with a price of as high as $115,000. Bitcoin’s monthly performance from 2013 to 2024 has varied significantly, but December has generally been a strong month, especially in 2020 and 2021. However, months like January, May, and November have often produced mixed results.

Bitcoin Monthly Returns
Bitcoin Monthly Returns

However, November and December 2022 saw lower returns, suggesting a weakening trend towards the end of the year. Despite these fluctuations, December is still seen as a month with high growth potential, raising expectations for a breakout in the coming weeks.

According to a report from Spot On Chain on April 24, 2024, Bitcoin prices are forecast to continue to be volatile. There is a 63% chance that Bitcoin will reach $100,000 in the second half of 2024.

Read more: How Did an AI Bot Turn $4,500 Into $5.5 Million?

For the period from May to July 2024, Bitcoin’s expected price range is between $56,000 and $70,000, with a 48% chance that the price will fall below $60,000.

Looking at the long term, the forecast shows a 42% chance that Bitcoin will surpass $150,000 in the first half of 2025, and this number increases to 70% if considered over the entire year.

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