This month of November was marked by the officialization of Donald Trump's victory in the American presidential elections which plunged the cryptocurrency market into a euphoric state. On social networks, a trader predicted the crazy rise in the price of Bitcoin in September, revealing his scenario for the months to come.
Heading for Bitcoin at $1 million according to the predictive model of an investor accustomed to analysis
On X, an investor under the pseudonym @100trillionUSD has the habit of offering his predictions around the cryptocurrency market. On September 24, he revealed a scenario according to which the price of Bitcoin (BTC) would explode by the end of 2025allowing cryptocurrency to reach the million dollar milestone.
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According to his prediction, October 2024 was going to be placed under the sign of uptoberthis phenomenon where the price of cryptocurrencies tends to rise during the month of October. The trader then predicted a Bitcoin for 70,000 dollars. Stroke of luck or fine analysis? Regardless, the cryptocurrency reached this milestone on October 30.
Following this, the investor predicted the victory of Donald Trump in the US presidential elections, which according to him, would take Bitcoin to $100,000. For now, Bitcoin has reached its ATH over $93,000but has not yet crossed this symbolic threshold.
Of course, the trader didn't stop there. According to him, in December, massive net inflows will be recorded by spot Bitcoin ETFswhich will allow Bitcoin to reach the 150,000 dollars by the end of the year.
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A historic year 2025 for Bitcoin? It’s a big yes for the trader
For the year 2025, @100trillionUSD remains just as optimistic. With the development of regulations favorable to blockchain and cryptocurrencies in the United States, industry players will become massively involved in the American market, which would result in to bring Bitcoin to $400,000 in April.
This will promote the adoption of blockchain technology and cryptocurrencies among institutionsincluding AI start-ups which would put themselves “ to use Bitcoin to autonomously arbitrate transactions “. This trend would allow for Bitcoin to reach $600,000 by the end of the first half of 2025.
Finally, the investor thinks that le syndrome FOMO will push many people to invest in BTCwhich will allow it to achieve the famous million dollars at the end of 2025.
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However, he believes that in the years following this historic summit, the price of BTC would go downentering a distribution phase, then a bear market which will make it plunge to $200,000 in 2027.
Recently, it was the founder of BitMEX, Arthur Hayes, a big fan of predictions, who declared that Bitcoin could cross the $100,000 mark by the end of the yearand even the million dollar one in the coming years.
However, some members of the crypto community find it hard to believe that Bitcoin could rise to $1 million so quickly without experiencing phases where its price would drop significantly. This is what an investor named Thomas Young on X, stating that he has difficulty imagining that a good portion of current holders would not sell their BTC in the meantime.
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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