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Bitcoin has seen better days recently. Just a few days ago, Bitcoin’s price dropped to $63,400, a level last observed about a month ago. Since June 7, Bitcoin’s price has decreased by approximately 11%, and altcoins have experienced even sharper declines.
Famous Analyst Shares Bitcoin Insights
This period has not stopped some analysts from maintaining a bullish trend, and CrediBULL Crypto is one of them. The well-known crypto analyst, who has 400,000 followers on the social media platform X, shared his thoughts on Bitcoin’s price and stated:
“Our last move took us from $38,000 to $73,000 in 1.5 months. This is a $35,000 move in about 50 days. The following impulses should be even more aggressive, and we are currently trading at $64,000. Our next move could send us to $100,000 within 30 days, and according to the data, we still have about 6 months left.”
However, for Bitcoin to rise from its current point to $100,000, the price needs to increase by a significant 56.25%. For this process, Bitcoin purchases initiated with ETF funds need to accelerate, and the inflation issue in global markets, especially in the United States, needs to be resolved.
Surprising Prediction for Bitcoin
CrediBULL Crypto is not the only analyst speaking about the bullish trend. Analysts from the well-known analysis firm Bernstein Research recently changed their long-term price prediction for Bitcoin to $200,000 by the end of 2025. However, it is worth noting that the firm previously predicted Bitcoin would reach $150,000 in the same period. Analysts also mentioned that spot Bitcoin exchange-traded funds could represent about 7% of the total circulating supply by 2025.
They said this would likely be the peak of this cycle, but Bitcoin could rise to $1 million by 2033. By then, ETF funds might have captured a significant 15% of the cryptocurrency’s circulating supply.
