Yes, the price of Bitcoin has the potential to rise to $100,000. Moreover, the BTC chart pattern has a clear message: BTC will ultimately exceed $100,000. On the question ‘when will BTC rise and exceed $100,000’ we believe there is a clear answer from the BTC chart.
Source – Bitcoin price predictions 2024 & 2025
While it may sound counter-intuitive to find answers related to timing of a price move, we have proven over and over again to be able to define price/time conclusions by carefully analyzing chart patterns.
Case in point: in September of 2023, when markets were very uncertain, we spotted a specific breakout date on Bitcoin’s chart. It happened, on the forecasted day, and the alerts are available in our premium crypto research service as a proof.
The point is this – hardly anyone looks at the time axis of the chart. Anecdotally, scrolling through the #Bitcoin on X, same result with a search query Bitcoin price, all you see is price analysis. In doing so, you miss 50% of the information on a chart because the chart has 2 axes, not one.
At InvestingHaven, we look at both price and time, starting with time. This creates a very different perspective and conclusions.
Bitcoin’s long term uptrend points to $100,000
First of all, in the grand scheme of things, there is a very clear message from the chart. Bitcoin moves higher, over time, there is no signal that suggests the long term uptrend in Bitcoin’s price is ending.
Below is the weekly chart since 2016, a 7-year uptrend is the one and only thing that is visible.
This uptrend line has been violated a few times in recent years, but Bitcoin reclaimed it within a period of 8 to 13 weeks, suggesting breakdown invalidations. The result – an uptrend continuation.
Note – we have been predicting, when crypto was shaky, the following: Crypto: Is This The Most Epic Investment Opportunity Of This Decade?
Bitcoin wants to move higher, despite temporary drops. This chart pattern suggests that Bitcoin will eventually rise to $100,000. While this chart does not address the question ‘when will Bitcoin rise to $100,000,’ it certainly confirms the validity of the price target.
Source – Tradingview
Bitcoin’s drop should enable a rise to $100,000
How does that sound?
If Bitcoin drops, it will be bullish.
This idea is certainly counter-intuitive. Let’s face it, the day we see a sea of red on crypto’s market carpet it will bad, not good.
That day, however, we need to remember to focus on what really matters which is the chart structures, particularly on the longer timeframes.
As said before, the probability of a giant cup and handle formation unfolding on Bitcoin’s chart will be high if/when BTC starts dropping. So, the question becomes, which level does need hold in order to be confident that short term selling will have a good outcome on the longer timeframe?
The answer is outlined below. From our BTC predictions research page:
InvestingHaven’s Bitcoin price forecast for 2024 is based on the cup and handle chart pattern. BTC should drop to one of its Fibonacci levels: either $41,900 or $35,300. A drop to one of these levels would be bullish long term.
Bitcoin’s first support area
Short to medium term, Bitcoin may drop to the long term trendline which we showed on the first chart (above).
The area to watch, in terms of time/price combination, is $50k late summer. In other words, IF BTC drops to 50k and it holds, going into Fall, it would be very bullish as it will suggest that it is tracking the long term rising trendline; this, in turn, will suggest that BTC will be following the trendline higher in 2025 & 2026, unless the market is hit by a black swan event.
If, however, BTC drops below the $50k area, which we indicated on the next chart with ‘buy the dip area’. In that scenario, we should track for a replay of summer 2023 – BTC may fall below that trendline but the Fibonacci levels outlined on the above chart should hold (38.2% Fibonacci at $41.9k and 50% Fibonacci at $35.3k).
AI confirms Bitcoin’s bullish reversal to $100,000
Interestingly, as we do our crypto forecasting research with our top forecaster but also check what AI is predicting, we get this next chart out of the best performing AI predictive model.
As you can see, AI is predicting a drop followed by a recovery.
It is crystal clear, from this chart, that the chart pattern is a bullish reversal.
In the end, it looks like AI is confirming InvestingHaven’s bullish cup and handle forecast.
When will Bitcoin rise to $100,000?
Given all the data points laid out in this analysis, we believe that Bitcoin will rise to $100,000 at some point in 2025. It is a little early to predict an exact date or month in which this may happen.
Full focus on the 2024 chart pattern that will unfold.
If the bullish Fibonacci levels hold in 2024, we will have a confirmation of Bitcoin’s bullish chart pattern which points to $100,000 (and even much higher readings) in 2025.
The really important support levels that will matter, on 5 / 8 / 13 / 21 day closing basis:
- The $50k area (multi-year rising trendline).
- The $41.9 level (the most bullish Fibonacci level).
- The $35.3k level (the most critical Fibonacci level).
The pattern that will develop on the BTC chart, exactly at those levels outlined above, which ever will be hit of course (the drop might stop at $50k or continue lower), will be crucial.
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