Yes, the price of Bitcoin has the potential to rise to $100,000. Here are the two specific dates that will confirm if and when BTC will rise to $100k: December 9th, 2024, and February 5th, 2025.
Source – Bitcoin predictions for 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.
November 2nd – As we update this article, this breaking news is confirming the viewpoint we derive from the BTC chart and outline in this article:
MicroStrategy is raising $42 billion to buy more #Bitcoin and we’re 5% away from a new ATH
This news appeared on X, on November 2nd, 2024.
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.
November 2nd – The long term Bitcoin price chart confirms it – it is a matter of time until BTC will hit $100,000.
Bitcoin’s medium term chart setup is a bullish reversal, enabling 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, presumably $41,900. This drop, while scary, would be bullish long term.
The next chart exhibits the $41.9k level as the ‘base case’ scenario. Obviously, if $52k would hold, it would be so much better, but we can reasonably expect a drop below $50k, even if it would be short-lived, to still turn out to become very bullish long term.
November 2nd – The detailed BTC chart has a few extremely important dates, when analyzing Bitcoin’s timeline. October 20th, 2024, the 50% Fibonacci retracement on Bitcoin’s timeline. Moreover, as explained in our premium crypto service, the next decision points on Bitcoin’s timeline are December 9th, 2024, and February 5th, 2025.
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.
How and when will we know?
Very simple, we apply Fibonacci retracement calculations to Bitcoin’s timeline. In doing so, we get the following 3 crucial dates:
- Oct 20th, 2024 – this date came with a breakout in Bitcoin’s medium term chart setup – bullish.
- Dec 9th, 2024 – if BTC will be able to stay above $65k, it will be ultra bullish. However, if BTC trades between $60k and $65k, it will be mildly bullish. Below $60k will be shaky.
- Feb 5th, 2025 – this is by far THE most important date – a strong bull market must start not later than Feb 5th (if BTC is not able to move above $69k it will be very, very concerning).
The pattern that will develop on the BTC chart, exactly on the dates outlined above, will be crucial to answer the question if and when BTC will hit $100,000.
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