Analysts expect Bitcoin price to breach $150,000 by the end of 2025, driven by the upcoming halving and the demand introduced by Bitcoin ETFs.
Bitcoin had its highest daily close at $68,245 on March 4, beating its previous record close of $67,525 on Nov. 8, 2021. The world’s first cryptocurrency is up over 18% on the weekly and 55% on the monthly chart.
Does this mean that theBitcoin (BTC) price is on track to reach $100,000 by the end of the year? Some analysts are expecting even higher price levels, while others are anticipating a local top at the all-time high price resistance of $69,000.
The new price-agnostic demand introduced by United States spot Bitcoin exchange-traded funds (ETFs) will help the world’s largest crypto breach its previous all-time high, according to a research report by Bitfinex analysts, shared with Cointelegraph. Notably:
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Source: https://cointelegraph.com/news/bitcoin-best-day-ever-100k-btc-price-programmed