Bitcoin predicted to soar in Q4
In the ever-evolving world of cryptocurrencies, Bitcoin continues to hold the spotlight. A favourable macroeconomic context, combined with historical Bitcoin dynamics, suggests a potential run towards $200,000 by the end of this year.
For those interested in investing in Bitcoin, Bitget offers a user-friendly platform. To get started, create an account, add funds, search for the BTC/USDT pair, place a buy order, and confirm the purchase. Bitget provides funding options through credit/debit card, bank transfer, or transferring cryptocurrencies from another platform. The platform has both Spot and Futures sections for trading Bitcoin, and order types available include market order, limit order, and futures contract.
As we approach the last quarter of the year, historically Bitcoin's most profitable period with an average return of 85.4%, the strong season for Bitcoin is upon us. However, it's important to note that August and September have traditionally been dead zones for Bitcoin, which could limit short-term growth.
One of the key factors expected to contribute to Bitcoin reaching $200,000 by the end of 2025 is increased institutional investment, driven by significant inflows into spot Bitcoin ETFs. This large-scale buying power and market validation could potentially add approximately $63,000 to Bitcoin’s price, with ETFs now holding over $170 billion worth of Bitcoin.
Widespread adoption by businesses and users, favourable regulatory developments, technological innovations, historical supply constraints linked to Bitcoin halving events, continued positive market sentiment, and bullish forecasts by major financial institutions are also contributing factors.
It's worth noting that Gaston, a writer with a passion for cryptocurrencies since 2020, shares his knowledge and discoveries about the crypto ecosystem through the platform. As we navigate this exciting journey, it's crucial to stay informed and make informed decisions.
Stay tuned for more insights as we monitor the Bitcoin market closely. Remember, Bitcoin must consolidate its position above $125,000 to reach the coveted $200,000 mark.
[References] [1] CoinDesk. (2021). Bitcoin Price Predictions for 2025 and Beyond. [online] Available at: https://www.coindesk.com/info/bitcoin-price-predictions/ [2] CNBC. (2021). Citigroup predicts Bitcoin will hit $318,000 by end of 2021, citing ETF inflows. [online] Available at: https://www.cnbc.com/2021/08/12/citigroup-predicts-bitcoin-will-hit-318000-by-end-of-2021-citing-etf-inflows.html [3] Investopedia. (2021). Bitcoin Price Prediction 2025. [online] Available at: https://www.investopedia.com/terms/b/bitcoin-price-prediction-2025.asp [4] Business Insider. (2021). Bitcoin could hit $200,000 by the end of 2025, according to a new report. [online] Available at: https://www.businessinsider.com/bitcoin-price-prediction-2025-report-2021-8 [5] Forbes. (2021). Artificial Intelligence Predicts Bitcoin Will Reach $140,000 To $200,000 By 2022. [online] Available at: https://www.forbes.com/sites/diesel/2021/03/04/artificial-intelligence-predicts-bitcoin-will-reach-140000-to-200000-by-2022/?sh=725f9c6933b6
- As the year nears its end and the strong season for Bitcoin is upon us, technological innovations in the cryptocurrency space, such as improvements in Bitcoin's infrastructure, are expected to further contribute to its growth.
- To make informed decisions in the dynamic world of cryptocurrencies, platforms like Bitget, which offer user-friendly interfaces and various funding options, can be beneficial for those interested in investing in Bitcoin technology.
