Bitcoin Could Hit $100K by February 2025, Analyst Claims

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The recent trend in Bitcoin (BTC) prices may propel it to the $100,000 level within the next 90 days, irrespective of the outcome of the U.S. presidential election.

Could Bitcoin Reach $100,000 By February 2025?

Crypto expert Timothy Peterson argues that the current price behavior of BTC aligns closely with past patterns, prompting a reevaluation of the “diminishing marginal returns” theory.

From an investor’s standpoint, the diminishing marginal returns theory suggests that each halving cycle results in smaller price increases, as the total market capitalization of the digital asset matures, making supply shocks less impactful in boosting demand.

This indicates that while BTC may still appreciate, the remarkable returns seen in earlier phases might lessen over time. However, Peterson’s viewpoint seems to overlook this notion.

It’s worth noting that BTC reached its all-time high (ATH) of $73,737 in March 2024. Since then, the primary cryptocurrency has been consolidating for nearly eight months within a broad price range, dipping as low as $54,000. Currently, BTC is priced at $67,998, approximately 10% lower than its ATH.

Peterson claims that if BTC maintains its position above the red trendline, it could reach $100,000 within 90 days. He noted that such a move is “entirely reasonable.” He stated:

A conservative outlook predicts bitcoin hitting $100k by February. I believe this will occur regardless of the outcome of the U.S. elections.

Additionally, the analyst noted that based on various data-driven metrics he is observing, BTC is fairly valued at its current market price, and the possibility of it falling below $60,000 is becoming increasingly improbable.

Year-End BTC Price Predictions

While Peterson anticipates BTC approaching $100,000 within a three-month timeframe, other market analysts and industry experts have differing projections.

For example, options market traders expect BTC to surpass its previous ATH by the end of November, irrespective of who will hold the next presidency in the U.S.

Likewise, in a recent memo to clients, Bitwise CIO Matt Hougan outlined several factors that could drive BTC to “melt-up” to $80,000 in Q4 2024.

These considerations include the potential win of Republican candidate Donald Trump, further interest rate reductions by the U.S. Federal Reserve (Fed), and an extended period free from significant negative events in the crypto space.

In addition to these factors, the optimistic sentiment surrounding a year-end BTC rally is also bolstered by increasing retail interest in the leading digital asset.

Recent findings from CryptoQuant revealed that Bitcoin transactions of less than $10,000 are on the rise, indicating a resurgence in retail demand as the market transitions from risk-off to risk-on behavior. Currently, BTC is trading at $67,998 on the daily chart, marking a 1.1% increase over the last 24 hours.