Here’s When Bitcoin Price Will Hit $117,000
Bitcoin surged to $99,800 yesterday before plummeting to $95,484, losing profits from its Christmas rally. Traders are becoming increasingly bullish, with speculation on Bitcoin reaching $110,000 to $117,000. However, emotions notes Historically, Bitcoin has only reached $110,000 when people least expected it. Despite Bitcoin’s recent decline, the market is optimistic about its long-term goals.
But whether the market has over-hyped the target and what is the realistic target that BTC can achieve in the upcoming bull run, let’s hear the insights of analysts.
Dan’s Bitcoin Predictions for 2025
Dan Morehead, CEO of Pantera Capital predict By August 2025, Bitcoin may reach $117,000. His prediction is based on Bitcoin’s historical price movements during halving events, which occur every four years. Halvings reduce miner rewards, and Morehead noted that Bitcoin’s price typically starts rising around 400 days before a halving and peaks around 480 days after.
The last halving occurred in April 2024, when miner rewards were cut from 6.25 BTC to 3.125 BTC. Morehead believes that the price of Bitcoin will follow this pattern and climb to $117,000, which would be a 22.53% increase from the current price of $95,484.
Macro factors cannot be ruled out…
In addition to the halving effect, Morehead also considered macroeconomic conditions and political developments that could help push Bitcoin prices higher. He expects these factors to contribute to Bitcoin’s potential growth and help it reach its $117,000 target by mid-2025.
Morehead’s prediction comes at a time when Bitcoin is already showing strong growth, and many investors are closely watching the halving for signs of a continued bull run. If Bitcoin follows its historical trend, the price could surge towards its next peak in the coming months.
Other Bold Predictions: Can Bitcoin Break $500,000?
Pantera’s optimistic outlook echoes other ambitious forecasts. Bitwise CIO Matt Hougan recently speculated that Bitcoin could surge to $500,000 if Donald Trump implements plans to create a national Bitcoin reserve.
The proposal, unveiled at a Bitcoin conference earlier this year, sparked widespread interest, with some believing other countries could follow the U.S.’s lead. With Japan rejecting the Bitcoin reserve plan, this would be a good opportunity for the United States to take advantage of the first-mover advantage and become the global Bitcoin leader.
Even Digital Chamber CEO Perianne Boring said that under Trump, Bitcoin will reach $800,000.
With Bitcoin trending upward, analysts see these short-term dips as great opportunities to enter the market, as Microstrategy is currently doing. But you need to be careful, because experts also believe the market could collapse if Trump’s policies are delayed by political differences.
