Coin World Report:
According to a new analysis by Econometrics, if the current breakthrough is proven to be true, the price of Bitcoin will at least double.
On Wednesday, Bitcoin struggled against bearish momentum, falling to $65,188 after reaching a three-month high of $69,500 on Monday. At the same time, the recovery is underway. Bitcoin has seen a slight increase of 0.3% today, trading at $67,132.
While opinions on whether Bitcoin will surpass $70,000 or drop below $60,000 vary, Econometrics has made a bold analysis suggesting that the price of Bitcoin must at least double in the next 12 months.
Why Bitcoin Can Experience “At Least” 100% Price Growth
Bullish predictions assume that Bitcoin and the broader stock market will maintain strong positive momentum next year. In this case, the median estimate is that Bitcoin will rise by about 100%, and by the end of 2025, its value could reach $130,000.
However, the 5th percentile in the simulation suggests a more conservative outlook, estimating a potential loss of 26% if the momentum weakens in the next 12 months.
On the contrary, the 95th percentile in the simulation indicates more aggressive returns. Specifically, it predicts that if the momentum exceeds expectations, the cumulative return could be as high as 465%.
Bitcoin Must Maintain Key Support to Confirm Sustainable Uptrend
The analysis also acknowledges signs of an overheated market, which could pose a challenge to this forecast.
Since September 18, Bitcoin has been on an upward trend following the Fed’s interest rate cut. Since then, the major asset has grown by over 20% from $57,628. Although it briefly returned to the $59,000 level earlier this month, a pullback led to a strong rebound to $69,500 on October 21.
Bitcoin continues to struggle around this threshold, with market participants feeling anxious about the next decisive move.
Econometrics emphasizes that Bitcoin’s ability to stay above $65,000 is crucial for maintaining strong long-term prospects. Analyst Rekt Capital also expresses similar optimism, noting that Bitcoin’s outlook remains hopeful as long as it stays above $66,000 this weekend.
While Econometrics considers $130,000 to be the minimum target for Bitcoin in a sustained bull market, analysts at Bernstein have released a new analysis suggesting that even $200,000 would be a conservative price outlook for Bitcoin by 2025.