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Running parallel to these bullish forecasts is speculation on when and by how much bitcoin will fall. Previous price rallies in 2013, 2017 and 2021 saw bitcoin suffer dramatic falls from those ...
Major crypto coins are consolidating their position post sharp declines earlier this week as headlines inspired a positive price action.
Noted venture capitalist Tim Draper estimates a year-end 2025 price of $250,000 for Bitcoin. Standard Chartered projects a $200,000 Bitcoin price target in 2025.
“Despite the massive $16 billion purchase, Bitcoin's price gain of roughly 10% during this period raises questions about the broader market's strength,” the report notes.
The prices have remained stable over the last 24 hours
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Despite skepticism, his forecast proved accurate, as Bitcoin hit $10,000 in November 2017 during its dramatic bull run. In 2018, Draper forecast Bitcoin to reach $250,000 by the end of 2022.
Fundamental support helped crypto bulls maintain BTC & ETH above key support levels despite bear’s attempts to drag the pair back to pre holiday season lows.
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