The price of Bitcoin (BTC) surpassed $100,000 a day after President-elect Donald Trump selected cryptocurrency advocate Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC).
On December 5, the top cryptocurrency rose as much as 4.95% to a new record high of around $103,640, increasing its net return to over 50% following President Trump’s re-election.
Most analysts now expect Bitcoin to surpass $100,000 and continue its upward trend. But how high can Bitcoin go in the short and medium term?
Bitcoin price will rise to $146,000 — Analyst
CryptoQuant CEO Joo Ki-young attributes Bitcoin’s price milestones to “fresh capital” pouring into the market.
Bitcoin ETF cumulative inflow performance chart. source: farside investor
Ki points to the increase in Bitcoin’s realization limit (which measures the total value of all coins based on their recent movements) as the main factor driving the rise in price cap, shown by the red line on the chart.
Bitcoin price prediction based on realization limit. source: CryptoQuant
“As the realization limit increased, the ceiling price increased from $129,000 to $146,000 in 30 days,” Ki added.
“At the $102,000 level, we are far from a bubble. It often takes a 43% surge to reach the threshold considered a bubble.”
source: X
Bitcoin could also reach $150,000-$154,000 based on historical performance and Fibonacci extensions.
In previous cycles, the cryptocurrency has consistently crossed the 1.618 Fibonacci extension level and headed towards higher extensions such as above 2.618.
BTC/USD weekly price chart. Source: TradingView
As of December 5, Bitcoin was at around $101,562, surpassing the 1.618 level and matching the current price of around $102,000. This breakout suggests that the next major milestone could be the 2.618 level near $154,250.
Bitcoin Price Will Double — Bernstein Analyst
Bernstein analysts expect Bitcoin to reach $200,000 by the end of 2025, driven by regulatory clarity and institutional adoption.
Cryptocurrency advocate Atkins’ nomination to chair the SEC under President-elect Trump is expected to end the era of “regulation by enforcement” and foster U.S. blockchain innovation and widespread adoption of digital assets.
source: X
They highlight Bitcoin’s commodity status, spot ETF approvals, and growing institutional adoption, with firms like BlackRock managing $50 billion in Bitcoin ETFs and MicroStrategy holding more than $40 billion in BTC.
Bernstein believes Bitcoin will be incorporated into institutional portfolios and corporate treasuries, replacing gold as the best “store of value” asset.
Bitcoin price of $250,000 possible by 2025 — Tom Lee
According to Tom Lee, co-founder of Fundstrat Global Advisors, Bitcoin could reach $250,000 by 2025, and if it replicates the price action of 2023, it could hit $150,000 next year.
relevant: 3 Signs Bitcoin’s ‘Parabolic Phase’ With $250,000 Target Is Coming Soon
On November 29, Lee highlighted Bitcoin’s price cycle linked to the block subsidy halving as a key driver.
Bitcoin price performance after halving. Source: TradingView
“The sweet spot begins with supply cuts taking effect later this year and into next year,” he said.
Lee remains optimistic, saying $250,000 within 12 months is “very likely” based on past price cycles.
This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.