Analysts at the blockchain company Matrixport in Singapore believe that with Wall Street’s entry into the digital currency market, the upward trend of Bitcoin (BTC) could continue beyond 2025. Following a typical pattern, Bitcoin usually faced a minimum 70% price correction after three years of strong growth. The approval of a Bitcoin Exchange-Traded Fund (ETF) in 2024 has attracted more institutional investors to this market. These analysts suggest that institutional investors will not only hold Bitcoin for longer periods, but with more transparent regulations, there is a likelihood of significant capital allocation to Bitcoin in the coming years. Referring to a logarithmic chart, they have predicted price targets of $157,000 and even $315,000 for Bitcoin.
Bitcoin analysts foresee prolonged bullish market post-2025 with potential price targets of $157,000 and $315,000.
