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The question on every crypto investor’s mind today: Can Bitcoin (BTC) hit $96,000 again?
With BTC showing strength in 2025, rebounding from previous corrections, and entering a potential post-halving bull cycle, many traders are speculating whether the king of crypto can retest or even surpass the once-dreamt price level of $96,000. This article is a deep dive into the expert perspective, key technical signals, on-chain data, and macroeconomic factors that may determine Bitcoin’s path forward.
No hype. No false hope. Just pure expert-level breakdown. 👇
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📉 First, Let’s Remember: When Was Bitcoin Near $96,000?
Bitcoin has never officially hit $96,000 — but this number has floated around in predictions and bull market projections for years. The all-time high (ATH) of BTC was approximately $69,000 in November 2021. So why is $96k so popular?
Many analysts during the 2021 bull run believed BTC could reach $100,000 based on the Stock-to-Flow (S2F) model.
$96k became the mid-point target between bullish euphoria and reality.
Several technical Fibonacci extensions and macro models hinted at this zone as a future psychological resistance.
So while $96k hasn’t been hit yet, it's still considered a valid long-term target by many experts — especially during bull cycles.
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🧠 What Experts Say About Bitcoin Reaching $96,000 in 2025
Here are real viewpoints from analysts, not hype:
1. Michael Saylor (MicroStrategy Executive Chairman):
> “We’re in the early innings of institutional adoption. Bitcoin can easily go beyond six figures as money flows out of gold and into digital assets.”
2. Willy Woo (On-chain Analyst):
> “Supply shock is brewing. If demand stays consistent post-halving, $100K is inevitable – it’s just a matter of when, not if.”
3. CryptoQuant Analysts:
> “On-chain indicators such as exchange reserves and miner behavior suggest accumulation. We are in a similar phase to pre-2021 bull runs.”
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🔍 Key Indicators That Support the $96K Target
✅ 1. Post-Halving Cycle Momentum (April 2024 Halving):
Historically, Bitcoin rallies 300-600% after each halving.
After the 2016 halving: BTC went from $600 → $20,000
After the 2020 halving: BTC went from $9,000 → $69,000
If 2024 follows a similar path: BTC could go from ~$25,000 → $100,000+
✅ 2. Institutional Accumulation
Firms like BlackRock, Fidelity, and ARK Invest are buying spot BTC ETFs, adding significant demand. Institutions tend to hold, not flip — this reduces circulating supply.
✅ 3. Bitcoin Supply on Exchanges Falling
When supply drops and demand remains or increases, price usually rises.
Glassnode data shows that exchange balances are at a multi-year low – a bullish signal.
✅ 4. Long-Term Holder Supply at All-Time High
More than 70% of BTC is held by long-term holders (LTHs) – meaning, fewer coins are being sold even during volatility. This creates supply squeeze pressure.
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🛑 Challenges That Could Prevent Bitcoin from Reaching $96K
We must look at both sides:
❌ 1. Macroeconomic Headwinds
Interest rate hikes or a global recession could reduce capital flow into risk assets.
The U.S. election in late 2025 may cause temporary market uncertainty.
❌ 2. Regulatory Crackdowns
Any negative policy changes from the U.S. SEC, EU, or other major governments could spook markets.
❌ 3. Whale Manipulation & Market Traps
BTC's price can be manipulated by large players in low-volume zones. Quick pumps followed by dumps can create fear.
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📊 Chart Analysis – What the Technicals Say
BTC’s current monthly chart (June 2025) shows:
Strong support at $58,000 - $62,000
Next key resistance zones: $74,000 – $85,000, then $95,000 – $100,000
MACD (Monthly): Turning bullish
RSI: In the 60–70 zone — bullish but not overbought
200-week MA: Rising, currently around $47,000 – long-term bullish structure intact
If Bitcoin breaks and holds above the $85k resistance level with strong volume, the next leg up could very well be $96,000.
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🔮 2025 Prediction Scenarios
🟢 Bullish Scenario (Probability: 60%)
BTC breaks $85K → FOMO starts → Institutions buy in bulk → $96K hit by Q4 2025
🟡 Neutral Scenario (Probability: 30%)
BTC consolidates between $65K–$85K for most of the year. $96K postponed until 2026.
🔴 Bearish Scenario (Probability: 10%)
Global financial crisis or major regulatory event pushes BTC back to $40k–$50k.
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💬 Final Thoughts – So, Can Bitcoin Reach $96,000?
Yes — But Not by Magic.
Bitcoin has every fundamental and technical reason to move toward $96,000 in this cycle. Institutional adoption, decreasing supply, and strong on-chain indicators point to a bullish case.
But timing is everything. BTC might not shoot up in a straight line. Traders need patience, strategy, and a long-term mindset.
> “Don’t bet on price — bet on value. Bitcoin’s value is rising, and the price will follow.”
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📢 Pro Tip for Traders & Holders
✅ Accumulate during dips,
✅ Set clear targets (like $96k),
✅ Use stop-losses in short-term trades,
✅ Don’t go all-in — scale in smartly.
Stay informed. Stay disciplined. Stay in the game.
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