Bitcoin could reach $210,000 by 2025 according to Presto Research
Strong bullish forecasts for Bitcoin price
A recent study by Presto Research predicts that the price of Bitcoin (BTC) could reach $210,000 by the end of 2025, supported by factors such as institutional adoption, liquidity shortages, and the impact of the 2024 halving. This prediction follows an analysis of historical market trends, increasing demand from ETF funds, and a continued decline in the supply of BTC available for trading.
Factors driving potential upside
1. 2024 Halving: The reward for mining Bitcoin will decrease to 3.125 BTC per block, reducing the new supply.
2. Institutional adoption: Strong flows into U.S. ETF funds, with continued demand from large investors.
3. Limited liquidity: Over 70% of BTC supply has been stagnant for more than a year, increasing its scarcity.
4. Monetary policy: Expectations of U.S. interest rate cuts, boosting demand for digital assets as a hedge against inflation.
Key levels to watch
- Ultimate resistance: $210,000 (Presto Research target).
- Medium-term resistance: $100,000–$150,000 (based on other analyses).
- Strong support: $50,000–$60,000 (key buying area).
Risks and challenges
Despite the optimism, there are still risks such as:
- Sudden market volatility.
- Strict regulatory changes.
- Slowing institutional adoption.
