Bull cycle was considered when the price of Bitcoin fell to $ 75,000 in early March 2025. Most investors, who have recorded more than $ 100,000, are concerned that the best cryptocurrency has already reached the best of the current cycle.
Contrary to the public’s beliefs, the price of Bitcoin has been the highest ever since it has since then recorded several new highs, and the current record is about $ 122,800. Interestingly, the popular market consensus is only a matter of time before the BTC price reaches seven picture evaluation.
How did Bitcoin make a million dollars in 10 years?
In recent posts on the X platform, Blockware Bitcoin analyst Mitchell Askew has joined more and more expert lists, offering $ 1 million for premier cryptocurrency. According to the analyst, the price of BTC is expected to achieve this major milestone over the next decade.
Interestingly, ASKEW expects Bitcoin prices to reach $ 1 million for the next decade. Crypto Intelligence experts believe that the era of parabolic bull market and destructive bear market is over for the flagship cryptocurrency.
Source: @MitchellHODL on XASKEW emphasized that Bitcoin looks like a completely different asset before and after starting the Spot Exchange-Traded Funds (ETF) in the United States. According to these changes, the analyst is expected to reach the price of a million dollars through a consistent vibration between the “pump” and “integration.”
Askew added:
It will kill everyone along the road and shake tourists from their positions.
It is worth mentioning that ASKEW’s thesis coincides with the recent claim that Bitcoin cycle theory is dead. In essence, both beliefs are less likely to experience the extended Bear market that is generally followed since Bull Run.
Bloomberg ETF experts support the theory of ‘pump and integration’ theory.
Bloomberg ETF analyst Eric Balchunas has agreed to ASKEW’s theory of Bitcoin’s movement and trajectory since the SPOT Exchange Trade Fund was launched in the market. According to Pundit, Bitcoin Market has low volatility and reduces modifications after Blackrock applies for Spot BTC ETF.
Ultimately, as the stability around Premier cryptocurrency has increased, it has become more attractive for large institutional players. BALCHUNAS also admitted that, as the BTC Price can be seen in the past, it is unlikely to experience major surge in the short term.
Over the last week, the price of Bitcoin has moved to the side and vibrated from $ 120,000 to $ 115,000. At the time of this article, the market leader reflects the price increase of 0.4%last day, with about $ 117,900.
Istock’s main image, TradingView chart
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