How Soon to $100K for Bitcoin?

Bitcoin (BTC) is surpassing all its previous records and is nearing $100,000 as it continues to enjoy a post-election boost. How soon will it reach that historic milestone?

This is the question that analysts have been trying to answer for much of 2024. There have been numerous predictions about when the $100K milestone would be passed, but few could have predicted that Bitcoin would be benefitting so much from Donald Trump’s election win. Now at $93,768 (BTC/USD), bitcoin is higher than ever and still climbing.

Over the past seven days, the coin has gained 6.66%, which is not as much as it was gaining over the same period coming out of the elections. That could indicate the coin is slowing down and may plateau here very soon.

Bitcoin has potential to hit $100K, but most indicators point to a vague 2025 date for that. Here is why we think that will be the case.

$100K in 2025 Is Expected

On the positive side of things, Bitcoin should hit that milestone next year, and probably in the early months. We have seen it grow very quickly and edge toward that incredible goal in the last few weeks, and the coin should be helped by Trump’s swearing in on January 20th as well as new policy changes that should go into effect shortly after the inauguration.

We do expect some pullback very soon, though. That is the downside that investors need to be prepared for. The slowing down of Bitcoin’s upward progress is significant enough that investors need to be careful about how much they are pouring into the coin. After the election, we saw the coin jump as much as 25% in a week. Now, it is a fraction of that, and the slowdown is evident.

At its current rate of upward movement, Bitcoin is not expected to hit $100K in the next couple of weeks. We may see its progress grind to a halt right around $95 or $96K.

We saw Bitcoin skyrocket earlier in the year, in March. It hit a record high and then quickly lost a lot of that progress. It never hit the same level again until the election results started to come in. We may see the same kind of pullback here, but we don’t think it will be as severe. The positive indicators are simply too strong at the moment, and they should buoy Bitcoin until it hits $100K.