When Will Bitcoin Reach $100,000? Here is a conservative projection
Bitcoin price fell massively in 2022. With the beginning of the bear market, we saw losses of over 80% from the all-time high in November 2021, when many investors were still hoping for a price of $100,000. But now Bitcoin has to tackle this price target again from a lower price. When will Bitcoin reach 100,000$ in the future?
How has Bitcoin performed over the past 12 months?
The past 12 months have seen huge losses in the Bitcoin price. In November 2021, Bitcoin reached its all-time high of over $68,000. However, with the onset of the bear market, the price fell sharply as a result. Many experts and investors hoped that the Bitcoin price would rise to $100,000 in 2021 or early 2022. However, this did not happen, as many negative factors came into play.
The Bitcoin price had fallen to $48,000 in early 2022. It didn’t get any better as we saw further losses in the Bitcoin price in early 2022. After a small stabilization in March and April, major losses set in in May and June . Ultimately, the Bitcoin price fell just below $20,000.
Will Bitcoin rebound in 2022?
After the big losses in the first half of 2022, we actually saw the Bitcoin price stabilize in July. The price passed $20,000 again and rose above $23,000 at times. Quite a few analysts saw a renewed surge in the second half of 2022.
However, we are in a bear market that usually lasts from several months to 2 years. Within bear markets, it is not unusual for us to see modest price increases again in the medium term. But massive bull runs seem unlikely.
How High Will the Bitcoin Price Rise in 2022?
The predictions for 2022 are not particularly positive. We can assume that the massive drop in Bitcoin price is now over. But a stronger rise in the second half of the year is quite unlikely.
In the near future, interest rates will be able to be raised again by the US central bank, the FED, in order to counter inflation in the US. Higher interest rates have a negative impact on risky investments like Bitcoin.
However, analysts see an increasing adaptation of bitcoin to higher interest rates. In this way, Bitcoin can actually act as a hedge against inflation again in the future and thus stabilize its price or even rise again. However, we are talking more about the years 2023 to 2024.
Can Bitcoin Price Reach $100,000?
After the big losses in 2022, many investors are wondering if the Bitcoin price can recover in the long term and ever reach $100,000. If we look at the price development of bitcoin over the long term, then it should be almost certain that bitcoin will enter a bull market again in the next few years.
In the next bull market, we should see prices much higher than $100,000. In the bull markets of 2020 and 2021, we saw price increases from $3,500 to $68,000, which was almost 20 times. Therefore, the potential for further price increases remains high.
When Will Bitcoin Reach $100,000?
Bitcoin price should re-enter a bull market, easily surpassing the $100,000 mark. But when could this happen?
The reality is that the Bitcoin price can probably only see massive price increases again in 2 years. The next Bitcoin halving will take place in the middle of 2024. The Bitcoin cycle in recent years has shown that price increases and the bull market starts after a halving event. The next halving event is expected in mid-2024 .
We can continue to see gains in the short and medium term over the next 2 years. However, it seems highly unlikely that the Bitcoin price will rise again to $100,000. The Bitcoin cycle will have to change completely to fulfill these hopes. Although this cannot be ruled out, it is unlikely.
The good news is that investors now have cheap Bitcoin prices available for a longer period of time and can thus invest in Bitcoin and accumulate Bitcoins for the next bull market.
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