The Bitcoin price is currently at $116,600 after successfully reversing the heavy selling pressure seen over the past week. Now, Bitcoin price predictions indicate significant gains are on the horizon.
It seems that the demand side is regaining control of the market, signaling a bullish outlook for Bitcoin’s future. This momentum is spurring a promising chart pattern that, if it completes, could spark a move toward $150,000 or $200,000 before the year ends.
As Bitcoin gains momentum, many traders have begun purchasing a new BTC-linked altcoin called Bitcoin Hyper. The project is developing a Bitcoin Layer 2 blockchain that is fast and supports smart contracts.
It is currently in a presale, allowing investors to participate early and maximize their value for money. So far, the presale has raised $7.7 million, demonstrating strong investor interest and the potential for long-term success.
Let’s examine how far Bitcoin can go this year and why Bitcoin Hyper could be a shrewd investment ahead of BTC’s next major rally.
Bitcoin is Mirroring the 2017 Bull Run Pattern
Prominent trader Ash Crypto recently released a higher-time-frame (HTF) Bitcoin price chart, comparing the current setup to that of 2017. The analyst highlights key structural similarities between the two, where consistently smaller distributions follow explosive runups.
“Bitcoin is echoing the 2017 bull run. Read the chart, and you’ll see that BTC is now in a parabolic phase,” he explained, adding, “It’s ready for $150k-$200k targets.”
According to this pattern, Ash Crypto’s Bitcoin price prediction for 2025 is between $150,000 and $200,000.
Interestingly, this aligns with several other respected analysts. For instance, multinational bank Standard Chartered predicts Bitcoin will reach $200,000 this year, while Bitdeer’s Jeff LaBerge forecasts Bitcoin could hit $150K to $200K.
However, that’s not the full story. Although Bitcoin’s HTF outlook appears bullish, it might not be out of the woods on the lower time frame (LTF) just yet.
Glassnode’s “Air Gap” Signals More Work to Be Done
Glassnode released a report on Wednesday explaining that Bitcoin’s rapid rise to its all-time high (ATH) of $123,000 in July has created an “air gap” of low supply between $110,000 and $116,900.
It states that this is a zone of relative uncertainty and ambiguity for the leading cryptocurrency. However, it notes that a clear break above $116,900 “would signal that the demand side is regaining control and provide early confirmation that the market has stabilized.”
Glassnode observed that the air gap caused a decrease in trading volume. Yet, $BTC’s 24-hour volume has surged 24% higher to $70 billion today. With this occurring as it approaches the $116,900 resistance level, it indicates brewing bullish momentum.
Ultimately, while our higher-timeframe Bitcoin price prediction targets between $150,000 and $200,000, the key question is when the move toward these levels will start, and that depends on breaking $116,9000.
But with trading volume increasing near the resistance, the breakout could happen imminently. Investors can sense a growing excitement, prompting them to seek out altcoins with greater growth potential.
One example is Bitcoin Hyper, with its presale raise crossing $7.7 million today, reflecting strong market interest.
Bitcoin Hyper Presale Raises $7.7M for Bitcoin Layer 2
Even if Bitcoin rises to $200,000 this year, which would be a big win, it still won’t make you rich unless you already possess a significant amount of wealth.
For traders looking to turn a few hundred or a thousand dollars into something meaningful, altcoins are usually the better choice. While not without risks, Bitcoin Hyper is gaining a reputation as one of the most promising altcoins on the market today.
The project is a Bitcoin Layer 2 blockchain that uses ZK-rollups and Solana Virtual Machine tooling to make Bitcoin cheaper, faster, and more reliable. It’s the first time a Bitcoin L2 has adopted these technologies, and it’s expected to offer a notable speed and security advantage over its competitors.
Bitcoin Hyper’s main goal is to create a new ecosystem on top of Bitcoin for secure DeFi operations, meme coin trading, and high-frequency payments. This setup could generate billions of dollars in new value and serve millions of users.
As a result, analysts support $HYPER for substantial gains, with the likes of Borch Crypto predicting 100x returns.
If Bitcoin reaches $200,000, it would require a market cap increase of about $2 trillion. Yet, less than 1% of that liquidity flowing into Bitcoin Hyper could easily meet the 100x price expectations set by Borch Crypto.
And with institutional adoption of Bitcoin rapidly increasing while the US is passing crypto-friendly legislation, Bitcoin Hyper will be launching in favourable conditions, raising the chances it could explode when it lists on exchanges.
This article is not intended as financial advice. Educational purposes only.
