Bitcoin continues breaking records, surpassing $108k with its growth trajectory implying more potential. Market analysts CryptoQuant and Glassnode foresee significant price surges: CryptoQuant projects between $145,000 and $249,000 by 2025, backed by institutional capital flows and favorable regulations, while Glassnode speculates a far-reaching $1.7 million.
CryptoQuant's predictions rely on investment inflows, predicting Bitcoin's market value could increase by 2 to 6 times during bull markets. Historical analysis highlights alignment with the 2015-2018 cycle, bolstering these projections.
Glassnode underscores Bitcoin's trajectory, tying it to past cycles, with optimistic, though less probable, forecasts of reaching $1.7 million. Market indicators like MACD and RSI suggest potential further increases, cautioning, however, against losing support levels crucial to sustaining momentum.
Despite promising predictions, external factors such as global economic tensions and regulatory reforms could impact Bitcoin's trajectory, making rising unemployment and geopolitical issues potential threats.
