"During the crypto bull market of 2025, Bitcoin ( ) seemed unstoppable, fueling bold predictions that it would reach $150,000, $250,000, or even higher by year's end. Analysts like Tom Lee from Fundstrat projected $200,000 to $250,000. Cathie Wood from ARK Invest still forecasts Bitcoin hitting $1.2 million by 2030 . A rising tide can make even fools look like geniuses, let alone smart, savvy investors. But as Warren Buffett noted, it's only when the tide goes out that you see who is swimming naked."
"After briefly hitting $126,000 in October, Bitcoin began to pull back, only to plummet during the October flash crash that saw $19 billion in leverage liquidated. Prices kept falling afterward , and today, Bitcoin stands at about $89,450, just 6% above the low of $84,400 hit on Dec. 18 (there was one brief blip on Dec. 24, when it plunged to $24,000 on Binance 's BTC/USD1 pair before rebounding)."
"Citigroup outlines a bear case with Bitcoin dropping to $78,500 in 2026, citing potential global recession impacting risk assets (its bull case says it can go to $143,000). Meanwhile, Capriole Investments founder Charles Edwards warns of prices below $50,000 by 2028 if quantum-resistant upgrades aren't implemented soon. Bloomberg Intelligence 's Mike McGlone, however, forecasts a severe reversion, with Bitcoin potentially crashing all the way down to $10,000 this year, due to increasing crypto competition and a reversion to the mean from speculative highs."
Bitcoin's rapid 2025 rally generated high price forecasts, including $150,000–$250,000 near-term targets and a long-term $1.2 million projection by 2030. After briefly reaching $126,000 in October, Bitcoin plunged in an October flash crash that liquidated $19 billion of leverage and subsequently declined to about $89,450, only 6% above the Dec. 18 low of $84,400, with a brief Dec. 24 blip to $24,000 on Binance's BTC/USD1 pair. Bull cases point to potential rallies to $150,000 in 2026, while bear scenarios from Citigroup, Charles Edwards, and Bloomberg Intelligence project much lower outcomes driven by recession risk, deleveraging, competition, and technical vulnerabilities.
Read at 24/7 Wall St.
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