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Cryptocurrency News Articles

Bitcoin (BTC) Traders Project Higher Price Target as Whale Accumulation Spikes

Jan 19, 2025 at 05:45 am

Bitcoin (BTC) traders are projecting a higher price target for the largest crypto as whale accumulation spikes. The surge in BTC price to an all-time high above $107K and on-chain factors led to most analysts gauging a bull peak around $150K.

Bitcoin (BTC) Traders Project Higher Price Target as Whale Accumulation Spikes

Bitcoin (BTC) price traders are now eyeing a higher price target for the largest cryptocurrency as whale accumulation surges.

The recent BTC price rally to an all-time high above $107K and on-chain metrics led to most analysts gauging a bull peak around $150K. However, institutional demand and government interest has fueled a much higher sentiment in 2025.

$150K Is Too Low, Bitcoin Enthusiast Opines

In a recent analysis shared by crypto trader Alex Becker on Axios, he noted that a $150K price target for this bull cycle is low considering the level of institutional interest.

According to Becker, the price target can easily be broken and is way too short. He noted that BTC price at $150K is 1/6th the gold market cap.

For years, Bitcoin and gold backers have debated which asset is most valuable in light of present macro conditions. However, there is no reason for industry bulls to stop at 1/6th of an asset that is harder to hold, manage, access, and store.

Bitcoin is termed the digital gold and unlike the yellow metal, it is easier for investors to hold and transfer. Market participants also point to Bitcoin’s supply and scarcity against gold making it a better asset.

Furthermore, Bitcoin has recorded rising institutional demand especially due to spot ETFs and other macro factors. Also, Donald Trump’s election win ushered in a new wave of inflows.

With all factors considered, Becker noted that a target between $250K and $400K is ideal.

“But these make absolutely no damn sense in the current environment. In the case of the biggest countries, funds and corporations are all using it to store value…A market cap that is 1/6th of good is absolutely silly low. There is absolutely no reason for us to stop or cap at $150k. If we reach that there’s only more of a reason for us to go to 250k-400k,” he added.

Impact on Wider Market

The BTC price tapped a new all-time high above $107K, sparking optimism for a higher target. As bulls ramp up accumulations, altcoins whales are also preparing for a massive shift to their favorite assets.

Several investors now believe that an altcoin season may be on the horizon after Bitcoin hits its cycle peak.

At the moment, several altcoins like XRP and Cardano have shown signs of huge inflows. Ethereum whales also picked up large holdings andまとめています。気になったら翻訳してみてください。

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Other articles published on Jan 23, 2025