When will Bitcoin reach $100,000? Here’s a Conservative Projection


The Bitcoin price fell massively in 2022. With the onset of the bear market, we saw losses of over 80% from its 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?

Bitcoin price 100,000

How did Bitcoin Perform in the last 12 months?

In the last 12 months, we have seen heavy losses in the Bitcoin price. In November 2021, Bitcoin reached its all-time high of over $68,000. But 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.

BTC race 1 year
Bitcoin price in the last 12 months, source: Coinmarketcap

Bitcoin price had fallen to $48,000 at the beginning of 2022. It didn’t get any better as a result, as we saw further losses in the Bitcoin price in early 2022. After a slight stabilization in March and April, heavy losses set in in May and June. Ultimately, the Bitcoin price even fell right below $20,000.

Will Bitcoin go up again in 2022?

After the heavy losses in the first half of 2022, we actually saw the Bitcoin price stabilizing in July. The price surpassed the $20,000 mark again and at times even rose above the $23,000 mark. Quite a few analysts saw a renewed increase in the second half of 2022.

bear market

However, we are in a bear market that usually lasts several months to 2 years. Within bear markets, it’s not uncommon for us to see modest price gains again over 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 the Bitcoin price is now over. But stronger gains in the second half of the year are rather unlikely.

In the near future, interest rates could be raised again by the American central bank, the FED, to counteract inflation in the USA. Higher interest rates have a negative impact on risky investments like Bitcoin.

Federal Reserve

However, analysts see an increasing adjustment of bitcoin to higher interest rates. In this way, Bitcoin could actually act as a security against inflation again in the future and thus stabilize the price or even rise again. However, we are talking more about the years 2023 to 2024.

Can Bitcoin Price Reach $100,000?

After the heavy losses in 2022, many investors are wondering whether 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 2020 and 2021 bull markets, we saw price surges from $3,500 to $68,000, which was almost 20x. Therefore, the potential for further price increases is still great.

When will Bitcoin reach $100,000?

The 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 could probably only see massive price gains again in 2 years. The next Bitcoin Halving will occur in mid-2024. The Bitcoin cycle in recent years has shown that price gains and the bull market start after a halving event. The next halving event is expected in mid-2024 .

We could continue to see short and medium term gains over the next 2 years. However, it seems very unlikely that the Bitcoin price will rise again to $100,000. The Bitcoin cycle would have to change completely to fulfill these hopes. While 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.

CLICK HERE TO INVEST IN BITCOIN AT BITFINEX!

This image has an empty alt attribute.  The filename is image.png

CLICK HERE TO INVEST IN BITCOIN AT BINANCE!

This image has an empty alt attribute.  The filename is 2000px-Binance_logo.svg_.png

GO TO THIS LINK TO INVEST IN BITCOIN AT COINBASE!

coinbase

GO TO THIS LINK TO INVEST IN BITCOIN AT KRAKEN!

This image has an empty alt attribute.  The filename is Kraken-lockup-new-whitebg.png

CLICK HERE TO INVEST IN BITCOIN ON FTX!

FTX


You might also like


More from Bitcoin News

Spread the love