As a seasoned crypto investor with over a decade of experience under my belt, I must admit that Ari Paul’s prediction of Bitcoin reaching $125,000 during the ongoing “seven inning” has certainly piqued my interest. Having witnessed the wild and unpredictable nature of the cryptocurrency market firsthand, I’ve learned to take such predictions with a grain of salt and a healthy dose of skepticism.
As a crypto investor, I’m excitedly watching Bitcoin (BTC) as it seems to be in the middle of its “seventh inning,” potentially having two more growth phases yet to unfold. If this bull run continues, we could see the price of BTC soaring as high as $125,000, opening up thrilling trading opportunities on rapidly escalating markets, according to seasoned investor Ari Paul.
$90,000-$125,000 per BTC, then parabolic growth: Ari Paul on Bitcoin’s “seventh inning”
Bitcoin (BTC), the dominant cryptocurrency, is moving into the initial stage of what could be considered its final third in this ongoing bull market rally, according to Ari Paul, founder and CIO of BlockTower Capital fund, as he stated on his personal platform on November 8th, 2024.
In my opinion, we’re nearing the final stages of a bull market. We’ve reached about one-third of the last one-third, and the current buyers are strategically positioning themselves for a potential 6-12 month rally. This seems to be more of an institutional rather than retail-driven speculation. I anticipate a steady, gradual increase during this phase, possibly…
— Ari Paul ⛓️ (@AriDavidPaul) November 8, 2024
In this particular phase (rather than the seventh out of nine innings in a baseball game), Bitcoin (BTC) is expected to carry on its steady increase. This could potentially lead to BTC hitting $90,000 or even $125,000 over the course of the current game, according to Paul’s prediction. Primarily, these impressive trends are anticipated to be driven by long-term investors who have a timeframe of 6 to 12 more months for further upward momentum.
In this current stage, the impact of institutional adoption on Bitcoin’s (BTC) performance is greater than that of individual or retail investors. As a result, it seems likely that its growth will continue to be stable for the coming months.
Gradually, the scenario is evolving as an increasing number of retail investors pour in their funds. This influx, in turn, will heighten both market volatility and the potential for utilizing higher levels of financial leverage in Bitcoin derivative trades. Consequently, the market is likely to present more chances for bold trading tactics.
According to Paul’s prediction, the largest cryptocurrency is likely to experience significant surge during the eighth and ninth innings. He didn’t specify an exact timeline for the peak of this growth spurt, but some of his followers suggest it might occur in early Q4, 2025.
In the year following its halving in 2021, Bitcoin (BTC) reached two significant peaks. It first hit approximately $69,000 in May, and then exceeded that figure again in November.
Altcoin season in 2025? Raoul Pal won’t be surprised
Previously reported by U.Today, Ari Paul foresaw a bullish fourth quarter of 2024 for Bitcoin (BTC) as early as January 2023. This prediction was made when the leading cryptocurrency was trading at a dismal $22,000 following the fall of FTX.
Amid the general uber-bearish sentiment, he indicated $100,000 as the target for BTC in 2024.
In the comments beneath the post, Paul proposed an idea that during the final stages, by properly managing risks, extremely volatile investments could potentially yield substantial returns.
Yesterday, Real Vision CEO and economist Raoul Pal expressed similar thoughts, implying that Ethereum (ETH) could potentially surpass Bitcoin (BTC) during future stages of the bull market.
Pondering aloud…
— Raoul Pal (@RaoulGMI) November 8, 2024
According to Pal’s prediction, it is likely that Solana (SOL) and Sui (SUI) may surpass Ethereum (ETH) in terms of growth.
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2024-11-09 16:31