Bitcoin May Test $100,000 in Coming Days, Top Analyst Predicts

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Known crypto expert Michael van de Poppe recently posted a Bitcoin chart, accompanied by his optimistic short-term price forecast.

The prediction is based on the recent trend that the most valued cryptocurrency globally, by market cap, has seen a modest recovery of over 7%, pushing its value near $98,000 briefly.

Bitcoin may test $100,000 in coming days, Poppe says

Michael van de Poppe posted a Bitcoin (BTC) chart, noting that BTC has shown exceptional weekly gains. Over the past few days, starting from Monday, Bitcoin has surged by approximately 7.25%, moving up from around $90,700 and currently hovering near the $97,270 range today.

Poppe stated that he “wouldn’t be surprised with testing $100K coming days.”

#Bitcoin has a tremendous weekly. Wouldn’t be surprised with testing $100K coming days.

— Michaël van de Poppe (@CryptoMichNL) January 15, 2025

Tom Lee says Bitcoin might plunge to $50,000

Tom Lee, Fundstrat’s chief expert, shared his insights about Bitcoin during a recent interview on CNBC. He predicted that the price of Bitcoin could drop to around $70,000 in the near future based on his and Fundstrat’s tech analyst’s expectations. The temporary dip below the $90,600 zone earlier this week, which he described as a “normal 15% correction,” is typical for such high-volatility assets like Bitcoin.

In another possible situation, Bitcoin might drop down to $50,000, but then potentially rebound and surge again. In summary, Lee predicts that Bitcoin could be one of the top-performing assets in 2021 and estimates it will reach $250,000 by the end of 2025.

Currently, Bitcoin is being traded at approximately $98,400. It’s been on an upward trend, as evidenced by a large green candle on the hourly chart. This recovery appears to have begun following news about the incoming U.S. president’s plans to alter his strategy regarding trade tariffs and ahead of the release of important inflation indicators, such as CPI (Consumer Price Index) and PPI (Producer Price Index), which are predicted to show an increase compared to December levels.

MicroStrategy brings huge BTC yields to holders

On Tuesdays, Michael Saylor, the founder and executive chairman of MicroStrategy business powerhouse, shared via a tweet that over the course of the previous week, MSTR’s treasury operations had yielded an additional 1,440 Bitcoins for MSTR shareholders. This equates to approximately $138.2 million when converted using the Bitcoin exchange rate of around $96,000, as was current on Tuesday at the time he posted his tweet.

0.32 Bitcoin represents an increase in their current holdings, which are approximately 450,000 Bitcoins, following two major Bitcoin acquisitions disclosed by MicroStrategy in January.

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2025-01-15 18:08