In 2025, global economies are faltering. As markets — including crypto — react to Trump’s tariffs, there’s one question on the minds of many investors. Will Bitcoin keep going up from these levels, or are we entering a deeper correction? With another potential crypto bull run on the brink and rising interest from institutional investors, now’s the time to cut the noise and learn about market trends. Here’s what to know.
KEY TAKEAWAYS ➤ Bitcoin’s long-term trend remains bullish, fueled by halving cycles, institutional demand, and tightening supply. ➤ On-chain data tells a strong story — whales are buying, holders aren’t selling, and exchange supply keeps dropping. ➤ Short-term risks exist, but history shows BTC thrives through volatility and always rewards patience.
Everyone’s asking the same thing right now: how high will Bitcoin go from here? You’ve probably seen bold predictions floating around — some saying Bitcoin could hit $100K, others throwing around numbers like $250,000, or even more. But what’s real, and what’s just hype? The truth is, there’s a bit of both.
Some well-known voices in the space — like Tom Lee from Fundstrat — are super bullish. He thinks BTC could reach $250,000 by the end of this cycle, driven by stronger demand from institutional investors in crypto and cleaner regulation.
Even Robert Kiyosaki (yes, the Rich Dad Poor Dad guy) is on the same train, betting on Bitcoin to go that high, especially if governments start stacking it as a reserve asset.
On the flip side, platforms like Polymarket are a little more measured, projecting Bitcoin to land somewhere around $120K–$138K by the end of 2025.
Of course, there are some apprehensive or rather downright pessimistic takes flying around too. Some analysts warn that Bitcoin’s price could still dip, especially if global uncertainty sticks around. Mike McGlone from Bloomberg is one of them. He even flagged a possible drop to $10K if things unravel; though that’s definitely the worst-case kind of talk.
What does HODL stand for? Everyone's in for the long-term, as long as it's going up. Did not know how #Bitcoin was going to get to $100,000 from $10,000 in 2020, but the trends showed up. Now, I see the reversion path back toward $10,000. The technology is awesome as evidenced by…
— Mike McGlone (@mikemcglone11) April 6, 2025
Technicals? They’re mixed. In April 2025, BTC tested key support near $73,745, and if that cracks, we could see more downside. But hold that level, and the next crypto bull run could just be loading.
Basically, there’s no single answer. But the combination of growing adoption, potential supply shocks, and strong demand suggests that the upside potential is still in play — even if it’s not a straight line to the top.
To really get a handle on where Bitcoin could go next, it helps to look back. History has a funny way of repeating itself, especially in crypto. Let’s now see what that means.
The OG cryptocurrency has experienced significant price surges over the years. Here’s a concise overview of these peaks:
In November 2013, Bitcoin reached a price of $1,242. This surge was driven by increased media attention and growing interest from early adopters.
December 2017 saw Bitcoin soar to nearly $20,000. This remarkable rise was driven by mainstream adoption and heightened investor enthusiasm.
By April 2021, Bitcoin peaked at $64,895. This move was driven by institutional investments and widespread recognition as a digital asset. Do note that another peak — almost $69,000 — followed a few months later.
In November 2024, Bitcoin surpassed the $100,000 mark for the first time. However, it didn’t keep surging, instead facing massive price-related resistance.
These historical peaks demonstrate Bitcoin’s volatility but most notably its potential for substantial growth. Analyzing these trends can offers insights into the factors that drive price movements and help us formulate informed Bitcoin price predictions.
So now that we’ve looked at how Bitcoin has performed in the past, what’s next? What actually moves the needle when it comes to Bitcoin’s price?
One of the biggest forces behind every major crypto bull run is the Bitcoin halving. This event cuts the number of new BTC entering circulation in half, and happens every four years.
2020 Bitcoin HalvingMay 11, 2020Price at halving: $8,700ATH: $69,000 on November 10, 2021548 days post-halving2024 Bitcoin HalvingApril 20, 2024Price at halving: $62,000584 days post-halving will be October 20, 2025BTC ATH October 2025 It's all simulation, or you can… pic.twitter.com/mtk4kGazpN
— abstractXBT (@abstractxbt) April 12, 2025
It matters simply because of supply and demand. When fewer coins are being created, but people still want in (especially with more institutional investors in crypto), the price often spikes. Historically, price rallies have followed each halving, and with the latest one behind us, the stage might already be set.
Fact check: Post-halving periods have often seen significant price increases. For instance, after the 2020 halving, Bitcoin’s price surged from around $9,000 to over $60,000 within a year.
If you think it’s just retail investors buying in — think again. Big names like BlackRock, Fidelity, and even sovereign wealth funds have dipped their toes into Bitcoin via ETFs, custody services, and spot allocations. This isn’t just about hype. tI’s capital, credibility, and long-term conviction.
Fact check: As of mid-April 2025, MicroStrategy holds over 528,000 BTC, acquired at an average price of $67,458 per coin.
The more these players accumulate, the tighter the supply becomes for everyone else. That’s why many believe the next leg up in the market will be driven by big money — not just retail FOMO.
Then there’s the bigger picture. We’re talking interest rates, inflation, fiat devaluation; the whole macro mess. When traditional assets look shaky, Bitcoin starts to look like a hedge. In times of uncertainty, many see it as “digital gold” — a store of value that sits outside the traditional system.
During the 2021–2022 inflation spike, Bitcoin was seen as a hedge and climbed rapidly. But as central banks hiked interest rates, risk assets took a hit, including crypto.
Bitcoin is tied to real rates. They have topped and we will need to protect ourselves from inflation soon. It’s the same cycle everytime. Except this time rates are much higher and will fall much faster. More like 2017. If Trump wins. pic.twitter.com/bQjqv0G6bF
— 941 (@level941) July 5, 2024
It’s a double-edged sword. Rising interest rates or regulatory clampdowns can pull risk appetite away from crypto. So, if you’re watching where BTC might go next, keep an eye on central banks and global markets too.
Making sense of Bitcoin’s price dynamics requires more than just tracking market news. It also involves analyzing on-chain data, which can offer crucial insights into investor behavior and market sentiment. Let’s look at a few key metrics:
The HODL ratio reflects the proportion of Bitcoin held long-term versus short-term. Historically, a high HODL ratio indicates strong conviction among investors, often preceding price surges. For instance, in early 2020, a rising HODL ratio corresponded with Bitcoin’s ascent from around $7,000 to over $60,000 by April 2021.
The Realized HODL (RHODL) ratio compares the value of young vs. old coins and historically spikes near Bitcoin’s price tops, while cooling off during accumulation phases.
Large holders, or “whales,” significantly impact Bitcoin’s price. Recent data shows that whales have accumulated over 100,000 BTC since early March 2025, signaling confidence in Bitcoin’s long-term value. Such accumulation often precedes bullish market trends.
Monitoring Bitcoin reserves on exchanges provides insight into potential selling pressure. A decrease in exchange reserves suggests that investors are moving their holdings to cold storage, indicating a bullish sentiment. Conversely, increasing reserves may signal potential sell-offs.
Tools like the Fear & Greed Index gauge investor sentiment. Extreme fear can indicate a buying opportunity, while extreme greed may signal a market correction. In March 2025, the index reached a “greed” level of 75, aligning with Bitcoin’s price nearing $100,000.
These on-chain metrics provide valuable insights into market dynamics, complementing traditional technical and fundamental analyses.
So, will Bitcoin keep going up? Various experts have weighed in with their forecasts:
Make it $288,000 😎 https://t.co/riX6CT8yu0
— PlanB (@100trillionUSD) January 6, 2021
While price targets sound exciting — $100K, $250K, even $500K — the path up isn’t always clean. For every bullish cycle, there are headwinds that could derail the momentum.
Here’s what could slow Bitcoin down, or at least make the road to a new BTC all-time high more bumpy:
Governments still haven’t fully figured out how to regulate crypto. Every time there’s talk of banning self-custody, taxing unrealized gains, or restricting stablecoins, the market reacts.
While we’ve mentioned that BTC can somewhat act as a hedge, it’s not quite there yet.
So, while macroeconomic factors can sometimes boost Bitcoin, they can also cause investors to hit the brakes hard. Our guide exploring whether BTC can act as a safe haven during a recession explains more.
Sometimes it’s not the news — it’s us. The crypto bull run hype cycle can push valuations into unsustainable territory.
While Bitcoin’s core network is secure, the wider crypto ecosystem isn’t bulletproof.
With strong market trends, rising institutional adoption, and post-halving momentum, the long-term outlook still leans bullish. While short-term dips may test your nerves, history, on-chain data, and supply dynamics suggest that BTC isn’t done yet. All signs indicate that Bitcoin will keep going up. However, in crypto nothing is guaranteed, and we can certainly expect a number of twists and turns along the way.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research and never invest more than you can afford to lose.
If history, halving cycles, and growing demand are any indicators, then yes, Bitcoin is expected to keep going up over the long term. But short-term dips and volatility are part of the journey.
Analyst projections range from $100K to $250K, with some models (like Stock-to-Flow) forecasting even higher. While not guaranteed, strong Bitcoin market trends support the possibility.
It’s unlikely. With major institutional investors in crypto, global adoption, and a fixed supply, a complete collapse would require the entire network and trust layer to fail, which is highly improbable.
There’s no one-size-fits-all answer. Some investors follow the 1% portfolio rule, while others go heavier. Start small, do your research, and never invest more than you’re willing to hold through a dip.
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