The world's largest token is off from its brief peak above $108,000 in December, but is attempting to return above the 50-day moving average.

Standard Chartered projects a $200,000 Bitcoin price target in 2025. Analyst Tom Lee of Fundstrat Global Advisors predicts Bitcoin will hit $250,000 in 2025. Venture capitalist Chamath Palihapitiya suggested Bitcoin could reach $500,000 by October 2025 and tossed out a $1 million projection by 2040.

Bitcoin (BTC), the world’s oldest and most valuable crypto, managed to nearly touch the $100,000 mark early Monday, potentially signalling a return of bullish trend in the sector. It is largely believed that major companies including MicroStrategy zeroing in on Bitcoin purchases could lead to the latest rally.

After a historic surge of interest and market growth following President-elect Donald Trump’s win, the cryptocurrency industry hopes to have an even better 2025. Trump’s win and President Joe Biden’s oncoming departure have excited crypto enthusiasts and caused the price of bitcoin to surge to new all-time highs in a postelection rally.