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Bitcoin Could Surge To $1.7M, According To CryptoQuant
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Could Surge To $1.7 Million, According To CryptoQuant And Glassnode

Christian Encila
Christian Encila
4 months ago
2 mins read
Bitcoin

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As Bitcoin continues to establish new milestones, including a recent all-time high past the 108k mark, market analytics tools like CryptoQuant and Glassnode offer predictions for its future growth.

Both sites demonstrate that Bitcoin still has a lot of room to expand. CryptoQuant predicts a price range of $145,000 to $249,000 by 2025, with Glassnode’s research indicating even higher potential targets.

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Market Analysis By CryptoQuant

The CryptoQuant analysis is based on a number of critical elements, including institutional capital flows, a favorable regulatory environment, and past cyclical trends.

According to the analytics platform, an anticipated flood of fresh capital might lift Bitcoin’s price, using a realized cap multiplier that generally varies between 2 and 6 during bull markets.

BTC Realized Cap Multiplier. Source: CryptoQuant

This indicates that for every dollar of fresh investment, Bitcoin’s market value may rise by $2 to $6, indicating the possibility of large price increases. It is a rosy forecast, but one that must be carefully considered in light of market volatility.

#Bitcoin‘s current cycle continues to echo historical trends, particularly aligning with the 2015-2018 cycle.#BTC performance since the cycle low at the current stage of the cycle (no. of days since low):
⚫️2022 Cycle+: +630%
🔵2015-2018 Cycle: +562%https://t.co/9YVv2m2I0p pic.twitter.com/vBSwC8qm5T

— glassnode (@glassnode) January 21, 2025

Glassnode’s Historical Perspective

Conversely, Glassnode emphasizes historical trends and notes that the present trajectory of Bitcoin corresponds with the 2015–2018 cycle. Bitcoin surged in this cycle; if history repeats itself, it may rise far higher.

Glassnode’s projections, meanwhile, are more speculative; some models suggest that Bitcoin might perhaps hit $1.7 million, but this is quite improbable. These projections predate on the idea that Bitcoin would keep growing at its present pace.

Technical Signs And Market Mood

Technically, Bitcoin’s recent price fluctuations indicate strong momentum. Indicators like the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) point to even greater upside potential, with some experts predicting objectives of over $125,000.

However, holding onto current support levels is essential to keeping momentum going. Any notable drop in Bitcoin’s price would put investor trust in jeopardy.

BItcoin is currently trading at $104,918. Chart: TradingView

Global Economic Factors And Risks

Though the future seems bright, global economic events put a heavy pressure on the price trajectory of Bitcoin. Rising unemployment and geopolitical tensions could affect market confidence; meanwhile, regulatory reforms remain a major issue.

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Featured image from Pexels, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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