Bitcoin (BTC) has once again surged to all-time highs, recently crossing the $80,000 mark for the first time in history.

This rise comes after the US election cycle, with President Donald Trump winning, sparking renewed interest in the cryptocurrency market. So what’s the next high for Bitcoin?

Could Bitcoin Hit 100K Before 2025?

This is what we will discuss with you in this article!

US Elections as a Catalyst

Historically, US elections have served as a catalyst for Bitcoin price movement. Since its inception in 2009, Bitcoin has experienced three election cycles, each of which was followed by a significant rally.

A look at these past cycles shows that Bitcoin has never returned to its Election Day price, with gains - despite a subsequent decline - remaining significant.

In 2012, the price of Bitcoin rose by about 10,000% within a year after the election, reaching more than $1,100 from an initial price of about $11.

In 2016, the price of Bitcoin rose from around $700 to $18,000 by December 2017, an increase of about 3,600%.

In 2020, amid the COVID-19 pandemic, Bitcoin's price rose 478%, peaking near $69,000 within a year of the election.

If historical patterns continue, Bitcoin could see another significant surge. While the volume of each rally has decreased, the trend remains bullish, supporting a 47.8% gain that could push Bitcoin past the $100,000 mark by late 2025. This prediction is in line with the diminishing returns seen between cycles, indicating an expected, if moderate, price appreciation.

Is it possible for Bitcoin to reach 100k?

A prominent cryptocurrency analyst has suggested that Bitcoin will soon hit $85,000, claiming that the price surge will be driven by Trump’s return to the White House.

In a post, Ali Martinez said that the first cryptocurrency in history is “playing out as expected.” Martinez predicted that Bitcoin will reach $78,000 but will drop to $71,500 before rising to an all-time high of $85,000.

In a previous post, Martinez had already stated that Bitcoin is “going according to plan.”

He said Bitcoin would rise to $72,000, then drop to $69,000 before rallying to $78,000.

Bitcoin bullish trend

Another market watcher predicted that there is a high possibility of Bitcoin increasing in value by 30% to 40%, but he does not see the digital currency repeating the 368% rise that occurred in previous cycles.

CryptoQuant's Ki Young Joo made the prediction after Bitcoin hit $75,000, which he believes was heavily influenced by the US election results.

Joe explained that this led to the price rising to reach this level, which made Bitcoin one of the largest financial assets in terms of market value.

Joe urged investors to take profits stealthily during “pain max” phases which are essential to understanding Bitcoin’s market dynamics.

He said that Bitcoin follows a cyclical nature, explaining that new traders usually take losses when the market is bearish. After two years, investors see their digital assets change when the “pain max” phase ends.

However, some analysts have predicted a potential slump for Bitcoin after the recent price surge, saying it broke the upper Bollinger Band as a sign of overbought conditions.

They noted that there may be increased pressure to sell and take profits due to the appearance of red candle formations.

Bitcoin was in the overbought zone or above 70 on the Relative Strength Index (RSI) chart but has now pulled back to 67.34 indicating a “loss of bullish momentum” and a possible price correction.

Here we come to the end of the article, we hope you found it useful and enjoyable.

What do you think the next Bitcoin peak will be and when will it be reached? Share your thoughts with us in the comments.