Three signs Bitcoin will soon be worth more than $100k
Bitcoin has already grown by 55% in 2024, including a 12.5% increase in October. There are several key signals that suggest the start of a new bull cycle.
1️⃣ Breakout from consolidation
Historically, when Bitcoin enters a consolidation phase, it usually signals significant growth. In October 2024, Bitcoin showed signs of breaking out of this long period. Analysts predict that the price could exceed $100,000 in 2025 and continue to rise to $250,000 in the future. This pattern aligns with Bitcoin's previous bull cycles.
2️⃣ Whale activity on exchanges
Data shows that large Bitcoin holders (so-called whales) have begun accumulating assets again, similar to what we saw before previous bull runs. The behavior of whales before the 2020 surge suggests they are positioning themselves for another rally after the 2024 halving.
3️⃣ Declining stablecoin dominance
When investors start moving capital out of stablecoins (USDT, USDC, DAI), it typically signals a rise in major cryptocurrencies, including Bitcoin. The market share of stablecoins has been declining since mid-2024, indicating that liquidity is returning to BTC, with expectations of further growth.
🐂 The bull run is upon us and the signs are all there to support a strong close out for the remainder of the year.
