Analysts Forecast Bitcoin Rally Through 2025 Fueled by Supply Squeeze, ETFs, Rate Cuts
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Analysts correctly predicted Bitcoin's 2023 rally and have revised their 2024 and 2025 forecasts even higher based on tightening supply, enthusiasm for BTC ETFs, and expected interest rate cuts.
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For 2024, analysts now see Bitcoin averaging $64,400, ending the year at $85,000, up from previous forecasts of $50,900 and $75,000.
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The 2024 Bitcoin rally is expected to be fueled by BTC ETF approvals, coin accumulation by long-term holders, and tailwinds ahead of the 2024 halving event.
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For 2025, analysts forecast Bitcoin averaging $103,500 and ending above $120,000, driven by interest rate cuts, mainstream BTC adoption via ETFs, and broader US institutional investment.
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The bullish forecasts could prove wrong if BTC fails to gain wider adoption, especially among institutions, or if economic conditions deteriorate.