The path to $740,000: when Bitcoin reaches its peak

In early December, the price of Bitcoin reached $100,000 and continues to rise. Should we expect further growth to $200,000 or more?

Kickbacks are just a break

Before rising above $100,000, the price of Bitcoin first declined on November 25, 2 days after its new price record above $99,000. This brought some excitement to the market, but, according to analysts, this situation is quite normal and there are several reasons for. this.

When significant price levels are reached (especially if they are new notes), there will always be investors who will sell the coins and take a profit. According to the analytical platform CryptoQuant on November 26, 728,000 BTC were sold in the last 30 days, which is the biggest result since April 2024.

In addition, the price is influenced by other economic factors, including turmoil in traditional financial markets, as well as increased interest and confidence in US bonds. The 30-year yield rose 6 basis points to 4.68%, a level not seen since late May. The 10-year yield also rose 3 basis points.

Factors for Bitcoin’s continued growth

There are several signs that the first cryptocurrency will continue on its path above $100,000.

Big crypto investors are in no rush to sell their bitcoins, but even the other way around. According to Santiment, in November they bought 63,922 BTC for a total of $6.06 billion, and only about 5,000 coins were received on exchanges per day. This behavior continues to drive rate increases.

The market is flooded with stablecoins, which are its fuel. November saw the largest monthly influx of stablecoins ever recorded, with $9.7 billion to be spent on trading. In addition, Tether continues to issue new USDT – $16 billion appeared in November, and the trend continued in December.

According to CryptoQuant, in the current cycle, the large-scale impact of FOMO (fear of missing out) among retail investors has not yet occurred, which means that BTC has great potential for growth. In addition, the profit and loss index indicates that Bitcoin is not yet overvalued.

Another factor is the continued investment in BTC-ETF, which indicates confidence in the first cryptocurrency. For example, on November 27, funds received $103.03 million, a record $3.078 billion last week, and $34 billion since the launch of the tool at the beginning of the year.

Bitcoin at $740,000: is it possible

Based on the positive dynamics in the market, analysts make very optimistic forecasts about the future of Bitcoin. The first cryptocurrency has already crossed the $100,000 mark, but it is believed that this is just the beginning.

Analytics company Bernstein has suggested that BTC will reach $200,000 by the end of 2025, and there are several requirements for this. Some of the most important are the proposed replacement of the heads of the US Treasury Department and the SEC, the creation of a strategic Bitcoin fund and relaxations in the regulation of cryptocurrencies.

Pantera Capital went further and in their new report predicts the possibility of BTC to grow to $740,000 by April 2028. According to them, this is quite possible if the current average annual growth rate of 88% is maintained. Analysts also expect this situation if the new US government is really positive about cryptocurrencies.

When will the Bitcoin rally end?

There are 5 main signs that the rally is about to end:

• MVRV rose above 3.7

This ratio shows the ratio of the market capitalization of the coin to the realized capitalization – the value of the assets at the time of the last movement of the coins. 3.7 is the historical value for Bitcoin, where the highest price usually occurs and massive sales begin (because many investors made huge profits). Now the coefficient is 2.07.

• The index of fear and greed exceeded 80

On November 29, the value of the indicator was 84, although two weeks before it rose above 90.

• Realized capital – how much money flows into the market

As already mentioned, cash injections remain at a high level, supporting the bullish trend.

• Long-term investors are selling

This condition is not met today, as investors continue to accumulate assets and have used the recent Bitcoin drawdown to their advantage.

• Inter-Exchange Flow Pulse (IFP) – an indicator that tracks the movement of bitcoins to and from derivatives exchanges

According to CryptoQuant, the indicator is now moving in an upward trend.

So, all indicators indicate that the Bitcoin rally is not close to completion, which means that the optimistic forecasts about the first cryptocurrency are quite realistic.

How to make money with Bitcoin during the hold period

As the price of Bitcoin continues to rise, investors are choosing a buy and hold strategy – holding assets in their wallet. Of course, their capital will grow as the price of BTC increases, but what if they accelerate this growth and multiply their assets, regardless of the movement of the market and its speed?

This is exactly why the Earn passive income program at EXMO.com was created. With this, you can earn up to 5% per year extra on bitcoins while they are just sitting on your balance. In addition, there are other assets available on Earn that can bring you income, even if their price doesn’t change much.

For example, with stablecoins, the price of which is stable, you can now earn up to 15% per year!

Interest rates on some EXMO Earn assets. Source: EXMO

To start growing your assets, register on EXMO.com, buy Bitcoins, and then go to the Earn program page. There, select the desired asset, indicate the subscription amount and period, and then confirm. Everything is ready! Your bitcoins will start working for you, and the income will be available at the end of the subscription period.

Take the opportunity to multiply your bitcoins at EXMO.com even if you only hold them in your wallet!