Key Points
- Bitcoin [BTC] could potentially reach between $150k to $200k by 2025, according to various industry insiders.
- Options traders are currently targeting the immediate goals of $110K and $120K.
Galaxy Research has recently predicted that Bitcoin [BTC] could reach a high of $150k by the first half of 2025. The firm even suggested that the cryptocurrency could climb to $185k by Q4 2025.
The team at Galaxy Research, headed by Alex Thorn, attributed these projections to increasing adoption by institutions, corporations, and even nation-states. They believe that BTC could capture 20% of the gold market’s size.
Projections from Other Crypto Firms
Several other cryptocurrency firms, including Bitwise, Blockware, and Steno Research, have also made their predictions for BTC in 2025. Bitwise suggested that due to accelerated adoption, BTC could hit $200k by the end of the year.
Blockware, however, has an even more ambitious outlook. They predict a bear scenario of $150k, with base and bullish outcomes of $225k and $400k, respectively. These targets are based on BTC adoption rates and the potential establishment of a U.S BTC Strategic Reserve (SBR).
In the past, BTC has performed well, especially during the Trump administration. This has reinforced bullish expectations around BTC. CryptoQuant’s founder stated, “Trump will make #Bitcoin strong.”
Options Market Positioning
The positioning in the Options market suggests that a move to $150k could be likely. However, the majority of bets are currently placed at $120k, according to the Open Interest (OI).
Other key strike prices targeted by Options traders include $110k, $100k, $130k, and $150k. Meanwhile, BTC has recovered by 5% from its recent lows of $91.5k, pausing at $97k.
Most of the recent price action seems to be driven by a liquidity hunt. Therefore, the significant short positions at $98k could soon become a price magnet. If this happens, the price could reach $98k or even retest the $100k psychological level.
