Analyst Predicts A $170,000 Bitcoin Price If This Happens

Bitcoin bulls are back in charge, with some analysts predicting a surge to $170,000 by the first quarter of 2025, potentially even sooner.

As Bitcoin enters another halving cycle, historical data suggests this could trigger significant price movements in the coming months.

Back in 2020 and 2016, similar cycles saw Bitcoin experience gains of 20%, 30%, and 40% in October, November, and December respectively. Currently, all indicators are pointing towards another bullish cycle.

Adding to this optimism is the political landscape. According to forecasts from polymarket.com, there is a growing consensus that Donald Trump could win the next U.S. election.

If this plays out, Trump’s pro-crypto stance, including his pledge to remove SEC Chair Gary Gensler, could have a positive impact on the cryptocurrency market. Trump’s support for digital assets may bring favorable regulatory changes, further fueling Bitcoin’s rise.

BIG BREAKING