The bull bike was considered over when the price of Bitcoin fell tragically Against $ 75,000 earlier in March 2025. After noting a maximum of over $ 100,000, most investors feared that the main Cryptocurrency had already reached its peak for the current cycle.
Contrary to what you think, the price of Bitcoin has since created several new holidays, with the current record high of about $ 122,800. Interestingly, the now popular market consensus is that it is only a matter of time before the BTC award reaches seven-digit valuation.
How will Bitcoin hit $ 1 million in ten years?
In a new one Post on x Platform, Blockware Bitcoin analyst Mitchell Askew has joined a growing list of experts to present a projection of $ 1 million for the main Cryptocurrency. According to the analyst, the price of BTC is expected to achieve this large milestone over the next ten years.
What is interesting is that Askew expects the Bitcoin price will reach a $ 1 million valuation over the next ten years. Crypto Intelligence Expert believes that “the days of parabolic bull markets and devastating bear markets are over” for flagship Cryptocurrency.
Source: @MitchellHODL on X
Askew stated that Bitcoin looks like two completely different assets before and after the launch of Spotby -traded funds (ETFS) in the United States. With this displacement, analysts expect the price of BTC to reach $ 1 million through a consistent oscillation between “pump” and “consolidate”.
Askew added:
It will boring everyone to death on the road and shake the tourists out of their positions.
It is worth mentioning that Askew’s dissertation is consistent with the latest claim that Bitcoin cycle theory is dead. In essence, both beliefs say that the main Cryptocurrency is now less likely to experience the expanded bear market that usually follows a bull driving – a theory based on the introduction of institutional players through Spot ETFs.
Bloomberg ETF Expert supports ‘Pump and consolidate’ theory
Bloomberg ETF -analyst Eric Balchunas agreed With Askew’s theory of the movement and the track for the Bitcoin Prize since the spot-traded funds hit the market. According to Pundit, the Bitcoin market has witnessed less volatility and fewer corrections since Blackrock submitted a place BTC ETF.
In the end, the air with increased stability around the main Cryptocurrency has made it a more attractive investment alternative for large institutional players. Balchunas also acknowledged that the BTC price is now less likely to experience large over voltages for short periods – as previously seen.
During the past week, the price of Bitcoin mostly moved sideways and swung between the levels of $ 120,000 and $ 115,000. From this writing, the market leader is valued at approximately $ 117 900, which reflects a price increase of 0.4% on the past day.
Image from iStock, chart from tradingview
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