Bitcoin is expected to have a bullish breakout in 2025, potentially reaching over $100,000

From Nasdaq

September 30, 2024 8:30 AM:

Bitcoin is showing strong gains in 2024 but has faced choppy price action since March. A bullish breakout is expected in 2025, with a potential price target of over $100,000 fueled by a monthly bull flag pattern. FTX clients are set to receive $16 billion in repayments, potentially sparking a Bitcoin rally. Institutional adoption and IBIT options approval add to Bitcoin’s bullish outlook for 2025.

Zacks names a top semiconductor stock with significant growth potential. With a focus on AI, ML, and IoT, the company is poised for success in the rapidly expanding semiconductor market. Global semiconductor manufacturing is projected to reach $803 billion by 2028. This stock has the potential for significant growth compared to larger competitors like NVIDIA.

The approval of options trading for the Bitcoin ETF by the SEC is a positive development for the cryptocurrency industry. Institutional adoption continues to grow as countries, ETFs, and companies like MicroStrategy embrace Bitcoin. These factors, along with IBIT options approval and the FTX repayments, are expected to drive Bitcoin’s price higher in 2025, possibly reaching $100,000.

Read more at Nasdaq: Bitcoin: “Uptober and the Road to $100k”