It became known when bitcoin cryptocurrency will reach $ 1 million

Crypto industry experts note that the flagship asset started the week on a bullish note, as did most of the altcoins in the top 100. Analysts predict further growth for virtual coins, and some of them are confident that bitcoin will exceed the $ 100,000 mark over the next few years.

Thus, a cryptocurrency analyst under the pseudonym PlanB confirmed his forecast made earlier this year — he claims that a halving of bitcoin could trigger the cryptocurrency’s growth above $ 32,000, and the culmination of the bull market in 2025 will lead to a jump in the BTC to $ 100,000 and above.

According to the expert, the price low of November 2022 was the «lower limit for bitcoin,» and he expected the market leader to double by 2024.

The analyst believes that a halving of the BTC in 2024 will bring the main crypto asset to the price range of $ 23,000 to $ 66,000, while the next bull market in 2025 could trigger bitcoin’s growth to the range of $ 100,000 to $ 1 million per coin.

CoinMArketCap shows that at the time of writing, bitcoin is trading at $ 26,824 with a market capitalization of $ 522.9 billion, up 0.6% overnight. Traders executed $ 15.1 billion worth of daily trades, a 96% jump. The market share of BTC is 49.1%.

It is noteworthy that bitcoin crossed the bullish cross for the first time in the last year. This is considered a positive sign. In addition, crypto experts believe that the upcoming halving of the market leader will lead to a powerful rally of the main cryptocurrency.