The Bull Cycle was considered when Bitcoin prices tragically fell to $75,000 in early March 2025. It reached an all-time high of over $100,000.
Contrary to popular belief, Bitcoin prices have since built up several new all-time highs, with current record at around $122,800. Interestingly, the consensus of the currently popular market is that it is only a matter of time before BTC prices reach a seven-figure valuation.
How will Bitcoin reach $1 million in 10 years?
In a recent post on the X platform, Blockware bitware analyst Mitchell Askew joined the growing list of experts to propose a $1 million forecast for the leading cryptocurrency. Analysts say BTC prices are expected to achieve this major milestone over the next decade.
What’s interesting is that Askew expects Bitcoin prices to reach a $1 million valuation over the next decade. Crypto Intelligence experts believe that “the days of the parabolic ounmarket and catastrophic bear market are over” for the flagship cryptocurrency.
Source: @MitchellHODL on XAskew emphasized that Bitcoin appears to be two completely different assets in the US before and after the launch of Spot Exchange-Traded Funds (ETFs). With this shift, analysts expect the price of BTC to reach $1 million due to consistent vibrations between the “pump” and “integration.”
Askew added:
It gets bored until everyone dies along the way, shaking tourists from their positions.
It is worth mentioning that Askew’s paper is consistent with recent claims that Bitcoin Cycle theory is dead. Essentially, both beliefs state that the best cryptocurrencies are unlikely to experience the expanded bear market that normally follows the Bull Run.
Bloomberg ETF experts support the “pump and integration” theory
Bloomberg ETF analyst Eric Bulknath agreed with Askew’s theory of the movement and trajectory of Bitcoin prices since spot exchange funds came to the market. Critics say the Bitcoin market has seen less volatility and less corrections since BlackRock applied for the Spot BTC ETF.
Ultimately, the air of improved stability around the best cryptocurrencies has made it a more attractive investment option for players at large institutions. Balchunas also acknowledged that as seen in the past, it is unlikely that BTC prices will experience a major surge in the short term.
Over the past week, Bitcoin prices have moved mostly sideways, vibrating between the $120,000 and $115,000 levels. At the time of this writing, the market leader was valued at around $117,900, reflecting a 0.4% price increase over the past day.
ISTOCK featured images, TradingView chart
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