Amid persistent bullish price predictions, Bitcoin would need to rally by a substantial level to turn fractions of a token to $5,000.
The crypto market is witnessing a rebound, and with this rebound comes increased confidence in potential. Specifically, Bitcoin (BTC) began its recovery push on April 21, spiking 2.7% that day to recover the $88,000 mark. The uptrend continued the next day, as BTC reclaimed $93,000 for the first time in two months amid a 6.83% intraday rise.
This rebound push halted as April came to a close, but resumed at the start of May, with Bitcoin spiking 2.5% on May 1 to retest the $97,000 mark. Despite a slight drop below the $97,000 mark, as the asset trades for $96,743 at press time, bullish sentiments remain high.
Intense Accumulation Amid Bullish Bitcoin Price Predictions
One of the factors contributing to the optimism is the flurry of bullish price predictions that have dominated the scene in recent times. For instance, market veteran Peter Brandt suggested that Bitcoin could hit the $120,000 to $150,000 range between August and September 2025.
Interestingly, certain tiers of addresses have continued to accumulate more Bitcoin tokens awaiting the realization of these bullish price predictions. In particular, retail investors holding between 0.001 and 0.01 BTC, as well as those with 0.01 and 0.1 BTC have persistently added to their balances.
Together, these addresses held a cumulative balance of 309,000 BTC by the end of last year, 2024. Today, this figure has increased to 310,650 BTC, translating to an addition of 1,650 BTC worth $159.6 million year-to-date.
At What Bitcoin Price Can 0.01 BTC be Worth $5,000?
As this category of addresses holding an average of 0.01 BTC continues to increase their balances in anticipation of a price surge, The Crypto Basic recently evaluated when a balance of 0.01 BTC, currently worth $967, could theoretically increase in value to $5,000.
Notably, for the balance of 0.01 BTC to rise to $5,000, Bitcoin would need to increase to a price of $500,000 per token. At this price, 0.1 BTC, currently worth $9,670, would grow to $50,000. However, with the asset currently changing hands at $96,743, the $500,000 target would require a 416.8% increase from the current price.
Remarkably, certain Bitcoin price predictions have projected an imminent run to this price mark. In September 2024, “Rich Dad Poor Dad” author Robert Kiyosaki said Bitcoin is going to $500,000 in 2025. Two months later, Matt Hougan, the Bitwise CIO, suggested that Bitcoin is still in its early growth phase until it claims the $500,000 mark.
Meanwhile, in February, analyst Michaël van de Poppe predicted that BTC would peak at $300,000 to $500,000 by the end of this year. Venture capitalist Chamath Palihapitiya also projected a possible Bitcoin rally to $500,000 this year. However, these predictions remain speculative.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
