#BTC $BTC $BTC BTC Projected to Spike by 400% in Two Years

Bitcoin bulls are currently awaiting several advancements that could potentially trigger a price surge for the primary cryptocurrency. Such factors might be regulatory developments, the upcoming halving, positive market sentiment, increasing interest from institutional investors, and others.

Some prominent names, including MicroStrategy’s Michael Saylor, have laid out extremely bullish forecasts, envisioning BTC to reach the $1 million mark in the future. Others, like the technical analyst using the X handle CryptoCon, have been more modest.

In a recent post on the social media, they predicted that BTC seems poised for a spike to approximately $138,000 by the end of 2025. The chart depicting the possible trajectory outlines some vital support levels the asset needs to overcome and the halving, scheduled for the spring of 2024.

The latter is an event that occurs every four years and reduces the rewards for BTC miners in half. It is worth mentioning that the valuation of the leading cryptocurrency hit an ATH of almost $70K a year and a half after the latest halving.

CryptoCon has previously suggested that Bitcoin’s new peak by Christmas 2025 could be in the range of $145,000, claiming that numerous other expert predictions point out to a price of approximately $130,000 in the next bull run.