Bitcoin rally is now expected as high as $125,000 by the end of 2024, according to Matrixport, a provider of cryptocurrency services and one of the few companies to turn Bitcoin bull run late last year. The prediction is based on statistics showing that after prices signal the end of a bear market, which they accomplish by establishing a 12-month high for the first time in at least a year, a multi-month bull market that includes a stratospheric leap in market value will unfold. Quick Getaway: Looking for a platform that offers the best Cryptocurrency trading strategies? Sign up at Coinlocally to enjoy demo trading, which provides the best strategies for you as a crypto trader.  Table of Contents • Bitcoin Price Analysis • Will Bitcoin Price Surge Again In 2023? • Bitcoin Price Growth History • Can Bitcoin Price Rally Reach $100,000 by 2023? • Can Bitcoin Market Rally Reach $1,000,000 by 2025? • Will the Current Bitcoin Price Momentum Reverse in 2023? • Conclusion Bitcoin Price Analysis As soon as prices reached $31,000, their highest level since June 2022, that signal was raised late last month. In the past, prices have risen after previous indications in August 2012, December 2015, May 2019, and August 2020. For the first time in a year, the Bitcoin rally reached a new one-year high on June 22, 2023. According to Markus Thielen, head of research and strategy at Matrixport, this signal has traditionally signaled the end of bear markets and the beginning of new crypto bull markets. According to Thielen, “If the past is any indication, the average return of the signals triggered in 2015, 2019 and 2020 indicates that the price of bitcoin might increase by +123% over a period of twelve months and by +310% over a period of eighteen months. Accordingly, prices would increase to $65,539 in a year and $125,731 after a year and a half.” Thielen called the 2013 price surge of 5,285%, which followed the 2012 warning, an “epic, out-of-proportion” bull market.   Will Bitcoin Price Surge Again In 2023? According to the most recent data gathered by CoinMarketCap, a Bitcoin rally is once again on the road to recovery. The coin is now trading at $30,500, up around 1% over the last week, giving it a monthly gain of 12.87%. Due to a variety of micro and macro reasons, Bitcoin’s flow was unpredictable until it ultimately crossed the crucial $31,000 level. The bounce back of Bitcoin over the past two weeks has been facilitated by factors such as the decline in the value of the dollar, a slowdown in inflation data, and the cessation of rate rises in the United States, among others. According to CoinMarketCap, the market value of all cryptocurrencies has grown by roughly 1.37% during the last day, hitting $1.19 trillion. When the U.S. Securities and Exchange Commission, SEC, sued one of the top cryptocurrency exchanges, Binance, and its founder and CEO, Changpeng Zhao (CZ), Bitcoin had dropped below $26,000 and was trading at a three-month low prior to this rally. The price of bitcoin was declining when Binance, one of the top cryptocurrency exchanges, had problems with the U.S. SEC over the inappropriate management of customer funds and violations of securities law. In its complaint, the US SEC accused Binance of engaging in a sophisticated scheme to circumvent US federal securities rules by establishing two corporations known as Binance.US and Binance.com.  A company owned by its creator CZ is also accused of taking part in manipulating the trading volume of cryptocurrencies listed on its Binance U.S. platform.     Bitcoin Price Growth History Investors begin to question how much Bitcoin could be worth in the long run if there are signs of a Bitcoin rally. Bitcoin initially didn’t seem to be worth much. A May 2010 request for two large pizzas in return for 10,000 Bitcoin is the first instance of a physical good being purchased with digital currency.  The price of a Bitcoin skyrocketed to $1,000 in 2013, fell short of $20,000 in 2017, and then there was a Bitcoin rally to around $68,800 per coin in November 2021. From a coin’s pizza-based pricing of 0.2 cents, Bitcoin has come a long way. Laszlo Hanyecz effectively spent $212 million on those tomato pies at the current price of $21,230 per Bitcoin.  Therefore, it could appear reasonable to anticipate a million-dollar price tag within the following ten years if the cryptocurrency’s value rose by more than 10 million times in just 12 years. If we carefully examine the data, previous Bitcoin halving occasions have been able to identify long-term bullish drivers for the price of Bitcoin. The halving of Bitcoin’s supply, which causes a Bitcoin rally, is intimately tied to the deflationary tendency of the cryptocurrency.  The entire supply of Bitcoin is capped because it is a decentralized cryptocurrency and cannot be issued by governments or any central banks. The so-called “Bitcoin Whales” have also resumed their BTC holdings. The large Bitcoin whales keep between 1,000 and 10,000 BTC in their wallets, according to data from on-chain aggregator Santiment.  This demonstrates that investors have been stocking up on BTC, which may be a sign that the Bitcoin rally is starting again.     Can Bitcoin Price Rally Reach $100,000 by 2023? We are all aware that the Bitcoin rally has started with more than an 80% increase since the year’s beginning. With such enormous and unexpected growth, it has undoubtedly outperformed a number of other important assets and provided fantastic returns to those who purchased BTC at a discount. The world’s largest cryptocurrency has reached a new height, and the market is very excited to see what comes next. Bitcoin rally will hit new record highs this year, predicts Marshall Beard, chief strategy officer at the American cryptocurrency exchange Gemini.  “$100,000 price figure is an interesting number if Bitcoin rally gets to its previous record high of near $69,000,” he said. In order for Bitcoin to hit the magical $1