Bitcoin’s price has nearly doubled since early 2024, with a sharp 45 percent surge occurring within just two weeks following the U.S. presidential election. This strong rally has reinforced Bitcoin’s role in the so-called “Trump Trade,” as the president-elect’s favorable stance toward the crypto industry has fueled investor optimism toward digital assets.

Amid rising on-chain activity, key questions have emerged: Can Bitcoin sustain levels above US$100,000, and where might it stand five years from now? Below is a summary of Bitcoin’s technical outlook and long-term price forecasts, as cited from Cryptopolitan on Tuesday (December 23, 2025).

Short-Term Outlook: Pushing Toward the US$89K Zone

Bitcoin price action indicates strong bullish pressure, with BTC holding above the US$88,000 level.

• Resistance: US$89,352

• Support: US$84,023

As of December 20, 2025, declining bearish volatility accompanied a price surge toward US$89,000. Bitcoin is currently consolidating within a bullish channel.

The daily chart shows buying pressure dominating near the nearest resistance area. Trading volume slightly declined to US$683 million by Monday (December 22, 2025), suggesting easing market participation. BTC was trading at US$89,159, up more than 1.2 percent on the day.

The RSI-14 indicator climbed to 44, signaling that bullish momentum remains intact. Meanwhile, the four-hour chart shows bulls defending prices above the EMA trendline, with MACD indicators confirming positive momentum and reinforcing long-position confidence.

A sustained break above US$89,352 could trigger a rally toward US$93,920. Conversely, failure to maintain momentum may send BTC below the US$84,023 support, opening the door for a bearish move toward US$80,217.

Long-Term Bitcoin Price Forecast (2025–2031)

Future price movements are expected to be driven by growing institutional demand via Spot Bitcoin ETFs, potential U.S. interest rate cuts, and the effects of Bitcoin’s halving cycle.

By December 2025, despite potential downside pressure toward US$84,000, Bitcoin is expected to experience modest accumulation, with an average price near US$95,000 and upside potential reaching US$105,000.

Throughout 2025, historically a strong post-halving year, overall sentiment is projected to remain bullish. Cryptopolitan analysts estimate a maximum price of US$110,000, a minimum of US$68,000, and an average of around US$100,000.

From 2026 to 2031, growth is expected to moderate following the post-halving surge. However, continued ETF inflows and new financial products are anticipated to sustain bullish conditions and drive prices to new highs, potentially exceeding US$300,000 by 2031.

Analyst Views: Million-Dollar Scenarios

Some analysts present even more ambitious forecasts. CoinCodex previously projected Bitcoin could reach US$158,827 in 2025 based on halving-driven cycle analysis. Cathie Wood of Ark Invest has suggested Bitcoin could hit US$600,000 by 2030, with a bullish scenario extending to US$1.5 million following broader ETF adoption.

Is Bitcoin a Good Investment?

Rising institutional interest through ETFs has strengthened Bitcoin’s appeal as an investment asset. However, its relatively short history and extreme volatility still pose significant risks. Experts advise investors to base decisions on financial profiles, risk tolerance, and long-term goals, while seeking professional guidance and fully understanding the systemic risks associated with high-risk assets.

Bitcoin’s recent rally has been shaped not only by crypto-specific supply-and-demand dynamics but also by broader macroeconomic and political factors in the United States. While Bitcoin historically follows a four-year halving cycle, external drivers have played a larger role this time. The approval of Spot Bitcoin ETFs has unlocked substantial institutional capital inflows, and political sentiment—particularly President-elect Donald Trump’s pro-crypto stance—has injected renewed optimism. The Trump Trade reflects expectations that future U.S. policies will be more supportive of crypto development and regulation, enhancing Bitcoin’s long-term appeal and intensifying speculative price activity.