Bitcoin was back in the news this week after surging past $104,000 before retracting a bit. The rally, which started around May 7, propelled the world\u2019s largest cryptocurrency from $93,000 to as much as $104,000 by May 9.<\/p>\n
After retreating 4% in the following 24 hours, Bitcoin<\/a> still maintained a weekly gain of around 6%. That short-term action is now driving larger predictions, including one that forecasts Bitcoin will increase another 10 times in value.<\/p>\n Muneeb Ali, the brains behind the Bitcoin Layer 2 solution Starks, thinks the next giant leap is imminent. In his opinion, Bitcoin has already taken three distinct steps in its price trajectory: from $100 to $1,000, then to $10,000, and then to over $100,000.<\/p>\n i\u2019ve seen bitcoin go:<\/p>\n \u2013 from $100 to $1,000. one more 10x to $1,000,000 is inevitable.<\/p>\n \u2014 muneeb.btc (@muneeb) May 8, 2025<\/a><\/p>\n Ali pointed out how each move took more time but followed a familiar pattern. In 2013, Bitcoin climbed from $100 to $1,000 in four months. Four years later, in 2017, it reached $10,000. By December 2024, it had crossed the $100,000 mark. Based on that path, Ali said another 10x jump to $1 million isn\u2019t just likely \u2014 it\u2019s \u201cinevitable\u201d. However, he didn\u2019t explain what would actually drive that kind of rise.<\/p>\n The latest Bitcoin price forecast by CoinCodex has the price increasing by 13% and hitting $116,600 on June 8<\/a>, 2025. Technical analysis indicates a positive trend, with 20 of the past 30 days (67%) closing in the positive. During the same timeframe, Bitcoin recorded 6.50% price volatility.<\/p>\n\n The Fear & Greed Index is currently at 73, which is Greed.\u00a0Though this prediction is not quite hinting at reaching $1 million yet, it validates the notion that there is still space for Bitcoin to rise in the near future.<\/p>\n A US Government Buy-In Could Speed Things Up<\/p>\nAnother 10x Jump \u2018Inevitable,\u2019 Expert Says<\/h2>\n
\n\u2013 from $1,000 to $10,000.
\n\u2013 from $10,000 to $100,000.<\/p>\nNew Projection Sees $116K Next Month<\/h2>\n