Bitcoin $100K ‘Too Cheap’ – Experts Predict $500K-$1M Peak

Adam Back, co-founder and CEO of blockchain technology company Blockstream, has made a bold declaration that Bitcoin at $100,000 is still “too cheap” relative to its true cycle potential. The long-time Bitcoin advocate argues that the market continues to underestimate BTC’s long-term value proposition, particularly in the current economic climate. Back emphasizes that debates around diminishing returns from each halving cycle fail to account for the unique macroeconomic disruptions that characterized the most recent cycle.

The Blockstream CEO provides crucial context for Bitcoin’s previous peak above $73,000, which he views as premature rather than representing the natural top of the last cycle. Back explains that pandemic-related money printing and global supply chain issues created artificial headwinds that suppressed Bitcoin’s potential upside. With these economic obstacles now easing and market conditions aligning more favorably, he contends that a six-figure valuation represents merely the beginning of Bitcoin’s true appreciation potential during this cycle.

Supporting Back’s fundamental assessment, technical analysts are observing strong patterns that suggest Bitcoin may be preparing for another significant breakout. IncomeSharks, a prominent market analyst, has projected that BTC could reach $120,000 by the end of the week based on chart analysis shared on social media platform X. The analysis indicates a recovery from recent dips and a potential continuation of the upward trend that has seen Bitcoin rebound from corrections below $108,000 to current levels above $117,000.

IncomeSharks’ chart analysis highlights a “small support break” that has already been recovered, strengthening the bullish case for further price movement. The technical setup suggests that if momentum continues as anticipated, a decisive test of resistance levels near $124,000 appears imminent. This technical optimism aligns with the fundamental perspective that Bitcoin’s current valuation fails to reflect its true market potential.

Adding to the bullish momentum, market expert Ash Crypto has identified that Bitcoin is experiencing its strongest September performance in over a decade. This development is particularly significant given that September has historically been a bearish month for cryptocurrency markets. The analyst notes that when BTC has closed September in positive territory, October and November have typically been “giga bullish” periods for the digital asset.

This seasonal pattern, combined with improving macroeconomic conditions and increasing institutional adoption, forms the basis for Back’s extraordinary projection that Bitcoin could reach between $500,000 and $1 million during this cycle. The Blockstream co-founder’s forecast underscores his conviction that scarcity dynamics, institutional capital flows, and a shifting global economic environment are converging to create the conditions for Bitcoin’s most explosive rally yet. If historical patterns hold and current technical and fundamental analyses prove accurate, the final quarter of 2025 could indeed mark the beginning of an unprecedented bull run for the world’s leading cryptocurrency.