“The only reason we’re not at $150,000 right now is because of two whales. Once they’re taken out (one already has been, the other halfway), it’s only up from here,” he wrote.
The only reason we’re not at $150k right now is two massive whales- once they’re slain (1 down, 1 halfway there)… up only.
— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) September 2, 2025
At the time of writing, the leading cryptocurrency is trading at $110,290, up 2.4% over the past 24 hours.
On August 24, Bitcoin fell below $111,300 amid a surge in whale activity. Within a few days, a large holder sold over 24,000 BTC, putting pressure on the market. Bailey specified that the whales he referred to had sold 80,000 BTC and 120,000 BTC.
Earlier, Canary Capital CEO Steven McClurg estimated a 50% chance of Bitcoin reaching $150,000. BitMEX co-founder Arthur Hayes also predicted the asset could hit this milestone by year-end, though some analysts believe that level will mark the peak of the current cycle.
The “Boring” Road to $1 Million
Analyst PlanC suggested that Bitcoin could eventually reach $1 million by 2032. However, he described the journey as slow and “boring,” marked by long corrections of 10–30% rather than explosive moves.
What if the earlier “Bitcoin cycles” were nothing more than the product of a retail-dominated, FOMO-fueled market?
— PlanC (@TheRealPlanC) August 31, 2025
What if, from here on, Bitcoin simply slow-grinds up and to the right, with long, drawn-out, uneventful 10–30% corrections and consolidations?
And every time we…
“What if previous Bitcoin cycles were simply the result of retail-driven markets fueled by FOMO? […] Instead, we may be facing a slow, ‘boring’ path to $1 million over the next seven years, as traditional finance and institutional investors increasingly adopt crypto,” he wrote.
PlanC noted that during extended sideways movements, many market participants believe the growth phase has ended and brace for an 80% crash. Recently, analysts have been debating whether Bitcoin’s four-year cycle theory still applies. Confidence in Bitcoin’s climb to six-figure territory has also been expressed by Coinbase CEO Brian Armstrong and Eric Trump, son of the U.S. President.
Earlier, FORECK.INFO reported that Bitcoin formed bullish “megaphone” patterns with potential targets at $144K, $206K, and even $260K