Bitcoin (BTC) has made a minor recovery following a week of sustained sell-off, with investors looking at a possible capital inflow that could elevate the price toward new highs.
In this regard, one of the asset’s most coveted market-cap targets remains the $3 trillion mark, which could easily push Bitcoin to a new all-time high, surpassing the previous record of $126,000.
By press time, Bitcoin was trading at $86,462, having made a slight gain of less than 0.1% in the last 24 hours, while on the weekly chart, the asset remains down almost 8% controlling a market cap of about $1.7 trillion.
Bitcoin seven-day price chart. Source: FinboldBitcoin’s path to $3 trillion market cap
Based on its current price and market capitalization, Bitcoin’s circulating supply is implied to be about 20.35 million coins. Using this figure, it becomes possible to estimate the cryptocurrency’s price at a larger market cap, where the calculation involves dividing the target market cap by the circulating supply.
Applying this method, a $3 trillion Bitcoin market cap would translate to an estimated price of approximately $147,500 per coin. Achieving this level means Bitcoin would need to grow by about 70% from its current price.
What next for Bitcoin price
This projection comes at a time when market attention is focused on Bitcoin reclaiming the crucial $90,000 resistance zone, which could make the $100,000 target increasingly realistic.
In this regard, analysis by Michaël van de Poppe in an X post on November 24 indicates that Bitcoin appears poised to stabilize after its sharp pullback, with market structure and key technical levels suggesting consolidation in the near term.
Bitcoin price analysis chart. Source: TradingViewAccording to the outlook, the region between $87,000 and $82,000 is viewed as the area Bitcoin must hold to maintain a short-term bullish structure. A deeper support lies near $74,500, which would only come into play if the current level fails.
The analysis noted that there is also a likelihood of a retest around $85,500, a move that would close the existing CME futures gap, a phenomenon Bitcoin historically tends to revisit. A successful test of this level could act as a springboard for a relief move toward the 20-day moving average near $95,000, identified as the next logical upside target on the chart.
The volume profile and steep decline from recent highs indicate that sellers have exhausted momentum, increasing the probability of a consolidation phase before the next directional move.
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Source: https://finbold.com/bitcoin-to-trade-at-this-price-if-btc-hits-5-trillion-market-cap/
