As a seasoned researcher with over a decade of experience in the financial markets, I’ve seen my fair share of market ebbs and flows. The current sideways movement in the crypto market during these Christmas holidays feels somewhat familiar, yet the potential for growth is always exciting.
Over the holiday season, the cryptocurrency market seems to be experiencing a flat period, with reduced activity. This sideways movement has proved challenging for Bitcoin, which is finding it tough to break through the $100,000 barrier following its decline from the record high reached just last week.
Based on TradingView’s latest data, Bitcoin is currently hovering around $96,800 and attempting to reach $100,000 again, following two previous rejections within the past week. This significant price level has transformed into a resistance point as Bitcoin recovers from its recent drop, which occurred after it reached an all-time high of $108,364 on December 17th.
Earlier this month, the $100,000 mark played as a key-support since the BTC price first broke this level. If Bitcoin manages to break above this price during the weekend, it’s likely that the next leg-up will be approaching a new all-time high.
Bitcoin Price Prediction for 2025
With just a handful of days remaining until 2025, investors are increasingly hopeful about Bitcoin’s prospects, as its growth trajectory persists. Experts predict that Bitcoin’s price will experience a significant surge when it transitions into the price exploration stage.
On January 20th, President-elect Donald Trump will be sworn in for his new term. It’s anticipated that the cryptocurrency market may experience significant fluctuations during the initial two weeks following the inauguration.
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2024-12-27 16:53