Bitcoin (BTC) remains bullish on the longer time frames, but retail investors are panic selling after a crash below $100K again. Institutions remain vigilant as always, accumulating nearly $100 billion worth of BTC in 2024. Why? Let’s explore.

Institutional Buying Spree Snaps Up Nearly $100 Billion BTC

Institutions have been aggressively buying Bitcoin since the ETF approval. According to data platform Arkham Intelligence, BlackRock, MicroStrategy, and Fidelity have collectively purchased ~$100B worth of BTC. 

Specifically, BlackRock, the world’s largest asset manager, alone bought $50B, while MicroStrategy, a software giant, managed to accumulate $24B worth of BTC. Fidelity stands on the low end after acquiring BTC worth $20B. This significant buying pressure, even with OTC deals, could impact BTC’s price in the ongoing bull run.

BLACKROCK BOUGHT $50 BILLION BTC IN 2024
MICROSTRATEGY BOUGHT $24 BILLION BTC
FIDELITY BOUGHT $20 BILLION BTC

Zoom out. pic.twitter.com/d2oyqtCM2z

— Arkham (@arkham) January 10, 2025

Long-Term BTC Holders’ Distribution Nears End

Glassnode data shows that long-term holders were distributing their BTC, even at prices 12% below the all-time high. However, the 30-day percent change in long-term holder supply suggests that the distribution rate has likely peaked, aka coming to an end. This development indicates that long-term holders are likely done selling

Historically, when long-term holders finish distributing their coins, the price of BTC tends to reverse the downtrend and kickstart a rally. 

LTH Long/Short-Term Holder Supply Ratio

Retail Capitulation Reaches Peak

CryptoQuant’s data on retail investors’ demand change shows peak capitulation from short-term holders. This indicator tracks retail investor volume, ranging from $0 to $10K. This indicator hit –22%, and history shows that such a steep decline in retail demand often indicates retail capitulation, which is where markets tend to bottom. 

Why Are Retail Investors Panicking?

Generally, retail investors are inexperienced and lack patience. Moreover, these investors are trying to hit it big, which often leads to them going all in with high leverage making them more susceptible to noise and short-term price movements. Hence, the recent drop in Bitcoin price below $100K has caused panic and capitulation.

Often, long-term or smart investors buy from the panic-selling retail. This wealth transfer is often followed by a massive rally, leaving unsuspecting retail investors poorer than when they decided to invest.

Regardless of this capitulation, the outlook of Bitcoin looks massively bullish, but a majority of retail investors are always caught on the wrong side. These signs often signal and allow smart traders to position themselves before a massive rally kickstarts.

What’s Next for BTC Price in 2025?

Here’s a crypto analyst’s take on why Bitcoin price could be forming a bottom around $90K to $91K, signaling the next leg of bull run.

Is Bitcon Bottom In? Most likely.

January 9's swing low ($91,151) could be the bottom. If not, then a sweep of $90,835 with a bullish swing failure pattern could suggest that a bottom is imminent.
https://t.co/H2Spj0mvEM pic.twitter.com/ohZ0zmlIsB

— MAXPAIN (@Mangyek0) January 10, 2025

If this outlook is true, and Bitcoin is forming a bottom, it could be preparing to resume the uptrend and explore new highs. Here are some targets for this next phase as noted in our 2025’s bold Bitcoin price predictions, the cycle top could form anywhere between $150,00 to $250,000. 

“CMT Analyst Adrian Zduńczyk is a firm believer that Bitcoin will peak at around $225,000 this cycle and is expecting BTC to transition from optimism to a belief phase.”

Furthermore, several institutions and banks are also expecting a similar move from BTC in 2025. 

“Standard Chartered expects BTC price to hit a peak of $250,000 in 2025. Geoff Kendrick, the bank’s head of digital asset research, noted that spot Bitcoin ETF flows could hit $50 to $100 billion by 2026. Fundstrat Global Advisors’ Tom Lee also shares this outlook.”

Conclusion

The convergence of institutional buying, long-term holders finishing their distribution, and retail investors’ capitulation is a perfect storm, signaling a bottom and an impending significant Bitcoin price rally. As institutions continue to invest in BTC, the stage is set for a potential bull run, with some analysts predicting a cycle top between $150,000 and $250,000.

The post Institutions Buy $100 Billion BTC, But Retail Investors Panic, Why? appeared first on coinpress.

After hitting a local top of $102,702 on Tuesday, Bitcoin (BTC) crashed 5.16% in a single day. The sell-off continued into Wednesday, with BTC shedding an additional -2.21%, sending shockwaves across the crypto market. As of today, Bitcoin is trading at $94,972.0, marking its first significant crash in 2025.

This sudden downturn has left investors questioning whether this is the start of a steep correction or if BTC could recover quickly. What’s next for BTC price in January 2025? Let’s explore.

Bitcoin Price Today: Explaining BTC’s First Crash of 2025

Here are four reasons why Bitcoin crashed on January 7.

1. According to VeloData, Bitcoin’s Open Interest slumped by nearly $1B from January 6, 16:00 UTC, to January 7, 09:00 UTC, while the price moved sideways. This divergence denotes that investors were closing positions.
2. After clearing the $100K hurdle and ending its 11-day consolidation, Bitcoin entered a sell-side imbalance, extending from roughly $102K to $105K. 
3. With a spike in the US 10-year treasury yields, investors are concerned about stagflation amid the macroeconomic outlook.
4. Despite revisiting the $100K psychological level, BTC did not set up a higher high to flip the market structure bullish. Hence, profit-taking and bearish sentiment could be the fourth reason why Bitcoin collapsed.

After understanding why Bitcoin crashed, let’s look at key support levels and targets that could be achieved in January 2025.

Strategic Price Targets For January 2025?

The key support levels include the CME Gap, extending from $94,970 to $94,495, the value area low of $93,299, $92,266, and $90,835. Investors need to watch out for reversal signs at these levels. 

A move into any of these levels could provide an opportunity to accumulate. A bounce here should be a high-probability scenario and could push Bitcoin to revisit $100K and deep into the sell-side imbalance’s upper limit of $105K. Before the end of January 2025, traders can expect a correction to $90K, followed by a bullish retest of $105K.

From a long-term perspective, Bitcoin price prediction hints next ATH could be at the 161.8% Fibonacci level at $118,467.4.

Trump’s Inauguration Could Catalyze Rally

Donald Trump’s victory in the 2024 US Presidential Elections caused a spike in volatility and bullish momentum that pushed both cryptos and US equities higher. Hence, the upcoming inauguration of President-elect Donald Trump on January 20 could propel Bitcoin higher. Investors need to be patient until this event, as there might be consolidation or rangebound movement until then.

The post Bitcoin Price Today: Will BTC Recover After 2025’s First Crash? appeared first on coinpress.

Bitcoin (BTC) price hit $100K on Monday, bringing the excitement back to the crypto market after 11 days of sideways movement. BTC today trades at $97,073.0 after a -4.97% move. Despite this bullish accomplishment traders are cautious.

Bitcoin Price Analysis

Bitcoin price shot up 3.91% on Monday, moving from $98,340 to $102,185. This uptrend caused altcoins and the broader crypto markets to shoot up as well. Despite the bullish development of crossing the $100K psychological level, some traders and investors remain cautious and expect a reversal or market correction.

As shown in the Bitcoin chart below, the recent uptick has pushed BTC to face rejection at the 161.8% Fibonacci retracement level of $102,306. This common area of reversal adds credence to what traders are already insinuating.

Let’s explore some expert insights and what they are expecting from BTC price and crypto markets.

Bitcoin’s Sudden OI Uptick Threatens Recent Price Rally

TradingRiot’s Adam notes that the recent rally in Bitcoin to $100K was accompanied by massive open interest spike. 

Adam adds,

“From a relative change point of view, when OI surges very quickly in a short period of time, buyers (or sellers) often get shaken off before any continuation is higher”

Will Bitcoin Rise As US Dollar Tops? This Trader Remains Cautious

BluntzCapital, a popular crypto KOL with 306K followers, posted that the US dollar index (DXY) “looks topped” after a three-month rally. The analyst now expects DXY to correct below 99. As mentioned in yesterday’s coinpress article, risk-on assets like Bitcoin rallies if DXY drops. BluntzCapital says this drop should be good for risk assets, but since Bitcoin and US equities rallied or held up well during DXY’s three-month rally, the analyst remains cautious.

$DXY looks topped now, hit 108 as i expected, wicked a major 0.618 level and looks like a long slow abc up after an impulsive move to the downside.

risk assets held up extremely well while dxy pumped which was counter intuitive.

i think we start heading back below 99 in 2025.… https://t.co/shQ7zYX3wl pic.twitter.com/D0wldkFTjG

— Bluntz (@Bluntz_Capital) January 5, 2025

Bitcoin’s Fractal Suggests Price May Dip Before Bull Rally

ImmortalCrypto also remains cautious with the recent Bitcoin price rally owing to the “start of the year” fractal. In his X post, the analyst details that the start of 2025 saw the price pump a lot, followed by a sweep of December lows. Only after this move occurred did BTC kickstart a massive uptrend.

Based on this fractal, Bitcoin is yet to sweep the December 2024 lows, especially if history repeats. This outlook presented by ImmortalCrypto falls in line with coinpress’s Bitcoin price prediction that notes a BTC rally kickstarts after sweeping the previous month’s lows. This pattern has been repeating almost every month since May 2024.

Read More: How High Can Bitcoin Price Go In January 2025?

Crypto Markets To Suffer Liquidation If BTC Reverses Uptrend

If Bitcoin corrects as many traders expect, it could trigger a liquidation event. Ai16z (AI16Z), Worldcoin (WLD), Render (RENDR) and other altcoins that shot up due to BTC’s recent uptick could undo their recent gain.

Depending on the strength and volatility of Bitcoin’s price correction, there could be a massive liquidation event. According to CoinGlass data, $130 million worth of short positions got wiped due BTC’s Monday rally. The opposite could occur if Bitcoin crashes and undoes the near-4% gain.

In conclusion, while Bitcoin’s price surge to $100K has sparked excitement, but traders remain cautious. some of the reasons why these investors remain hesitant include the recent open interest spike, the potential correction in the US dollar index, and the “start of the year” fractal.

As the market navigates these complexities, it’s essential to keep a close eye on Bitcoin’s price movement and its potential impact on the broader crypto market.

The post Bitcoin Price Hits $100K But Why Are Traders Cautious? appeared first on coinpress.

After a relatively slow weekend, Bitcoin (BTC) price today is knocking on the $100,000 psychological level after 11 days. BTC will likely blast through this key level as the US dollar drops, anticipating a steep correction. This outlook could blow the short-sellers and bears out of the water.

Bitcoin Knocks on $100K Level As US Dollar Drops 1.52% 

Since the December 2 peak of 109.533, the US dollar Index (DXY) has dropped 1.52% and currently trades around 107.943. This drop has pushed it into a short-term demand zone, extending from 107.911 to 108.267. A breakdown of this level with momentum could signal that a further drop is likely. Typically, the DXY and BTC are inversely correlated, i.e., if DXY shoots up, Bitcoin will drop and vice versa. As a result, DXY tends to rally if the US Federal Reserve hikes interest rates, creating a risk-off scenario. In this scenario, investors sell their risky assets and prefer holding DXY.

If the US dollar index collapses the aforementioned support zone, it could drop from 0.73% to 1.03%. Such a descent in the US dollar index could trigger a rally for BTC price, swiftly breaching the $100K hurdle.

Nonfarm Payrolls on January 10 Could Reset BTC’s Directional Bias

Fed’s decision in December to have fewer rate cuts in 2025 triggered a crash for the US equities and crypto markets. The upcoming Nonfarm Payrolls (NFP) on January 10 will set the tone for what the Fed might do next. 

Here are three scenarios to watch ahead of the NFP release.

Strong NFP Report

• A higher-than-anticipated NFP report could lead to a decline in Bitcoin and US equities as investors become more risk-averse due to the potential for higher interest rates.
• From a technical standpoint, Bitcoin price in 2025 could drop to the $90,000-$95,000 range, while US equities could experience a moderate decline.

Weak NFP Report

• A weak jobs data or NFP report could lead to a rally in Bitcoin and US equities as investors become more optimistic about the potential for interest rate cuts.
• BTC could surge to the $110,000-$115,000 range, while US equities could experience a significant rally.

Mixed NFP Report

• A mixed NFP report could lead to a range-bound market for Bitcoin and US equities, with minimal impact on prices.
• BTC price could trade within the $95,000-$110,000 range, while US equities could experience a relatively calm trading session.

Other key macroeconomic events that investors need to keep an eye on include the US Unemployment Rate, Average Hourly Earnings and revisions to previous NFP releases.

Bitcoin Technical Analysis: What’s Next After BTC Price Overcomes $100K?

From a technical standpoint, in 2025 Bitcoin price consolidates between $100K and $93.3K levels. 70% of all the trading volume was traded in this range between November 21 and January 6. 

There are three scenarios in which the current Bitcoin price action could unfold in January 2025. 

1. A bullish catalyst coupled with a spike in buying pressure, volume or consolidation under $100K could indicate an impending breakout. In this bullish case, BTC price could shoot 3% to 6% and tag $102.7K to $105.3K resistance levels.
2. A lack of buying pressure and bearish macroeconomic events could lead to rejection at $100K. Such a development could lead to a rangebound movement between $100K and $93.3K.
3. The third scenario includes a rejection of the $100K level followed by a dip into the CME gap, extending from $94.4K to $94.9K. This would serve as a buying opportunity that leads to a retest and breakout of $100K. 

Bitcoin Price Levels to Watch in January 2025

For a bullish case to unfold, Bitcoin needs to break $100K, following which the $102.7K to $105.3K resistance levels come into play. Beyond this, the ATH of $108,421.8 will be the next target for BTC bulls.

For dip buying opportunities, the CME gap that stretches from $94.4K to $94.9K will be great.

A bearish scenario will unfold if Bitcoin breaks the December 30 swing low at $91.4K, creating a lower low. This development indicates a bearish market structure and could catalyze a correction. In such a case, Bitcoin price forecast points to key support levels at $90K and $81.1K.

Conclusion

As the Bitcoin price knocks on the $100,000 psychological level, investors must pay attention to the Nonfarm Payrolls (NFP) report on January 10. This macroeconomic event will allow them to gauge the US Federal Reserve’s decisions for 2025.

A weak NFP report could lead to a rally in Bitcoin price, potentially breaking through the $100,000 barrier and reaching $110,000 to $115,000. On the other hand, a strong NFP report could lead to a decline in Bitcoin price, potentially dropping to $90,000-$95,000.

From a technical standpoint, Bitcoin price is consolidating between $100K and $93.3K. If there aren’t any bearish events or spikes in selling pressure, BTC is set to breach $100K and push higher toward the $102.7K to $105.3K levels.

For an informed decision on Bitcoin or the US equities, investors must keep a close eye on other key macroeconomic events like the US Unemployment Rate, Average Hourly Earnings, and revisions to previous NFP releases. 

The post Bitcoin Price Set to Break $100K As US Dollar Weakens Ahead of US NFP appeared first on coinpress.

Bitcoin (BTC) price today is up 4.81% since the start of 2025 and trades around $98,249.0 as of January 12. The ongoing recovery is impressive, but BTC needs to overcome the $100K hurdle to turn the market structure bullish. This development comes as MicroStrategy discloses a $2 billion BTC strategy.

Bitcoin Price Edges Toward $100K, But No Bullish Confirmation Yet

From a market structure standpoint, Bitcoin price has not created a higher high since the 15% crash from its ATH of $108,421.8. This correction found support around $93.2K, resulting in a 4.81% bounce since January 1. BTC must overcome the December 26 swing high at $99,950 or roughly the $100K psychological level for a bullish confirmation and the market structure to turn bullish. Such a development could catalyze a rally that contests the ATH.

However, until that happens, crypto markets remain uncertain, with only strong altcoins noting recovery.

*bitcoin price updated as of 11 PM.

MicroStrategy Reveals Plan to Raise $2 Billion to Buy BTC

In a recent X post, Microstrategy CEO and co-founder Michael Saylor revealed,

“MicroStrategy targets up to $2 billion capital raise through public offerings of perpetual preferred stock in the first quarter of 2025.”

In a blog detailing this plan, the software company revealed,

“The purpose of the Offering is to allow MicroStrategy to continue to strengthen its balance sheet and acquire more bitcoin.”

The Tysons, Virginia-based software company owns 4,46,400 BTC worth $43.792B as BTC trades around $98,249.0. Of Bitcoin’s 21M total supply, Saylor’s MicroStrategy owns  2.13%, with the average cost per BTC around $62,428. 

While MicroStrategy’s $2 billion Bitcoin buying plan might seem bullish, the market has become desensitized to this accumulation spree to affect BTC’s value in the short term. 

Read More: MicroStrategy To Raise Up To $2B To Acquire More Bitcoin

BlackRock’s IBIT Bitcoin ETF Sells $333 Million BTC

Although Michael Saylor continues to buy, BlackRock, the world’s largest asset manager, withdrew $333 million on Thursday. This outflow is the largest in IBIT’s history.

BTC Technical Analysis & Target

The four-hour chart shows that Bitcoin price is trading between $93.3K and $99.6K. A sweep of the range’s lower limit at $93.3K on December 30 led to an 8% recovery rally. While the next target is the range high or $100K, BTC faces stiff resistance, extending from $97.5K to $99.6K.

Bitcoin price could take one of two paths:

1. A rejection that leads to a pullback into the CME gap, extending from $94.4K to $94.9K.
2. Or a retest of $100K followed by a pullback into the aforementioned CME gap. 

However, there is a third scenario: BTC could break $100K and attempt to revisit the ATH at $108,421.8.

The lack of uptick in daily active addresses or the consistent production of lower highs since the ATH on December 17 does not instill confidence in the recovery. A drop in this metric shows that investors are not interested in BTC at the current price. Such an outlook hints at uncertainty and adds credence to the technical analysis that anticipates two outlooks that Bitcoin price could take.

To conclude, MicroStrategy’s $2 billion plan has no impact on Bitcoin’s price in the short term. From a market structure and technical standpoint, BTC’s bullish outlook will begin once it sets a swing high above $100K. Until one of the above occurs, Bitcoin price prediction remains uncertain.

The post Bitcoin Price Edges Closer to $100K, MicroStrategy Reveals $2B BTC Strategy appeared first on coinpress.

Bitcoin price has been up 4% since January 1, 2025, and trades today at $98,123.0. With a 24-hour change of 1.30%, the outlook for BTC looks promising in the long run. Due to the positive historical trend, the favorable US elections and other macroeconomic events, the outlook for crypto has remained optimistic. This coinpress article outlines the top five Bitcoin price predictions for 2025 and estimates how high BTC can go.

*bitcoin price updated as of 11 PM.

Top 5 Bitcoin Price Predictions For 2025

As noted in a previous coinpress article, we predicted that Bitcoin’s price could peak on October 6, 2025, based on Mars-Vesta’s 3.9-year cycle. In this article, we will outline the top five Bitcoin price predictions from popular investors and founders in the crypto space. 

Fundstrat Global Advisors’ Tom Lee: $250,000

Tom Lee noted in a CNBC interview, “We expect something around $250,000 for Bitcoin in 2025.” Lee adds, “We see Bitcoin closer to $250K by Thanksgiving next year (2025).”

In a November Wealthion interview, Lee said, “Bitcoin could hit $250K next year.” The optimism surrounding this prediction comes from the fact that the Fed is cutting interest rates in the growth phase of the business cycle, providing the much-needed oomph to push markets higher.

Bitwise: $200,000

Asset manager Bitwise is also optimistic about cryptocurrencies in 2025, with their BTC price target of $200,000 by the end of 2025.

The head of research at Bitwise Invest, Ryan Rasmussen, posted “Bitwise’s 10 Predictions for 2025,” which included a “BTC to $200K,” among other forecasts such as Bitcoin ETF inflows hitting a new high in 2025, Coinbase stock price hitting $700 and so on.

Standard Chartered: $250,000

Like Tom Lee and other popular analysts, Standard Chartered’s target for 2025 is $250,000.

QCP Capital

While QCP Capital did not provide exact figures, their outlook for Q1, 2025 is cautiously optimistic. The company’s Telegram post added, 

“Despite a lackluster finish, BTC will close the year up 120%, outperforming globally stocks and gold. For 2025, while optimism surrounds crypto-friendly regulations post-Trump inauguration, we think the key catalyst may come in January as institutions readjust asset allocations.”

Other Notable Figures’ Bitcoin Price Prediction For 2025

• Anthony Pompliano, Co-founder of Morgan Creek Digital said, “Bitcoin could hit $250,000 by 2025.” His target is driven by increasing demand for BTC due to its fixed 21 million supply.
• American venture capitalist and billionaire Chamath Palihapitiya noted that Bitcoin could reach an all-time high of $500,000 by October 2025.

Bitcoin Technical Analysis: Forecasting Short-term BTC Targets

The one-day Bitcoin chart forecasts an ongoing trend, where BTC tanks at the start of the month. Since May 2024, Bitcoin price has swept the lows formed in the previous month. This sweep wipes out early bulls and allows smart money to position before the uptrend kickstarts. If such a history were to repeat, a correction is due for Bitcoin. 

If Bitcoin gets rejected at around $99,963, a key lower high will form in December, then a correction is highly likely. In such a case, the retracement could undo 2025 gains and sweep the December 30 swing low at $91,530. This move would fulfill the ongoing trend and set the stage for an expansion to the upside.

The RSI is also attempting to reclaim the 50 mean level, indicating that the bulls are attempting a recovery rally but are not successful yet. Hence, investors should not disregard a potential correction before the uptrend kickstarts.

Bitcoin Price Targets

In the past seven months, a sweep of the previous monthly lows has catalyzed a Bitcoin price rally of 25% to 50% in 18 to 25 days. Assuming the lower limit, BTC could set up a new all-time high of $114,000 before President-elect Donald Trump’s inauguration on January 20.

Conclusion

While Bitcoin’s outlook at the start of a new year is bullish, no doubt, investors need to pay attention to the macroeconomic and geopolitical news. China’s increasing excess, falling 10-year bond, Trump’s inauguration, the Nonfarm Payrolls and the Fed’s interest rate decision, there are plenty of macroeconomic events that could disrupt the uptrend and trigger a massive correction. From a market structure perspective, the 15% correction from ATH $108,421.80 has not confirmed a reversal yet. Hence, investors must be cautious and wait for confirmation before investing based on FOMO.

The post Top 5 Bitcoin Price Predictions 2025: How High Can BTC Go? appeared first on coinpress.

Alex Krüger, an economist and popular crypto analyst, explained how the US Federal Reserve’s stance in 2025 could serve as a tailwind for the ongoing Bitcoin rally. This comment from Krüger comes as BTC is up 4.34% from its January 1 swing low of $92,840. Bitcoin price today and trades at $3,450.1.

*bitcoin price updated as of 11 PM.

Economist Explains Key 2025 Tailwind For Bitcoin price Rally

As noted above, Alex Krüger, explained that the “timing of the Fed going back dovish” in 2025 could fuel Bitcoin price rally. A dovish Fed comment would mean that the interest rates could be slashed, triggering more borrowing and spending, aka a risk-on scenario. Such an outlook would mean that risky assets like Bitcoin, cryptocurrencies and stocks could shoot higher.

Krüger adds that Fed’s dovish comment in 2025 could disrupt crypto’s habit of forming a top around the end of first quarter. He supports this statement by adding that Bitcoin and cryptocurrency market would follow suit if “equities ramp up hard in March or April.”

He concludes his bullish X post by noting that the macro outlook “trumps” seasonality and Bitcoin’s popular four-year cycles.

Bitcoin Technical Analysis: Has BTC Price Rally Begun?

CME’s one-hour Bitcoin price chart shows a gap, extending from $94,495 to $94,970, created between December 31, 2024, and January 1, 2025. Typically, price fills these gaps via a retracement or pullback in an act of rebalancing. Hence, despite the recent run-up in the past 48 hours, Bitcoin could retrace lower to fill the aforementioned gap seen on the CME BTC price chart.

Moreover, the start and end of the day, week, quarter and year tend to witness added volatility, which is not just limited to cryptocurrencies but also the stock market. Hence, there is a high chance that Bitcoin retraces into the CME gap, stretching from $94,500 to $94,970.

This short-term retracement is unlikely to end the Bitcoin price recovery rally, which began at the start of a new year. Hence, investors can remain confident as the long-term bullish outlook and the recovery bounce remains intact.

However, if Bitcoin price fails to hold above the $93,000 support level, it could jeopardize the uptrend. If a daily candlestick closes below the said level, it would invalidate the bullish thesis and trigger a further correction. Bitcoin price prediction, in this instance, indicates a near-3% crash to $90,000.

Bitcoin Price Targets If BTC Dips Below $90,000

Over the past six months or so, the Bitcoin price has crashed at the start of every month. This correction sweeps the lows created at the end of the previous month. This drop is a great buying opportunity because every single sweep after the start of the new month has led to at least a 24% rally in the next three weeks or less. The highest rally BTC witnessed after such a deviation was in November, where the biggest crypto by market cap rose nearly 50%.

If history rhymes, then a drop below $90,000 is likely. Following this dip, if BTC rallies 24% from $90,000, investors can expect an all-time high of roughly $113,000. However, a 50% gain would put Bitcoin price at $135,000.

Bitcoin looks increasingly promising from a technical perspective. Economist Alex Krüger’s insights suggest that the US Federal Reserve’s stance could serve as a tailwind for the ongoing Bitcoin rally. The potential for a dovish Fed comment to disrupt crypto’s seasonal trends and fuel a risk-on scenario is a significant bullish indicator. Krüger notes that the macro outlook “trumps” seasonality and Bitcoin’s popular four-year cycles, making a strong case for a continued rally. From a technical analysis standpoint, Bitcoin price could hit $113K or $135K if history rhymes.

The post Economist Explains What Could Fuel 2025 Bitcoin Price Rally appeared first on coinpress.

Bitcoin (BTC) price today trades at $93,268.0 and is close to ending the tumultuous year of 2024 and enter 2025 with optimism. While the ETF approval provided the initial oomph for the 2024 rally, Donald Trump’s victory in the 2024 US elections helped overcome the 2021 high and hit $100,000. Let’s explore experts’ 2025 predictions for Bitcoin price.

*bitcoin price updated as of 11 PM.

This massive accomplishment comes after recovering from one of the biggest crypto market crashes caused by the collapse of FTX and its ripple effect, which caused a widespread financial crisis in adjacent institutions. Regardless, Bitcoin has emerged victorious.

Trump’s victory and crypto-friendly regulatory promise, starting with replacing US SEC chairman Gary Gensler, helped Bitcoin’s 2024 bull run. This optimism can be witnessed in experts’ 2025 Bitcoin price predictions, which range from $150,000 to $300,000.

The potential establishment of a US strategic Bitcoin reserve will be a key event that could help propel Bitcoin to new highs in 2025. Another important shift in paradigm after the spot ETF approval is the institutional interest around BTC. On that note, MicroStrategy continues to accumulate BTC. The December 30 filings show the company acquired $209 million worth of BTC. The recent purchase brings their total holdings to 4,46,400 BTC, worth $42 billion. The cost basis for the total holdings hovers around $62,428 per bitcoin.

Bitcoin Price Prediction For 2025: $150,000 to $300,000

According to Finder’s survey, the average Bitcoin price prediction for 2025 hovers around $113,364. Finder’s panel was conservative, expecting $113,364 by the end of 2025 and 282,238 by the close of 2030

Several CNBC’s panel members expect BTC to double and hit $200,000 in 2025, but the lower end of their 2025 prediction starts at $150,000.

Regardless of these bullish predictions, Adrian Fritz, head of research at 21Shares, cautions investors about Bitcoin’s corrections. He adds that 20% to 40% corrections are “vital mechanism for reestablishing market equilibrium and are an integral part of bitcoin’s historical price patterns.“

Wall Street research firm and Brokerage giant Bernstein expects Bitcoin to hit $150,000 in 2025.

Bitwise analysts expect Bitcoin to reach $200,000 by the end of 2025. 

CMT Analyst Adrian Zduńczyk is a firm believer that Bitcoin will peak at around $225,000 this cycle and is expecting BTC to transition from optimism to a belief phase.

Standard Chartered expects BTC’s price to hit a peak of $250,000 in 2025. Geoff Kendrick, the bank’s head of digital asset research, noted that spot Bitcoin ETF flows could hit $50 to $100 billion by 2026. Fundstrat Global Advisors’ Tom Lee also shares this outlook.

Venture capitalist Chamath Palihapitiya makes the most optimistic prediction. According to Palihapitiya, Bitcoin could hit $500,000 by October 2025 and is forecasted to be worth $1 million by 2040.

What To Expect From Bitcoin Price In January 2025

Bitcoin’s 2024-2025 price is setting the stage for a massive rally to the upside if history rhymes. The ongoing BTC consolidation resembles that of 2023-2024, where the rangebound movement was met with a deviation to the downside, which was followed by a parabolic move to the upside, leading to new ATHs.

Hence, if history repeats, BTC could sweep the range low of $90,799, leading to a quick rally and a breakout above the range high of $104,100. Such a development could propel BTC to set up a new ATH around $128,000 to $130,000.

Although the outlook for Bitcoin remains predominantly bullish, a Tether-related FUD that leads to a depeg of the USDT stablecoin could have a significant impact on the markets. In such a case, a breakdown of the $90,000 support level could invalidate the bullish thesis and potentially trigger a crash to $78,000, as forecasted by veteran trader Peter Brandt.

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Bitcoin’s (BTC) lack of directional bias can be attributed to the lack of trading volume and interest as the 2024 year approaches its end. Bitcoin price today trades around $93K after crashing 14% from its ATH of $108,421.8, with investors being skeptical about what comes next. However, this article explores how January 2025 could trigger a massive uptrend for BTC prices.

Top Reasons Why January 2025 Will See Bitcoin Price Skyrocket

1. President-elect Donald Trump’s Inauguration on January 20.
2. Capital inflows as FTX will start paying claims from January 3.
3. MicroStrategy continuing its BTC buying spree.

How Will BTC Price React to Donald Trump’s Inauguration?

Many investors believe Bitcoin will crash during President-elect Donald Trump’s inauguration on January 20. This is because investors who opened trades before the elections would consider closing them, leading to a short-term correction. However, this is unlikely due to January being a historically strong month with positive returns. Furthermore, the FTX claims set to be paid out in January will serve as a capital influx and propel BTC and the broader crypto markets higher. 

FTX’s Claims Payout in January 2025 May Propel BTC Higher

Sunil, an FTX creditor activist, recently quashed a fake report that FTX claims would pay out $16 billion by January 3. According to Sunil, the “distribution does not that start on January 3.” He adds that “the $16 billion” would not be distributed within 60 days.

Based on his approximation, $13 billion in cash will be distributed now, and the remaining $14 billion will be paid out in March 2025. He adds that 50% of FTX claims reserve worth $7 billion will not be distributed initially.

Regardless, this payout will be a huge capital inflow for crypto markets and could serve as the necessary tailwind to drive BTC’s price higher to a new ATH.

MicroStrategy’s Bitcoin Buying Spree 

Michael Saylor, the CEO and co-founder of MicroStrategy, has been a huge proponent of Bitcoin. His company holds 444,262 BTC worth $41.41 billion, of which 5,262 BTCs were acquired on December 23. 

Additionally, MicroStrategy announced its plan to dilute its Class A Common Stock and Preferred Stock. The proposal aims to convert 330 million Class A shares to 10.33 billion shares and 5 million preferred shares to 1.005 billion shares. Investors can assume Saylor’s plan to dilute shares is to add more BTC to their holdings.

To conclude, the three reasons mentioned above suggest that 2025 will be a good year for cryptocurrencies, especially BTC. 

Bitcoin Technical Analysis: Expert Predictions

Let’s explore key Bitcoin price forecasts by some popular analysts and what they believe BTC will do next.

According to popular crypto analyst CryptoBirb, Bitcoin is in the optimism phase and will trigger a “vertical” rally as it anticipates an entry into the belief phase. Based on the MVRV (market value to realized value) valuations, Birb notes that “We’re stepping into 2025 with vertical post-election rallies (+977% avg gain)” and projects an all-time high of  BTC beyond $250K.

Quinten, another popular analyst, compares the ongoing Bitcoin bull run with the past three cycles and hints that there is more upside before BTC forms a top.

On the other hand, veteran trader Peter Brandt notes that Bitcoin forms a head-and-shoulders setup with $78,000 as its next target.

This is a head and shoulders top pattern. It might complete and take price to $78,000; it might fail with a thrust hire: or, it might morph into something else. But as it stands right now, it is a head and shoulders top and must be chartist dealt with for what it is. pic.twitter.com/b9AUUO7ddL

— Peter Brandt (@PeterLBrandt) December 29, 2024

The post 3 Reasons Why Bitcoin Price Will Skyrocket In January 2025 appeared first on coinpress.

Bitcoin price today is up 0.20% and trades at $95,700, down 11.29% from its all-time high of $108,421.6. With the 2024 year coming to an end, let’s explore whether BTC price will hit $100K again in 2024.

Will Bitcoin Price End 2024 Positively?

With the Fed’s hawkish comments after the FOMC meeting, Bitcoin price crashed from its ATH of $108,421.6 and dropped 14.93%. This collapse set up a local bottom at $92,230 on December 20 and has since lacked directional bias. 

Crypto markets did not experience a Santa Claus rally as many expected. As a result, December’s monthly gains hover around 0.60% at the time of writing. Although it is uncertain if December might end on a positive note, 2024 gains stand tall at 129% for BTC.

With no major macroeconomic events until January 9 and holidays around the corner, BTC prices could experience an uptick in volatility. The recent supposed sale of nearly $1.8B worth of BTC from investment firm BlackRock adds credence to heightened volatility.

Alex Krüger, Founder of Aike Capital, noted, “I’m bullish on Bitcoin’s price for the remainder of 2024. The recent whale accumulation and improving technical indicators suggest a potential year-end rally.” 

Bloomberg’s Senior Commodity Strategist, Mike McGlone added that although Bitcoin price has been consolidating in recent weeks, he expects a “breakout above $100,000 before the end of 2024”, citing “strong fundamentals” and a “rise in institutional investment.”

So, to conclude, there is a high chance Bitcoin price will revisit $100K before 2024 ends, especially due to low liquidity and high volatility, which leaves BTC at the behest of high-net-worth investors and institutions. Additionally, Bitcoin will end 2024 on a positive note due to the 129% year-to-date gains.

Bitcoin Whales Accumulate BTC On Dips

According to on-chain data provider Santiment, whales transaction count that tracks transfers worth $100,000 or more. This index spiked during the recent 15% crash from ATH, denoting accumulation during the dips. 

This positive development for BTC suggests that the year-end could see a rally to the upside soon. As mentioned above, the lack of liquidity or volume could help thrust Bitcoin higher, especially to the $100K level.

BTC Technical Analysis: What’s Next for Bitcoin Price?

According to technical analysis, Bitcoin has produced a higher low since December 20, suggesting that a recovery rally may be in progress. The next inflection point or a make-or-break level is $100K, which is the composite Value Area High (VAH) and also coincides with the previous month’s VAH. 

A rejection here could trigger a correction to the Value Area Low (VAL) at $90,915. However, considering that a recovery bounce could have begun, investors should see a definitive breakout above $100K. In such a bullish scenario, Bitcoin price forecast hints at a move into the $102,742 to $105,300 range.

In a highly bullish case, BTC could overcome the ATH at set up a new one at $110,000.

On the contrary, a rejection at VAH of $100,000 could send Bitcoin price crashing 9% to revisit the VAL at $90,915. A breakdown of this key support structure will invalidate the bullish outlook and could trigger an even bigger drop of 11% to $81,158.

This scenario wouldn’t see Bitcoin close 2024 on a positive note since December month’s gains would turn negative.

Conclusion

Additionally, technical analysis of Bitcoin’s price movement, technical indicators, and on-chain data shows that Bitcoin price will end 2024 on a positive note. The recent accumulation by whales, improving technical indicators, and the potential for a year-end rally all contribute to a bullish outlook.

The post Will Bitcoin Price Hit $100K Again In 2024? appeared first on coinpress.

Although Bitcoin (BTC) price has crashed 15% from its ATH of $108,421.80, can it hit $250K before 2024 ends? The answer to the question posed in the title is a clear and resounding “No.” Let’s explore why Bitcoin cannot rally 163% from $95K and hit $250,000 in the final days of 2024.

Can Bitcoin Price Hit $250K in 2024?

As mentioned above, BTC’s value cannot hit $250K in the final days of 2024. For Bitcoin price to achieve this target, it would need to gain 163% and that is highly unlikely. To provide context, Bitcoin’s year-to-date performance is 156%. Assuming that BTC would shoot up another 163% in just a week is highly unlikely. The demand for such a scenario does not exist in the crypto markets, or even if it did in the traditional markets, it would suddenly be redirected to BTC.

Let’s explore a much more realistic outlook for Bitcoin.

BTC Technical Analysis: How High Can Bitcoin Reach in 2024?

As explained in a previous article Bitcoin is likely to rebound soon. On the four-hour chart, BTC created a local bottom on December 20 at $92,230, and since then it has set up a higher low of $92,465 and is currently showing strength. If the higher low is confirmed, it would suggest that the recovery rally has begun.

In such a case, Bitcoin price prediction notes BTC’s next target would be the value area high (VAH) at $100K. However, if the momentum is strong during the festive season, BTC could flip the $100K hurdle into the support level and attempt to retest the 261,8% Fibonacci extension level at $115,881. This move would constitute a 20% rally, which is a considerable gain for BTC in the next week.

In a highly bullish case, Bitcoin could hit $120K or $150K, which is the highest BTC could hit before 2024 ends, at least from a technical perspective.

The second scenario includes Bitcoin sweeping the value area low (VAL) at $90.9K. Under these conditions as well, $116K to $120K is the highest BTC could reach before 2024 ends.

On the other hand, a breakdown of $90.9K could trigger a steep 11% correction to the next support level at $81.1K. This move would increase the odds of a bear market for Bitcoin and the broader crypto market.

The post Could Bitcoin Price Hit $250K in the Final Days of 2024? appeared first on coinpress.

After crashing nearly 15% Bitcoin has spent nearly a week below $100K and BTC currently trades at $94,124. Despite the brutal crash and sideways movement when will Bitcoin price hit $100,000? This article explores three key on-chain metrics that suggest that BTC is preparing for a strong bounce.

In the previous article, coinpress explore three reasons why Bitcoin price crash will end soon. This article explores why BTC should bounce soon and revisit the historic $100K level.

3 Key Metrics That Could Propel Bitcoin Price to $100K

According to Santiment, on-chain data provider, the Network Realized Profit/Loss (NPL) indicator saw a spike to roughly 106K & 100K on December 19 and 20, respectively. This profit-taking suggests that investors panic sold. Hence, the chances of a further drop due to spike in selling pressure.

Further supporting this thesis is the 30-day MVRV (market value to realized value) ratio has dipped below zero and sits at -4.77%. Between 5% to 10% is where BTC formed a bottom in the past two months. The fact that BTC’s 30-day MVRV is sitting in the opportunity zone suggests that a reversal is likely in the next few days.

Lastly the supply distribution metrics show that whales accumulated 30,000 BTC since the ATH. These wallets that hold 100 to 1,000 BTC have shown resilience despite the short-term correction and hints that investors are bullish on the last few days of 2025.

All in all, the outlook for Bitcoin price looks bullish and a potential drop here is highly unlikely. Even if there is a drop, it should stabilize around $90K. As mentioned in yesterday’s Bitcoin article, the drop is likely going to reverse soon and kickstart a consolidation or a reversal.

Furthermore, the quarter four is generally bullish according to historical price action, which adds credence to what technicals and on-chain metrics are showing. Therefore, the ongoing downtrend is unlikely to continue and a potential bounce could be coming up soon.

The post 3 Key Metrics That Hint Bitcoin Price Will Hit $100K Soon appeared first on coinpress.

Bitcoin price today trades at $94,650 after dropping 12% from its all-time high (ATH) of $108,421. Investors are shocked due to the quickness of the recent crash that wiped out more than $1 billion worth of positions.  But these three reasons suggest that BTC crash could be coming to an end. Let’s explore what comes next for the largest cryptocurrency in the world and the rest of the crypto markets.

Three Reasons Why Bitcoin Price Crash Could Ends Soon

With such a steep crash the question that matters is, “When will the crash end?” The reason why BTC could ends its drop soon can be split into three reasons:

1. BTC techncials suggest that a key support level could absorbe the selling pressure and retire the bears.
2. According to Santiment, short-term BTC holders are in loss and are less likely to sell now and realize losses.
3. Whales that sold Bitcoin before the drop have accumulated 10,o00 BTC between December 19 and 22.

Bitcoin Technicals Hint Strong Support

The November 11 to December 11 consolidation shows that a 68% of the trading volume occurred between $90.9k and $100k. Although BTC price escaped the aforementioned range and set up an ATH at $108,421, the Fed’s hawkish comments triggered a 15% crash in Bitcoin price. The drop has set a local bottom at $92,230 on December 20, but the selloff might continue until BTC finds a stable support. Such a strong support is the value area low of $90.9k is a support level. This area is the lower limit of where 68% of the volume was traded between November 11 & December 11 and typically serves as an area of strong demand. Hence, there is a high chance of absorbing the selling pressure and ending the ongoing Bitcoin crash.

In such a case, Bitcoin price prediciton hints that value area high at $100k is the next key hurdle. Clearing this will put the $102.7k to $105.3k daily imbalance as the next resistance zone. Only after clearing these two barriers will propel BTC to new highs.

BTC Holders Unlikely to Sell At Loss

According to on-chain data provider, Santiment, the 30-day Market Value to Realized Value (MVRV) indicator suggests that a further strong correction is unlikely. The MVRV hovers around -4.17%, which shows that the investors that purchased BTC in the past month are sitting at an average loss of 4.17%. Typically, a -10% to -20% is the opportunity zone, where capitulation from the short-term holders occurs and the transfer of BTC happens to long-term holders.

Hence, a minor drop might occur, but a steep drop is highly unlikely considering BTC is already down 18%. This outlook is inline with the aforementioned technical outlook.

Whales Accumulate BTC On Dips

Bitcoin whales have accumulated 10,000 BTC in just under four days, between December 19 and 22, according to data from Santiment. This outlook is in line with the technicals and short-term holder scenario, both of which suggest that the ongoing crash could end soon.

What’s Next For BTC?

All in all, the outlook for Bitcoin could improve soon despite being drastically bearish in the past week. The $90.9k or the $90k psychological support level will be key in deciding where BTC could head next. Therefore, investors must pay close attention to the aforementioned levels as it could kickstart a recovery rally or a consolidation phase.

The post Top 3 Reasons Why Bitcoin Price Crash Will End Soon appeared first on coinpress.

According to Adrian Zduńczyk, a certified market analyst, Bitcoin price could experience two more 20% to 30% crashes before it hits an ATH of $225,000. The recent crash caused massive liquidations, but the long-term outlook  remains bullish. Let’s explore what comes next for BTC, a fast-paced recovery rally, consolidation, or a continuation of the crash.

Expert Hints Bitcoin Price to Hit $225K After Two More Crashes

While the recent drop caused billions in positions to be liquidated, Saturday has seen Bitcoin price recover 7% from the December 20 swing low of $92,230. BTC currently trades at $98,859, showing strength after a brutal crypto market crash. Popular and certified analyst Adrian Zduńczyk posted to X stating that 80% of Bitcoin’s bull run is now behind us. Regarding the recent crash, Zduńczyk notes that two more 20% to 30% crashes might occur before Bitcoin price hits $225,000, an all-time high for the ongoing bull cycle.

He paints a bullish picture for the remaining 20% of the bull run, saying, “Real altseason will happen after BTC top.” The expert warns investors to “realize gains” before 2025 ends.

Bitcoin Technical Analysis: What BTC Needs To Resume Uptrend

Bitcoin price crashed 15% from its ATH of $108,41.6 and now trades at $98K. Using the Volume Profile indicator between November 11 and December 11 shows that 68% of the volume is concentrated between the value area high (VAH) at $100,000 and the value area low (VAL) at $90,915. Interestingly, the recent drop has brought BTC back into the 68% volume profile range.

For a bullish Bitcoin price prediction, BTC bulls need to overcome two key barriers. The VAH at $100K is the first hurdle, followed by the daily imbalance, which extends from $102.7K to $105.3K.

On the other hand, if Bitcoin bears are still in control, then the ongoing recovery could face rejection at $100K or the aforementioned daily imbalance, stretching from 102.7K to $105.3K. In such a case, Bitcoin price could continue its descent and retest the range low or VAL at $90,915. 

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Bitcoin price dropped 14% from its December 17 high of $108,353. This double-digit crash is the third liquidation event in December that wiped more than $1 billion worth of position. With such a steep decline and whales offloading their BTC holdings, is the bull run over? Let’s explore.

What Drives Bitcoin’s Sudden Drop?

The US Federal Reserve’s decision to have two rate cuts in 2025 as opposed to the expected four is the main driver of Bitcoin price’s recent collapse. On December 17, BTC’s value set up an ATH of $108,353, but closed the daily candlestick with a doji. A doji is a candlestick pattern with negligible or no body and long wick. Such technical formation often hints at trend exhaustion. Since ATH, Bitcoin has shed 14% and seems to be setting up a daily low of $92,232 as of Friday.

The hawkish comments from Fed coupled with overleveraged traders caused $844 million worth of longs and $166 million worth of shorts faced liquidation on December 19.

Whales That Bought BTC Before Bull Run Sell

According to the on-chain data provider Santiment, large transactions, ie., worth $100,000 or more, have risen. To be precise, large transfers worth $100K or more and $1million or more have spiked on November 22, December 5 and December 16. Bitcoin price saw steep double-digit corrections after these events, denoting that if whale transactions spike after a rallying it serves as a proxy of whales selling.

The Network Realized Profit/Loss (NPL) indicator further solidifies that there was indeed profit-taking. As the name indicates, a positive in this index denotes profit-taking and a downtick indicates capitulation. While the former serves as a sell signal, the latter indicates a buy signal.

This indicator also shows similar spikes on November 22, December 5 and 16, hinting that whales were actually booking profits.

With these metrics pointing to whales booking profits, speculators wonder, if the bull run is over. Let’s answer this question with Bitcoin price analysis.

Bitcoin Price Analysis: Is Bull Run over?

Bitcoin’s daily chart shows that bullish market structure, containing higher highs and higher lows, has been broken. As long as BTC reclaims the ATH of $108,353 and sets up a decisive daily candlestick close above it, the outlook remains bearish. So, technically, the bull run is not over yet. 

From a purely technical standpoint, even if Bitcoin price recovers from here with the intention to retain its bullish market structure, it will face two key hurdles. The first one is the $100,000 psychological level. A flip of this resistance into support level will put BTC in front of the daily imbalance, that extends from $102,747 to $105,363.

Overcoming these two hurdles will allow Bitcoin to set up a higher high above $108,353. Even after this outlook is achieved, the bulls need to defend and prevent a production of a low lower than $92,118. In such a case, the Bitcoin price forecast hints that the bull run will continue and potentially propel BTC to new highs. 

On the other hand, if Bitcoin price fails to overcome $100,000 or the aforementioned daily imbalance it would signal a lack of buying pressure. Under these conditions, if Bitcoin could dip below to $90,000 and revisit the $87,333 support level.

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Bitcoin price today trades at $100,777.0 on 11 PM after hitting a daily high of $106,477.0 today after a -5.03% move on January 12. Will BTC continue its ascent to set up new highs? Will profit-taking tirgger a correction?

Bitcoin Price Today: Why is BTC up?

Bitcoin price today is down -5.03%  and trades at $100,777.0. The reason behind the recent drop could be investors taking a break ahead of the FOMC meeting. This key macroeconomic event will play a pivotal role in determining the bias for the next part of the bull run. A dovish outlook from the Fed could resume the uptrend, on the other hand, hawkish comments could trigger a crash for BTC and the rest of the crypto markets.

*bitcoin price updated as of 11 PM.
Value of BTC trades at $100,777.0, bringing the year-to-date gain from 56% on October 20 to roughly 148% as of January 12. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands around 73%, and is well below BTC.

Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.

Can BTC Price To End 2024 on Bullish Note?

Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Many even expect this six-digit target for BTC to sustained without crashes in 2025. This bullishness can be attributed to the historical returns, whihc shows that Bitcoin has always performed massively in the fourth and first quarters .

With that said, Bitcoin’s market capitalization, which stands at $1,995.7 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $1,995.7 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.

BTC: A composition of 24-hour Trading Volume

Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $103.2 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.

Notable Bitcoin Blockchain Upgrades

With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.

Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.

Key Bitcoin Blockchain Upgrades Since 2009

Here are some key milestone upgrades to the Bitcoin network over the past decade.

The post Bitcoin Price Today Is Down 4%, BTC Trades At $104,262 appeared first on coinpress.

Bitcoin price today trades at $105,871.0 as of 11 PM  on January 12. After hitting a daily high of $108,135.0 today BTC is up 0.23%.

Bitcoin Price Today Is Up 0.23% as BTC Trades at $105,871.0

Although BTC dropped in the first two weeks of December, the corrections were short-lived. Bitcoin price today trades at $105,871.0 and shows no signs of stopping. The reason behind this bullish trend can be attributed to the favorable conclusion of the US elections, coupled with Trump’s pro-crypto developments like setting up D.O.G.E. or promise of a strategic BTC reserve to save the US dollar. Seasonality is also another reason why Bitcoin is up.

Hence, the bullish outlook will continue in the foreseeable future.

*bitcoin price updated as of 11 PM.

Value of BTC trades at $105,871.0, bringing the year-to-date gain from 56% on October 20 to roughly 150% as of January 12. Ethereum price’s YTD performance is lackluster, stands around 74%, and is well below BTC.

BTC’s Seasonality Hints Positive End To 2024

Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Many even expect this six-digit target for BTC to sustain without any steep corrections. This bullishness can be attributed to seasonality, aka historical returns, which reveals that Bitcoin has always performed massively in the fourth and first quarters.

With that said, Bitcoin’s market capitalization, which stands at $2,099.0 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $2,099.0 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.

BTC: A composition of 24-hour Trading Volume

Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $91.2 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.

Notable Bitcoin Blockchain Upgrades

With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.

Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.

Key Bitcoin Blockchain Upgrades Since 2009

Here are some key milestone upgrades to the Bitcoin network over the past decade.

The post Bitcoin Price Today: BTC Is Up 2.37%, Trades At $107,046 appeared first on coinpress.

Bitcoin price today trades at $105,540.0 on 11 PM after hitting a daily high of $107,822.0 today after a 0.51% move on January 12. Will BTC continue its ascent to set up new highs? Will profit-taking tirgger a correction?

Bitcoin Price Today: Why is BTC up?

Regardless of the recent crashes, Bitcoin price today is up 0.51%  and trades at $105,540.0. The reason behind this uptick is President-elect Donald Trump’s BTC reserve promise as seen on Sunday during a CNBC interview. Trump emphasized that US should be the center for all things Bitcoin and crypto. During this conversation the President-elect mentioned his plans about BTC reserve. As a result, Bitcoin price shot up nearly 4% on Sunday and hit a new ATH of $106,727.

But is this enough to propel Bitcoin price to $150,000? What does technical analysis have to say about this? Does BTC’s on-chain metrics support this uptrend? Let’s find out.

Let’s find out.

*bitcoin price updated as of 11 PM.
Value of BTC trades at $105,540.0, bringing the year-to-date gain from 56% on October 20 to roughly 148% as of January 12. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands around 73%, and is well below BTC.

Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.

Can BTC Price To End 2024 on Bullish Note?

Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Many even expect this six-digit target for BTC to sustained without crashes in 2025. This bullishness can be attributed to the historical returns, whihc shows that Bitcoin has always performed massively in the fourth and first quarters .

With that said, Bitcoin’s market capitalization, which stands at $2,089.0 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $2,089.0 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.

BTC: A composition of 24-hour Trading Volume

Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $93.8 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.

Notable Bitcoin Blockchain Upgrades

With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.

Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.

Key Bitcoin Blockchain Upgrades Since 2009

Here are some key milestone upgrades to the Bitcoin network over the past decade.

The post Bitcoin Price Today Hits ATH After Trump’s BTC Reserve Promise, $150K Next? appeared first on coinpress.

Bitcoin price today trades at $101,384.0 on 11 PM after hitting a daily high of $102,658.0 today after a 0.17% move on January 12.

Bitcoin Price Today: Why is BTC up?

Regardless of the recent crashes, Bitcoin price today is up 0.17%  and trades at $101,384.0. As mentioned in a previous coinpress article, Bitcoin bounced off $99,690 support level, suggesting that the bulls are in control. Is this bounce, bullish or is it manipulation ahead of the weekend with low volume and liquidity?

Let’s find out.

*bitcoin price updated as of 11 PM.

Value of BTC trades at $101,384.0, bringing the year-to-date gain from 56% on October 20 to roughly 132% as of January 12. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands around 70%, and is well below BTC.

Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.

Bitcoin To End 2024 on Bullish Note

Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Many even expect this six-digit target for BTC to sustained without crashes in 2025. This bullishness can be attributed to the historical returns, whihc shows that Bitcoin has always performed massively in the fourth and first quarters .

With that said, Bitcoin’s market capitalization, which stands at $2,007.2 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $2,007.2 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.

BTC: A composition of 24-hour Trading Volume

Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $57.4 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.

Notable Bitcoin Blockchain Upgrades

With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.

Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.

Key Bitcoin Blockchain Upgrades Since 2009

Here are some key milestone upgrades to the Bitcoin network over the past decade.

The post Bitcoin Price Today: Will BTC Crash Before $150K? appeared first on coinpress.

Bitcoin price today trades at $101,226.0 on 11 PM after hitting a daily high of $101,845.0 today after a 1.14% move on January 12.

Bitcoin Price Today: New BTC ATH or $90K Revisit?

Regardless of this drop, Bitcoin price today is up 1.14%  and trades at $101,226.0. After dropping 2% from the December 12 swing high of $102,636 BTC currently sits above a key support level, a breakdown of which could trigger another crash, but a bounce here could kickstart the bull run. 

What will it be? A crash or a rally? Let’s explore.

Regardless of this drop, Bitcoin price today is up 1.14%  and trades at $101,226.0.

*bitcoin price updated as of 11 PM.

Value of BTC trades at $101,226.0, bringing the year-to-date gain from 56% on October 20 to roughly 132% as of January 12. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands around 70%, and is well below BTC.

Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.

Bitcoin To End 2024 on Bullish Note

Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Historical returns show that Bitcoin has always performed massively in the fourth quarter.

With that said, Bitcoin’s market capitalization stands at $2,004.8 billion and is close to hitting the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $2,004.8 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.

BTC: A composition of 24-hour Trading Volume

Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $79.5 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.

Notable Bitcoin Blockchain Upgrades

With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.

Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.

Key Bitcoin Blockchain Upgrades Since 2009

Here are some key milestone upgrades to the Bitcoin network over the past decade.

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