Bitcoin price predictions for 2025 are bullish as the cryptocurrency market witnesses a promising recovery. In 2024, Bitcoin soared by 120%, solidifying its position as a top-performing asset.
Entering 2025, the world’s largest cryptocurrency shows signs of continued upward momentum. Market analysts suggest that the rebound in digital assets could drive further growth for BTC and other cryptocurrencies.
Bitcoin price forecast: Can the market recovery drive new highs?
Bitcoin price surged to a record $108,000 on Dec. 16, marking a remarkable 210% return since Nov. 1, 2023. This unprecedented growth comes as major cryptocurrencies like Ethereum, Binance Coin, Solana, and XRP experience significant upward momentum.
Institutional interest has intensified following the SEC’s approval of a Bitcoin spot ETF, bolstering regulatory optimism and driving fresh inflows. The vanishing supply of Bitcoin on crypto exchanges adds to the bullish sentiment, signaling increased demand against limited availability.
Further support stems from macroeconomic factors, including anticipated interest rate cuts and rising federal deficits under the incoming Trump administration. The administration’s blockchain-friendly policies and plans for economic expansion are expected to provide long-term price support for Bitcoin.
Analysts also highlight the U.S. government’s expected entry into the Bitcoin market, which could amplify investor confidence. As these elements align, Bitcoin’s trajectory toward new all-time highs appears increasingly likely in 2025.
Bitcoin whales boost accumulation as realized cap hits record highs
Bitcoin whales are accumulating unprecedentedly, signaling renewed confidence in the cryptocurrency market. Recent data reveals a dramatic increase in the realized cap for new whales, emphasizing their expanding influence in the Bitcoin ecosystem.
The growth trajectory for Bitcoin whale accumulation has steepened over the past year. This surge aligns with bullish market sentiment, as the leading cryptocurrency continues to show resilience despite broader macroeconomic uncertainties.
The chart highlights a sharp uptick in the realized cap, marking a significant milestone for new whale activity.
How high will BTC price go?
At the time of writing, the BTC price is trading at $97,718, reflecting a slight 0.44% decline in the last 24 hours. The cryptocurrency has been consolidating within a tight range between $90,000 and $100,000, hinting at an impending breakout.
The MACD (Moving Average Convergence Divergence) indicator signals bullish momentum as the MACD line moves above the signal line. However, a slight bearish divergence in histogram bars suggests caution as momentum builds. The RSI (Relative Strength Index) hovers at 58.14, indicating a neutral-to-bullish zone with room for further upward movement.
If Bitcoin can maintain its momentum and break above $100,000, the next resistance zone at $108,000 will be a key test for buyers. Beyond this level, the projected target of $120,000 could come into play, marking a new all-time high.
The immediate support for BTC lies at $90,000, a key psychological and technical level that has held firm during recent dips. However, failure to sustain above $90,000 could cause BTC to retrace further, testing lower support levels.
Read more: Here’s Why Bitcoin Price Could Skyrocket to $100K This Week
