Connect with us

Bitcoin

Bitcoin (BTC) Analyst Expects $100,000 By December – Details

Published

on


Bitcoin is now in a consolidation phase after weeks of significant selling pressure and fear throughout the market. The price has dropped over 19% from local highs in late August and is currently testing resistance around $58,000. Despite this recent downturn, the broader outlook remains optimistic.

Top analysts and investors are projecting a price surge, with predictions of Bitcoin reaching $100,000 by the end of the year. One prominent analyst recently shared a chart with a technical prediction that points to a potential breakout in the coming weeks.

This consolidation period could be setting the stage for the next major rally as Bitcoin continues to test key resistance levels. Investors are keeping a close eye on these technical indicators to determine the future price direction of the leading cryptocurrency. With volatility still present, the next few weeks will be critical for Bitcoin’s trajectory.

Is Bitcoin Reaching $100,000 This Year?

Bitcoin is currently at a crucial level, aiming to reclaim higher prices and initiate a bullish trend. After weeks of fear and uncertainty dominating the market, optimism is slowly returning as top investors share more confident outlooks. 

One of the leading voices in this shift is Kaleo, a respected investor and trader, who recently posted a technical analysis on X. His analysis draws a comparison between the current BTC chart and the one from January, a pivotal month when spot Bitcoin ETFs were approved and the price surged aggressively.

BTC projection to $100,000 by December.
BTC projection to $100,000 by December. | Source: Kaleo on X BTCUSDT chart on TradingView

Kaleo’s bold prediction places Bitcoin at $100,000 by December, a figure that has been a key target for crypto investors since the last bull run. While the market has been recovering from a series of corrections since March, the idea of Bitcoin reaching this milestone by year-end is not far-fetched. Bitcoin rallies are historically fast and explosive, which makes this prediction feasible if the market momentum picks up soon.

The market is still navigating through a recovery phase, but many investors are eyeing this $100,000 target as a realistic possibility. Should Bitcoin break through key resistance levels, the coming months could see an accelerated push towards this milestone, setting the stage for another historic bull run.

BTC Price Action

BTC is currently trading at $56,443, following a 10% surge from $52,540. The price is now testing local resistance at $58,070. Despite this positive movement, BTC remains below the 4-hour 200 exponential moving average (EMA), currently at $58,820. This EMA has acted as a key resistance level since early August, influencing short-term momentum.

BTC trading below the 4H 200 EMA.
BTC trading below the 4H 200 EMA. | Source: BTCUSDT chart on TradingView

For bulls to regain control and initiate a stronger upward trend, BTC must break through the 4-hour 200 EMA and surpass the critical $60,000 level—a significant psychological barrier for crypto investors. Successfully overcoming these resistance points could position BTC to target mid-range prices around $65,000.

Conversely, if BTC fails to breach the 4-hour 200 EMA, we may see a period of ranging consolidation or even a deeper correction. The inability to clear this resistance could lead to a test of lower support levels, potentially impacting market sentiment and short-term price action. Investors should closely monitor these key levels to gauge Bitcoin’s next moves and adjust strategies accordingly.

Featured image from Dall-E, chart from TradingView



Source link

Bitcoin

Bitcoin Breakout Struggles Linger: Here Are The Levels To Watch

Published

on


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Bitcoin price closed the past week on a positive note and will be hoping to start the new week on an even stronger foot. However, sideways movement has been a constant feature in the weekend price action of Bitcoin so far in 2025.

Similarly, the flagship cryptocurrency has struggled to build on Friday’s momentum, recording no significant change in the past day. A market analytics firm MoreCryptoOnline has identified specific price levels that might be crucial to the future price trajectory of BTC. 

Here’s Why Bitcoin Must Break Resistance At $86,700

In a March 15 post on the X platform, MoreCryptoOnline shared an interesting Bitcoin price analysis, identifying the important levels for potential short-term movements. In the past week, Bitcoin produced a rather choppy price movement characterized by a series of gains and losses of almost similar margins.

Most notably, the premier cryptocurrency broke above the week’s high of $84,294 to reclaim the $85,000 price level. However, bullish momentum proved unsustainable, as selling pressure quickly triggered an immediate retracement.

Source: @Morecryptoonl/X

As shown in the chart above, MoreCryptoOnline expects that if the Bitcoin price manages a successful close above the specified supply barriers, a surge to $89,012 could be on the cards. This move would likely be followed by a minor pullback to $87,204 before the Bitcoin price finally returns to around $92,017.

On the flip side, the next most important support for the BTC price lies around the $82,564 region. If the market leader slips below this price cushion, investors could effectively conclude that the recent price breakout was a failure. 

In this case, overwhelming selling pressure could force the price of Bitcoin to around $77,859, with the risk of falling to as low as $71,011. 

Bitcoin Price At A Glance

As of this writing, Bitcoin is priced at around $84,050, reflecting no significant movement in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by over 2% in the last seven days. With a market cap of $1.67 trillion, BTC remains the world’s largest cryptocurrency.

Bitcoin

The price of BTC is hovering around the $84,000 mark on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Continue Reading

Bitcoin

Bitcoin Halving Trends Indicate 150% Max Gains For Current Cycle

Published

on


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In the usual style of the high market uncertainty and volatility associated with the current bull cycle, the price of Bitcoin (BTC) fell to around $77,000 in the past week before rising by over 10% to successfully reclaim the $85,000 price zone.

Despite this price recovery, the heavy market corrections in recent weeks have drawn intense doubts about the viability of the current bull run. Interestingly, on-chain analytics firm IntoTheBlock believes the market peak may have yet to occur based on historical data.

Bitcoin Halving Cycles Reveal Diminishing Returns But Market Could Peak By 150%

In its most recent weekly newsletter, IntoTheBlock analysts have explored historical metrics to evaluate the current status of the Bitcoin market. Notably, this insightful report indicates that BTC is still far from its projected returns based on previous cycles, suggesting the crypto bull run is potentially active.

According to IntoTheBlock, Bitcoin has continuously experienced a decline in post-halving returns with each subsequent cycle yielding lower peak gains compared to its predecessors. The halving is a crucial blockchain event during the block reward for Bitcoin miners is reduced by half, thereby slowing the release of new tokens to maintain scarcity.

The halving occurs every four years and is a major checkpoint in the market cycle. Following the first halving in November 2012, the Bitcoin market recorded staggering market gains peaking at around 6,000% – 8,000% before finding stability at around 1,600% – 4,000%.

The market surge post-second halving was notably still strong reaching around 2,000% and settling at 600%. After the third halving in May 2020, BTC experienced some modest gains not more than 600%.

Clearly, the BTC market displays a diminishing returns pattern following successive halving, which suggests the premier cryptocurrency’s growth potential tends to reduce alongside price growth. This trend is characteristic of a market reaching maturation as Bitcoin now ranks as the eighth largest asset in the world.

Presently, the current Bitcoin cycle has only reached peak gains of 60% post-halving. While this fourth cycle is expected to maintain the pattern of diminishing returns, IntoTheBlock analysts are projecting maximum market gains between 50%-150%, indicating more room for price growth at the moment.

BTC Price Peak To Come In H2 2025?

According to more analysis from IntoTheBlock, Bitcoin is shown to typically attain its market peak 12-18 months post-halving. Following this pattern, the premier cryptocurrency is expected to experience some significant appreciation between mid-2025 to late 2025.

However, it is worth noting that market conditions are currently different especially considering the growth of institutional interest and the recent tariff policies of the US government. At the time of writing, Bitcoin trades at $84,391, reflecting a decline of 1.64% in the past seven days.

Bitcoin
BTC trading at $84,395 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from iStock, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Continue Reading

Bitcoin

Bitcoin Open Interest Climbs 13% From Recent Low — Bull Run Restart?

Published

on


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After a torrid start to the week, the price of Bitcoin appears to be finally stabilizing and building some bullish momentum. On Friday, March 14, the flagship cryptocurrency demonstrated this growing momentum, as it steadily climbed the charts and briefly crossed the $85,000 mark to close the week.

Interestingly, the BTC open interest (OI) has also been moving in a similar direction as the price over the past few days. With the rising open interest, the pressing question that demands a quick answer is — is the Bitcoin bull run back on track?

BTC Open Interest Jumps To $27.9 Billion — What Does It Mean?

In a new post on the X platform, a CryptoQuant community analyst with the pseudonym Maartunn revealed that the Bitcoin open interest is on the rise. For context, the open interest metric tracks the total amount of money poured into BTC derivatives at any given time. 

According to data from CryptoQuant, the Bitcoin OI witnessed a notable upswing on Friday, rising to $27.9 billion. Maartunn noted that this significant move marked an over 13% jump (more than $3.3 billion) from the metric’s most recent low.

Bitcoin

Source: @JA_Maartun

Typically, an increase in the Bitcoin open interest suggests that investors are opening up new positions in the futures and options market. It implies that investors are pouring money into BTC derivatives at the time. Conversely, a falling OI value indicates that derivatives traders are leaving their positions or getting liquidated in the market.

A growing open interest could be a healthy bullish sign for the premier cryptocurrency — especially if historical precedence is anything to go by. The influx of fresh capital into the market suggests surging investor sentiment (typically confidence) or speculation on the Bitcoin price trajectory.

As more investors flood the derivatives market and continue to bet on BTC’s price, the rising open interest could further heighten volatility in the Bitcoin market. Increased volatility signals that the flagship cryptocurrency could potentially experience large price movements soon.

What Next For Bitcoin Price?

BTC’s price does appear to be gearing for a significant move to the upside. Chartered Market Technician Tony Severino shared on the X platform that the market leader could make a run to around $95,000 over the next few days.

Bitcoin

Source: @tonythebullBTC

The crypto expert noted that this projection hinges on the Bitcoin price reclaiming the 200-day moving average (MA). If the price of BTC decisively closes above this MA, it could run to the 50-day MA around the mid-$90,000 region.

As of this writing, the price of Bitcoin stands at around $84,500, reflecting an almost 5% increase in the past 24 hours.

Bitcoin

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image created by DALL-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io