Bitcoin $104,723.9 (BTC) broke the 106 thousand dollar threshold in the first hours of the day, breaking a new record. Investors expect the price to move towards 120 thousand dollars with positive seasonal effects. Optimism towards US policies and large corporate investments contributed significantly to this rise.
Bitcoin’s Technical Outlook and Historical Trends
Bitcoin’s recent price movements indicate that it has formed rising lows and a bull trend is continuing. Technical analysis is an analysis of the current price level. bull flag formation It indicates that this formation has formed and that the price may rise further.
December has historically been known as a positive month for Bitcoin. In the eight years since 2015, Bitcoin has closed December in a positive position six times. During this period, price increases in December ranged between 8 and 46 percent. “Santa Claus RallyThis period, called “”, is attributed to the increase in investor demand and seasonal trends.
Increasing demand in the markets before the holiday season and calendar effects create a predictable movement in prices. Investors expect the price to exceed the 120 thousand dollar level, especially by the end of the year.
Expert Opinions: Target for Bitcoin is $125,000
COO of cryptocurrency exchange BTSE Jeff Meisaid he sees great potential for Bitcoin. “We think Bitcoin can easily hit $125,000 by the end of 2025,” he said. Mei stated that some investors may think that Bitcoin is priced with the rise in the last month, but the rally is still in its early stages.
“Institutional investors and high-income groups invest 1 to 3 percent of their portfolios. BTC“When he agrees to allocate it to , inflows into cryptocurrencies will increase greatly,” said Mei, underlining the positive effects of Donald Trump’s professional crypto appointments, incentives from China and interest rate cuts in the USA.
Investors believe that the uptrend will continue with the increasing acceptance of Bitcoin and the improving regulatory environment. These positive expectations are the biggest cryptocurrencyIt can take it to new heights.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
