Bitcoin Price Struggles to Reclaim $100,000 Level When 2025 Begins

As the new year begins, the price of Bitcoin continues to consolidate below the psychological threshold of $100,000. After a price surge in 2024 took BTC from $40,000 to $108,000, this cryptocurrency has been unable to reclaim its previous high. Many investors are now questioning what will happen to Bitcoin in 2025. Is this the start of a larger market correction? Bitcoin Price Performance in 2025 Bitcoin started the year trading at around $93,300, after two weeks of fluctuating below $100,000. Traditionally, the beginning of the year usually sees market activity slow down as global trading volumes slow down due to holiday breaks and reduced investor participation. Please provide the text to be translated. This consolidation phase has limited Bitcoin's range and prevented it from regaining momentum. While some see it as a temporary pause, others believe it signals the start of a broader correction after an unprecedented price surge in 2024. Why has the growth of Bitcoin slowed down? Seasonal trend Traditionally, January usually sees lower activity for all types of assets, including cryptocurrencies. The holiday season witnesses reduced market participation, resulting in decreased volatility and lower liquidity. Psychological resistance Bitcoin's inability to surpass the $100,000 mark has created a psychological barrier for traders, making it difficult for prices to regain momentum. Effects after the Bull Run After a strong price increase that drove Bitcoin from $40,000 to over $108,000 in 2024, the market seems to be in a consolidation phase. This often precedes a more significant correction, especially when prices fail to reach new highs. Please provide the text to be translated. Predicting the price of Bitcoin for 2025 Analysts have different views on the next direction of Bitcoin, but most agree on the possibility of a downward correction: Short-term prospects The current consolidation of Bitcoin indicates a lack of strong buying demand. If the price continues to stagnate, a drop to $85,000 may be imminent. Mid-term prospects Analysts predict that Bitcoin could drop further to around $75,000-85,000. This potential decline would represent a natural correction after a significant increase in 2024. Potential price recovery Despite the prospect of price decline, the long-term prospects of Bitcoin remain intact. Many people see the current price drop as an opportunity to accumulate before the next major cycle begins. Please provide the text to be translated. What will happen to Bitcoin in 2025? Bitcoin's performance in early 2025 reflects a market that is taking a breather after a period of explosive price increases. While the price is still below the $100,000 mark, the potential for further decline to the $75,000–$85,000 range has become the main focus of analysts. For long-term investors, this consolidation phase may present an opportunity to accumulate Bitcoin at a lower price. However, traders should exercise caution and monitor key support levels as the market transitions to the next phase.

BTC-2.64%
G-7.04%
S-6.44%
X-3.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)