#BTCNextMove

(BTC) has recently experienced a decline of approximately 4% following its all-time high of over $106,000 earlier this month.

This downturn is partly attributed to hawkish comments from Federal Reserve Chair Jerome Powell, indicating a potential slowdown in the interest rate cutting cycle next year, which has dampened investor sentiment.

Despite this recent dip, many analysts maintain a bullish outlook for Bitcoin in the coming years. For instance, VanEck forecasts a price of $180,000 by Q1 2025, Standard Chartered projects $200,000 for 2025, and investor Tim Draper anticipates $250,000 by the end of 2025.

Additionally, the re-election of President Donald Trump, who has adopted a more crypto-friendly stance, is expected to positively influence Bitcoin's trajectory. His administration's potential for lighter regulations and supportive policies could further bolster the cryptocurrency market.