Bitcoin recently reached a new all-time high of 107,793.07 USDT, as seen in chart. The price action and technical indicators suggest significant momentum.
Factors to Consider for 2025:
1. Halving Effect: Bitcoin’s next halving (April 2024) will reduce the block reward, historically triggering bullish price cycles due to reduced supply.
2. Institutional Adoption: With companies like MicroStrategy and potential Bitcoin ETFs, institutional adoption is expected to grow, pushing demand higher.
3. Macroeconomic Conditions: Global inflation, interest rates, and fiat currency instability may drive more investors toward Bitcoin as a hedge.
4. Technical Indicators:
• RSI: Overbought signals (87.03) suggest a potential short-term correction, but long-term momentum remains strong.
• EMA/MA Trends: Exponential and moving averages show bullish continuation.
Predictions for 2025:
• If bullish momentum continues post-halving, Bitcoin could aim for $150,000–$200,000 levels.
• Corrections along the way are likely, offering opportunities for accumulation.
