Bitcoin made huge gains in December, hitting a record high above $108,000.
But statements by Federal Reserve Chairman Jerome Powell during the Federal Open Market Committee meeting raised doubts about the currency's path, especially after he confirmed that the Federal Reserve would not hold Bitcoin.
He also expressed reservations about further interest rate cuts in the near future.
Bitcoin price fell after these statements to a range of $92,600 to $100,000, with a further drop to $95,600 recently.
Recent moves by investors, including sending over 33,000 BTC to exchanges, could be a sign that they are ready to sell, increasing the likelihood of a continued correction.
Expected scenarios:
Despite the bearish signs, some analysts remain optimistic.
Some see Bitcoin breaking the $100,000 barrier again soon, with highs expected to reach $110,000 or more.
While others expect to record historically higher levels in 2025, citing a bullish cycle that has not yet peaked. Among the most popular predictions is that it will reach half a million dollars by the end of 2025.
But this is not certain as the future direction of Bitcoin price depends on market developments and the extent to which economic factors and major investment decisions influence the price movement.