Bitcoin's price trend has long fascinated investors and analysts. As 2025 approaches, speculation is growing about the digital currency's potential to reach $350,000.
This bold prediction from Robert Kiyosaki, author of Rich Dad Poor Dad, has gained attention, especially since former President Donald Trump endorsed Bitcoin. However, the outlook depends on key factors, including support and resistance levels as well as trading volume trends.
Price Trends and Important Levels
Bitcoin is currently priced at $100,750, reflecting a 4% drop on the day. Despite the drop, the overall trend shows resilience. Recent resistance at $106.5k marks a key level to watch. A break above this level could signal a bullish reversal, pushing prices higher.
On the other hand, Bitcoin has found soft support near $101K, where buying activity is evident. If this level fails to hold, the price could drop below the psychological $100K mark. Keeping a close eye on these levels will be essential for traders navigating the short-term market landscape.
Volume and Market Activity
Bitcoin trading volume increased by 7.74% over the past 24 hours to $74.59 billion. While this increase reflects strong market participation, the falling price indicates significant selling pressure, which could limit the upside momentum.
However, the increased activity suggests a potential for price stabilization, signaling the market is preparing for a recovery.
Looking Ahead: Bitcoin In 2025
Bitcoin price prediction 2025 shows a promising outlook. Changelly blog analysts predict a minimum price of around $101,204, with a potential of as high as $110,211. The average trading price of Bitcoin in 2025 is expected to hover around $119,218.
DYOR! #Write2Win #Write&Earn $BTC