Bitcoin Price Prediction 2025
Famous crypto analyst Michael van de Poppe predicts Bitcoin will hit $150,000 in 2025, a 60% increase from its current levels.
Influencing Factors
1. Bitcoin’s impressive performance in 2024.
2. Global money supply increases.
3. Difficulties facing the US economy.
4. Job market decline and economic recession in 2025.
Technical Analysis
1. Last price reading: $94,171.15.
2. 1.25% decrease in the last 24 hours.
3. Trading volume: $28.57 billion.
4. Descending triangle pattern forming.
5. Resistance near $95,000.
6. Nearer support at $92,000.
Long-Term Forecast
1. Bitwise expects the price to reach $200,000.
2. Some analysts see the possibility of reaching $500,000.
3. DePop's forecast is optimistic, but depends on macroeconomic conditions.
Key Points
1. Resistance levels: $95,000, $98,322, $100,234.
2. Support areas: $92,000, $89,613, $87,314.
3. Technical indicators: Descending triangle pattern and double bottom pattern formation.