Bitcoin ( $BTC ) has recently experienced a pullback, declining over 6% this week to trade below $98,000. This downturn is 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 the anticipated 'Santa rally' in the crypto market.
Despite this short-term volatility, analysts maintain a bullish outlook for Bitcoin. Predictions suggest that BTC could reach $150,000 by 2025, driven by increasing institutional adoption and favorable regulatory developments. Investors are advised to monitor macroeconomic indicators and central bank policies closely, as these factors are expected to significantly influence Bitcoin's trajectory in the coming months.
For a visual representation, consider using a thumbnail that depicts Bitcoin's recent price movements, such as a candlestick chart highlighting the latest trends.
