Bitcoin ($BTC ) has experienced significant volatility recently, reaching an all-time high of over $108,000 earlier this week before retreating to approximately $97,000.
This fluctuation is influenced by various factors, including macroeconomic indicators and regulatory developments.
The Federal Reserve's recent comments about fewer interest-rate cuts in 2025 have impacted both equity and cryptocurrency markets, contributing to Bitcoin's recent decline.
Additionally, discussions about establishing a U.S. strategic Bitcoin reserve have introduced new dynamics into the market.
Looking ahead, analysts have varying predictions for Bitcoin's trajectory.
Some forecasts suggest that Bitcoin could reach between $130,000 and $175,000 by early 2025, with peaks expected around February or March.
Others are more conservative, projecting a rise to approximately $110,000 by the end of 2024 and potentially $200,000 in 2025.
It's important to note that Bitcoin's price is highly volatile and influenced by numerous factors, including regulatory changes, macroeconomic trends, and market sentiment.
Investors should exercise caution and conduct thorough research before making investment decisions.