Bitcoin has increased by 5% on a weekly basis and has attracted the attention of investors. Trading at $98,924.3, Bitcoin aims to make a strong start to 2025. However, the leading cryptocurrency is struggling to break through the $100,000 level. Experts say that Bitcoin has generally shown a positive performance, but it is difficult to break above this critical level.
According to a report published by 10X Research, Bitcoin is expected to recover in the first quarter of 2025. However, it is estimated that there may be a short-term decline before the Consumer Price Index (CPI) data to be announced on January 15. Analysts point out that economic data can cause temporary fluctuations in the cryptocurrency market. 10X Research experts emphasize the importance of market sentiment by saying, "A positive start is expected in January, but a decline may occur before the CPI announcements."
Economic Concerns and the Power of Bitcoin
According to Swissblock analysts, there is a mismatch between economic indicators and financial markets. Investors continue to turn to risky assets like Bitcoin despite signals of an economic recession. "While the economy is giving signs of worsening, markets are ignoring these warnings," Swissblock said in a statement. Analysts state that Bitcoin's cautious sentiment throughout 2023 provides a positive foundation for sustainable growth. Avoiding major fluctuations in the altcoin market seems to have helped Bitcoin show a more stable performance.
Short-Term Prospects for Bitcoin
Swissblock predicts that if inflation data is positive, a new bull run could begin in the markets. However, the Federal Open Market Committee (FOMC) meetings could slow down this rally. Analysts remind investors that Bitcoin could break the $100,000 level, but should be monitored carefully for fluctuations.
As a result, the Bitcoin market has a positive outlook in the short term. Experts say that recovery will begin in early 2025 and that Bitcoin has a strong long-term growth potential. It is of great importance for investors to closely monitor market conditions and shape their strategies accordingly.
