Will Bitcoin establish new highs for 2025? $
The price of Bitcoin recovers ground and is trading near $100,000
The star asset records a new bullish push. Now, it is positioned above $98,000 and enthusiasm is growing as we approach the end of December.
After staying low for the past few days, the price of Bitcoin is back on the bullish path and is now very close to the $100,000 zone.
According to various specialists, the most relevant cryptocurrency for the financial ecosystem would close "strongly" in 2024, although there are external catalysts that could define the direction of the asset.
The market projects new historical jumps in 2025
"The close of 2024 is shaping up to be a crucial period for Bitcoin, where the convergence of fundamental and technical factors suggests significant movements in the market," said Matías Part, analyst at Bitget.
Regarding technical analysis, he indicated that the star coin "is currently operating within a defined consolidation range between $97,000 and $101,000," so "the market is accumulating strength before a significant directional movement."
Additionally, Ryan Lee - an expert and member of the exchange - stated that, "towards 2025, long-term projections suggest that Bitcoin will establish new all-time highs before altcoins regain attention and traction."