$BTC However, the market has since experienced a correction, with Bitcoin's price declining to around $96,360, reflecting a 5.16% decrease over the past 24 hours.

Analysts have varying predictions regarding Bitcoin's next move. Some forecasts suggest that Bitcoin could trade between $117,767 and $177,384 in 2025, with an average expected price of $148,843.

Others anticipate potential corrections of up to 30% in early 2025 before possibly reaching $200,000 later in the cycle.