Key Takeaways
- Following an increase in volume, Bitcoin’s price could decline further in the coming days, as bears could capitalize on it.
- BTC could drop to its demand zone of $90,000 and $88,000 as investors favor this zone.
- Bitcoin’s price needs to trade above the 50-day and 200-day EMAs for a more bullish trend, with $101,000 as key resistance.
What looked like the best Christmas gift for Bitcoiners was a fakeout. Bears rejected Bitcoin’s rally to $99,400 due to low volume around the festive periods of 2024, and the price of BTC suffered a fresh new hit from bears.
Bitcoin is not the only cryptocurrency asset facing such a decline in the past few days. There has been low-volume activity in the cryptocurrency market, coupled with a major dump of over 25% just before the Christmas break. Investors and whales are seeking for the best BTC buy or altcoins with exponential profit returns like HBAR, DOGE, XRP, ADA, and PEPE.
Let’s discuss Bitcoin’s current price action, areas to pay attention to, and a potential $250,000 rally in 2025. The year 2024 wasn’t bad for BTC, as its price rallied from $30,000 to an all-time high of over $108,000 within a space of one year, showcasing its strength and adoption in recent times.
Market Sentiment – What Will Be The Price Of Bitcoin In 2025?
Source – BTC Market Sentiment From Digitalcoinprice
Due to the crypto market’s low volatility and Bitcoin’s low trading activity, the current market sentiment for BTC and other crypto assets has dropped in the past couple of days. BTC’s sentiment in the current market has gone from extremely greedy to extreme fear, leading to price drops across the market.
Does this current price action affect Bitcoin’s overall price and bullish movement in 2025? The answer remains no, as this movement in the last few days has resulted from low-volume activity. With companies and institutions fully opening in January 2025, we could see some firepower from Bitcoin as the price could resume its rally to $250,000.
Many crypto analysts and platforms have positive expectations of Bitcoin rallying to a high of $250,000 in 2025. The market could see more volume, investors bidding for more buys, and retailers coming into the space to explore the opportunities of the cryptocurrency space.
Technical Analysis Bitcoin Price Prediction For Today, Tomorrow, Daily, 2025, 2030
Source – BTC Price Chart From TradingView
Bitcoin’s current price action lacks bullish volume to sustain price to the upside. The price of Bitcoin has suffered a major setback towards its sub $95,000. The price could be headed lower toward its key support or demand zone of $90,000 to $88,000, and the price could begin a fresh rally in 2025.
The price of Bitcoin currently trades below its 50-day and 200-day Exponential Moving Averages (EMAs) on the 4-hour timeframe, suggesting that bears will be looking for an opportunity to push the price of Bitcoin lower in the coming days.
The key demand zones for bulls to push the price of Bitcoin higher are $90,000 and $88,000, which act as strong liquidity areas with unfilled orders for BTC buy positions. With BTC’s price filling orders at those zones, altcoins could become cheap also for many buy orders, giving opportunities for more profit returns.
Key Support Zone – $90,000 and $88,000
Key Resistance Zone – $$101,000
