Key Takeaways
- Bitcoin price prediction could hold if BTC bulls defend price from trading lower than $92,000.
- The current sentiment of the Bitcoin and crypto market is neutral as traders and investors employ caution when trading.
- BTC’s price trading below its 50-day EMA on a higher timeframe is a short-term worry for bulls.
The cryptocurrency saw a wild downtrend from late January to early February 2025 as the price of Bitcoin crashed from its high of $107,000 to a region of $90,500, leading to over $2 billion worth of liquidity being wiped out in less than 24 hours with such an event last seen during the COVID-19 pandemic.
While the market panicked with many sell orders, this was the first major price retracement for Bitcoin in months. Following its price, Bitcoin has created new highs for the past couple of months, as speculation of a price hitting a high of $120,000 before the end of 2024 was not achieved.
Despite the price of Bitcoin (BTC) crashing towards its low and key support region of $90,500, it bounced off from this point, with buy orders pushing the price towards a high of $102,000, indicating that its bullish price action ahead of 2025 remains on course.
Bitcoin (BTC) price trading above $97,000 acting as support. Could this lead to new all-time highs for Bitcoin (BTC) in February 2025? Crypto analysts speculate that the price of BTC could hit $120,000 before the end of February 2025.
Bitcoin Market Update – Which Crypto Will Boom In 2025?
Source – Bitcoin On-chain Analysis From Santiment
Bitcoin and the current crypto market are experiencing a relief bounce following a price crash. The market could rally high in the coming weeks. However, traders and crypto investors are cautious based on market sentiment.
The Bitcoin fear and greed index for the market is at a neutral point of 54, indicating the general market sentiment around trading is low, as traders and investors do not want to give profits back to the market.
Despite such sentiment in trading, the crypto market’s overall trend remains bullish. Traders and investors will be looking to buy high-performing crypto assets at a cheap price ahead of a price rally in the coming weeks.
What Is The Expected Price Of Bitcoin In 2025?
Source – 1D Bitcoin (BTC) Price Prediction From TradingView
After taking out sell-side liquidity to the downside, the price of Bitcoin (BTC) bounced off this region, trading above $97,000 on the daily timeframe. However, its bullish structure hangs on an edge, as BTC bears could look to push the price lower towards $75,000.
The price of BTC needs to form a strong support around its $95,000 to $97,000, giving bulls more opportunity to prevent the price from going lower. While its price trades below its 50-day EMA, this is a worry as the price needs to reclaim its price above this region of $102,000, which acts as minor resistance.
Different crypto analysts predict Bitcoin’s price for 2025 could rally to a high of $150,000 to $200,000 during this bullish cycle, as Bitcoin has demonstrated a strong uptrend. If the price of BTC breaks above its resistance at $109,000, we could see new all-time highs of $120,000.
