Technical indicators indicate that Bitcoin may reach $ 120,000 in the second quarter.
The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Este artículo también está disponible en estñol.
Recent expectations by the Standard Charterd Company indicate that the leading cryptocurrency in the market, Bitcoin (BTC), will reach a new record of about $ 120,000 in the second quarter (Q2) from 2025.
By the end of 2025, the cryptocurrency may rise to $ 200,000, by 65 % of the Q2 target and more than 110 % of its current price, according to this prediction, which means a potential growth of 25 % of the current levels.
Increase bitcoin in the upscale installment
Analyst Jeff Kendrick Confirm Many of the main factors that contribute to this optimistic view to drop the Bitcoin price, referring to the 12 -year -old US Treasury installment.
According to the analyst, the term Premium refers to the additional return that investors ask for to keep them for a longer period Treasury bonds Compared to the shortest cases over the time, it indicates the wider market conditions that can prefer bitcoin as an investment.
Related reading
In addition to macroeconomic indicators, Kendrick highlights the behavior of big large investors, known as “whales”, and they are BTC holders accumulating the activity of assets, a trend that indicates an increase in confidence in its value.
For example, the Bitcoin agent’s strategy (previously known with Microstrategy), founded by BTC Bull Michael Saylor, is currently the largest company holder in the encrypted currency, recently on Monday another week of weekly purchases.
Possible side trading?
Another noteing direction is the movement of money to Bitcoin Funds circulating for exchange (ETFS), which is explained by Kendrick as a safe redress of traditional assets such as gold.
In his opinion, this shift reflects wider feelings among investors who are increasingly looking for BTC as an applicable alternative during unconfirmed economic times.
As of Monday morning, Bitcoin was trading at a price of about 95300 dollars, and remained relatively flat for this year, but by 51 % compared to the same time last year.
Related reading
Kendrick warns that historical patterns in bitcoin prices indicate that sharp increases are often followed by long periods of Side trading. On the contrary, the search for Alpha Damir Tokic analyst provides a more cautious perspective about the future Bitcoin path.
It indicates that BTC can continue to decrease alongside NASDAQ 100 if the market sale is accelerating and the morale of investors deteriorates. However, it also recognizes the possibility of consolidating the bitcoin by placing it as a safe origin, especially if the US dollar continues to decline.
When writing, BTC is lower than 95,000 dollars about $ 94,560, it still rises by 1.1 % in the 24 -hour time frame. However, ETHEREUM (ETH) has outperformed BTC prices with an increase of approximately 14 % in the weekly timetable, compared to an increase of 7.3 % of Bitcoin in the same time frame.
Other major altcoins such as XRP and Solana (SOL) also witnessed remarkable prices, as it recorded 10 % and 6 % gains in the weekly time frame.
Distinctive image from Dall-E, Chart from TradingView.com
