The market expert says that bitcoin can test 99 thousand dollars before an increase at the end of the year.
The price of Bitcoin was moving sideways in the last sessions, but there may be a significant outbreak soon. Currently, the price is unified below the main resistance line on the daily chart. This level has held a company for several days, which created tension in the market where merchants are waiting for the next decisive step.
Interestingly, analyst Ted Bodes indicated that in 2020, the huge government spending bill helped to send Bitcoin to record highlands. Now in 2025, there is another way of spending on the road, and this is greater, in the hope that history will restore itself.
In a recent interview, Julio Moreno, head of Cryptoquant Research, shared his view of the Bitcoin price for two months to three months. According to Moreno, Bitcoin is likely to trade between $ 87,000 and $ 99,000 in the short term if the current market conditions continue.
Moreno explained that this range depends on data on the chain showing the average price in which the Bitcoin traders attended, known as the achieved price. In Taurus markets, prices are often corrected towards this level before they rise again. The upper resistance range, which will be a potential summit at the present time, is located at $ 138,000.
Currently, the demand for bitcoin appears to be slightly weaken. Unless the purchase activity is picking up in the coming weeks, Moreno said there is a stronger opportunity to see a decline of about $ 99,000 before any large gathering. He said that in order to see Bitcoin a rise to $ 138,000, the request will need to be strengthened.
Moreno also explained that the highest market tournament in Bitcoin can still reach about 190,000 dollars at a later time, although he is expected to extend the current round to 2026. Historically, Bitcoin works well in the last quarter of the year during bulls, so the strong completion of 2025 is not out of the table.
