Bitcoin has shown continued upward momentum in 2025, will it continue its upward trend?
In this article, we will discuss today’s BTC price forecast, possible reasons behind its rise, and where we could see it in the coming weeks.
Bitcoin price forecast in the short term
According to technical analysis, Bitcoin’s forecast for today is bullish. BTC is currently trading at around $104,050, having recently broken through the critical $104,000 resistance level.
This rally signals a continuation of the upward trend that began after the recent pullback to near $89,000 where BTC tested the ema50 and bounced back.
BTC is now targeting the next major resistance level at $105,000. This level has been a massive barrier in the past and could pose a challenge for further upside momentum. If BTC overcomes this resistance, it could target all-time highs in the $110,000 to $115,000 range, driven by historical patterns and psychological levels.
On the downside, the $100,000 level, which was a major resistance level before the breakout, is now acting as a short-term support level. If Bitcoin price drops below this mark, the next support level will be around $95,000, where the price is consolidating before its recent surge. A larger decline could see Bitcoin test the crucial support at $90,000 again.
The bullish sentiment is reinforced by BTC’s current position above the major moving averages, which traditionally indicates a strong uptrend. Additionally, the rise in trading volume accompanying the break above $100,000 highlights significant buyer interest, further supporting the bullish case.
Bitcoin price: latest news
Since the beginning of 2025, Bitcoin has been heavily influenced by fundamental news.
Suspense surrounds the president-elect Donald Trump The upcoming opening has significantly affected the cryptocurrency sector. His administration is expected to adopt a pro-crypto stance, with key appointments of individuals such as Paul Atkins and David Sachs, who are known for their positive views on cryptocurrencies.
Proposed executive orders to create a national bitcoin reserve and stop debunking practices signal a shift toward greater acceptance and integration of digital assets into the U.S. financial system.
Institutional interest in Bitcoin has surged, especially from pension funds. Both the Michigan and Wisconsin Investment Board have made significant investments in U.S. regulated exchange-traded funds, such as BlackRock’s Bitcoin ETF and Grayscale’s Ethereum ETF.
This trend reflects growing confidence in Bitcoin as a legitimate financial asset, driven in part by expectations of supportive policies from the incoming administration.
In short, Bitcoin’s forecast today is bullish and it is possible that it will reach the above-mentioned goals in the short term. It is advisable to monitor the latest news about the price of Bitcoin as it can help you make an informed investment decision.
Frequently asked questions
Will Bitcoin rise tomorrow?
No one knows the answer to this question because BTC is one of the most volatile assets in the cryptocurrency market. Basically, Bitcoin’s outlook today is bullish, however, this does not guarantee that it will continue pumping tomorrow. It is advisable to do your research and consult cryptocurrency experts, and only then make a trading decision to trade Bitcoin tomorrow.
What factors affect the price of BTC?
The price of Bitcoin is affected by several factors including retail and institutional interest, media coverage, social media and news media sentiment, mining difficulty, and potential correlations with other financial markets.
