- Bitcoin’s resistance at $106.5K could trigger a bullish shift if broken.
- A failure to hold support near $101K could lead to a drop below $100K.
- Analysts predict Bitcoin’s 2025 average price could reach $119,218, signaling growth.
Bitcoin’s price trends have long intrigued investors and analysts. With 2025 on the horizon, speculation is growing about the digital currency’s potential to reach $350,000.
This bold forecast from Robert Kiyosaki, the author of Rich Dad Poor Dad, has sparked interest, especially in light of former President Donald Trump’s endorsement of Bitcoin. However, the outlook depends on key factors, including support and resistance levels and trading volume trends.
Price Trends and Key Levels
Bitcoin is currently priced at $100,750, reflecting a 4% daily decline. Despite this drop, the broader trend hints at a potential recovery. The recent resistance at $106.5K marks a critical level to watch. Breaking above this could signal a bullish reversal, driving prices higher.
Read also: Bitcoin Bull Run Indicators Show Price Rally Is Far From Over
On the other hand, Bitcoin has found soft support near $101K, where buying activity is evident. If this level fails to hold, prices may dip below the psychological $100K mark. Monitoring these levels closely will be essential for traders navigating the short-term market landscape.
Volume and Market Activity
Bitcoin’s trading volume has risen by 7.74% over the past 24 hours, reaching $74.59 billion. While this increase reflects strong market participation, the price drop indicates substantial selling pressure, which may limit bullish momentum.
Nonetheless, the heightened activity suggests a potential price stabilization, signaling that the market is preparing for a rebound.
Looking Ahead: Bitcoin in 2025
Bitcoin’s price prediction for 2025 shows promise. Changelly bog analysts predict a minimum price of around $101,204, with the potential to reach as high as $110,211. The average trading price for Bitcoin in 2025 is expected to hover around $119,218.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
