#Bitcoin Price Prediction for 2025  

Bitcoin targets 120K: As 2025 approaches, the market becomes optimistic
Bitcoin has been struggling to reclaim the $100,000 support level in the past few days, reflecting the hesitancy of the short-term market.
However, a broader macro perspective suggests that BTC is expected to achieve significant gains by 2025, and a bullish trend is slowly forming.
Bitcoin's new high is not far away
The total cost basis for short-term investors (STHs) is currently $86,800, not far from the current price of Bitcoin at $94,170. Historically, STHs have tended to sell quickly during price fluctuations. However, since these investors currently hold an unrealized gain of 7.9%, they are more likely to hold when the market is expected to rise.
This cautious optimism stems from increased confidence in the macro outlook for Bitcoin. Supported by market sentiment, long-term Bitcoin holders appear to be prepared to hold their ground. As Bitcoin approaches key resistance levels, higher price targets may encourage investors to avoid exiting prematurely. This strengthens the bullish case for 2025.
Bitcoin's rebound from $94,000 could 'create new millionaires'. The resistance shown by this price level, which has been repeatedly tested over the past six weeks, highlights its importance as a significant support level.
This sustained rebound has sparked bullish predictions of reaching $112,000 in the short term. Bitcoin's ability to hold above $94,000 in the face of increasing buying pressure reflects strong macro momentum. If this trend continues, BTC will break through resistance levels and aim for higher targets in the upward movement.
BTC price prediction: observed bullish sentiment
The current trading price of Bitcoin is $94,060. Its next major target is set at $120,000. From a macro time frame, BTC appears to be forming a parabolic curve, indicating a sustained bullish trend. This technical pattern aligns with the expectation of significant growth approaching 2025.
The weekly chart supports this view, showing that BTC is forming its third base between Q2 and Q3 of 2024. This base is crucial for driving Bitcoin higher and could potentially push it past its all-time high (ATH) of $108,384. The sustained rebound could potentially push Bitcoin to over $120,000 in the coming months.
However, risks still exist. If STHs choose to sell their positions, Bitcoin could fall back to support at $89,586. Losing this level could invalidate the current bullish trend and lead to further decline to $72,569. Short-term market conditions will play a crucial role in determining the direction of Bitcoin.