Bitcoin (BTC) is set to reach significant price milestones in 2025, supported by optimistic forecasts from Matrixport, Willy Woo, and other institutions.
With support from ETFs and a positive market sentiment, bitcoin is a speculative asset and a promising option for long-term investments. However, if the profitable supply exceeds 90%, the market should remain cautious about possible corrections.
Numerous Positive Indicators On The Chain
The bitcoin market is showing encouraging signs as the supply on centralized exchanges (CEX) has dropped to a 7-year low. According to CryptoQuant, only about 2.492 million bitcoins remain on exchanges. This is a sharp decrease from the 2.488 million bitcoins recorded last Friday. Furthermore, CryptoQuant reports that the percentage of profitable bitcoin supply has exceeded 85%, which is historically high. However, they warn that if this figure exceeds 90%, the market could enter a phase of 'historical euphoria' and face a correction. This suggests that while current metrics are favorable, caution is needed to avoid potential volatility.
In the last seven days, Coinglass data recorded approximately 56,164.88 bitcoins withdrawn from CEX platforms. This indicates that investors are accumulating and reducing selling pressure, which is often considered a bullish signal. A decrease in supply on exchanges reduces selling pressure, paving the way for price growth. Additionally, new capital inflow into the market is increasing. According to the CoinShares report, $3.2 billion flowed into bitcoin funds in the last week of April 2025. These factors boost confidence that bitcoin may soon reach significant price targets.
Optimistic forecasts from experts regarding bitcoin
Against the backdrop of an overall optimistic market forecast, numerous experts and organizations have expressed positive expectations regarding the price of BTC. Matrixport, a leading crypto services platform, asserts that the upward momentum of bitcoin is gaining strength.
In its latest analysis, Matrixport noted that bitcoin is approaching a resistance level of $106,000, with a high likelihood of breaking through this level soon. Previously, Matrixport predicted that new capital inflows into the market would push bitcoin above the $100,000 mark.
This analysis is further supported by thin, yet significant accumulation of whales, extreme greedy sentiment, and high optimism that has brought BTC close to the $100,000 mark.
Willy Woo, a well-known analyst in the crypto industry, also shared an optimistic view on X. He believes that the fundamental indicators for bitcoin have shifted to a bullish state, and the market is likely to either move sideways or slowly rise in the near term.
'Fundamental indicators for BTC have turned bullish, not a bad scenario for breaking historical highs,' he noted.
Woo emphasized that the pattern of 'bullish ascending triangle', which he previously mentioned, is forming, signaling a potential strong upward move if bitcoin breaks the resistance level.
Additionally, a Coinness report showed that 45.4% of South Korean investors believe that bitcoin will outperform gold in the next six months. This reflects strong confidence from a key Asian market.
Moreover, as reported by BeInCrypto, ARK Invest predicts that the price of bitcoin could reach $2.4 million by 2030, driven by the growth of bitcoin ETFs and increasing adoption by financial institutions. These long-term predictions further reinforce the belief that bitcoin's potential far exceeds the $100,000 mark, with substantial growth prospects in the future.#Write2Earn #BinanceSquare #Squar2earn #Binance #bitcoin $BTC