"The price of Bitcoin could reach $125,000 to $150,000 by September 2025"
The market capitalization of cryptocurrency has risen above 3 trillion dollars, demonstrating the increasing strength within the space. Although the volume remains constrained within a certain range, the rise in market capitalization indicates a significant increase in bullish strength as the price of Bitcoin rises to $97,000. Despite this rise, the token is expected to maintain a strong upward trend and ultimately reclaim $100,000 in a short period from now. The price of BTC has consolidated for over a week and sparked a breakout above the range with capital inflow and bullish sentiment revolving around $100,000. On-chain data shows whales accumulating and long-term holders while exchange reserves continue to decline. This has generated supply pressure that pushed the price above the consolidated range. However, the price is required to rise above the 'broken broken slope' that could pave the way for a new ATH as suggested by veteran crypto trader Peter Brandt. Peter Brandt shared a historical chart of Bitcoin where the price of BTC follows an exponential curve in 2021 and forms a new ATH. Currently, the price has fallen below the curve, and a rise in the curve could trigger a strong bull. The price is expected to reach $125,000 to $150,000 by August-September 2025, but analysts warn of a 50% correction or more after marking a new ATH. Here could be the reason for the analyst's expectations of a massive decline. Open interest plays a key role in determining investor sentiment. An increase in open interest indicates that longs are pushing out shorts, suggesting that longs have become dominant compared to the shorts. Unfortunately, open interest still remains negative even as the price approaches $100,000. Data from CoinanAnalze shows that the Bitcoin funding rate has turned negative, while the average expected funding rate is also negative. This indicates that shorts remain dominant over longs, creating bearish pressure on the BTC price pool. However, the analyst believes that only the destruction of the US dollar could prevent the massive correction. Therefore, it will be interesting to watch the next price action of Bitcoin (BTC).
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