The Bitcoin price is currently in a sideways phase but is preparing to enter a strong bullish wave, as the important resistance level on the daily chart is putting pressure on the market.
Bitcoin may trade in the range of $87,000 to $99,000 in the coming months, with the possibility of peaking around $138,000 if buying pressure improves. The bullish cycle could last until 2026.
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Bitcoin is accumulating below a strong resistance level, creating pressure while waiting for the next breakout.
On-chain data indicates that the price range of $87,000 - $99,000 is a viable trading range in the short term.
The Bitcoin bull cycle could end with a peak of around $190,000 in 2026, based on market history and new fundamental momentum.
How is the current Bitcoin price moving?
Analysts state that Bitcoin is currently moving in a sideways range just below an important resistance line on the daily chart, creating a stagnation in the market. This situation indicates that investors are cautious, waiting for clear signals to guide their next trading decisions.
Mr. Ted Pillows, a cryptocurrency analyst, noted that in 2020, a massive government spending package helped Bitcoin set record highs. In 2025, a similar and larger spending bill is expected to have a similar effect, leading many investors to place their faith in a new price surge.
What will the Bitcoin price trend be in the next 2-3 months?
Julio Moreno - Head of Research at CryptoQuant - assesses that Bitcoin will continue to fluctuate in the range of $87,000 to $99,000 if current market conditions do not change. This forecast is based on on-chain data reflecting the average price at which traders buy in, known as the realized price.
"In a bull cycle, Bitcoin typically retraces to the realized price range before continuing to recover and grow stronger."
Julio Moreno, Head of Research at CryptoQuant, 2024
The strong resistance level above is being identified as $138,000, where Bitcoin may face difficulties if buying pressure does not increase.
What is the current demand and impact on Bitcoin price action?
According to Moreno, Bitcoin demand is slightly weakening. Without a surge in buying activity in the coming weeks, it is likely that the price will drop to around $99,000 before potentially creating a breakout surge.
"A rise to $138,000 will only occur when Bitcoin demand is truly strong again, signaling renewed market appeal."
Julio Moreno, Head of Research at CryptoQuant, 2024
Reassessing demand levels is a key factor determining Bitcoin's next price direction in the short term.
How long could the Bitcoin bull cycle last and what is the potential peak?
Moreno predicts that the current Bitcoin bull cycle could last until 2026 and may peak near $190,000. History shows that during bull years, Bitcoin often tends to perform strongest in the last quarter.
This opens up the possibility of a major breakout at the end of 2025, helping BTC establish new highs according to the long-term market cycle.
Are there any real-world examples or notable data supporting this assessment?
The massive spending package of 2020 by the U.S. government is linked to Bitcoin's record price surge that same year. Currently, the 2025 spending bill is expected to be much larger, setting the stage for similar expectations of a price surge.
Additionally, on-chain data at CryptoQuant is continuously updated, demonstrating the 'realized price' area as a balance point and important technical support for BTC.
Frequently Asked Questions
How much could Bitcoin reach by the end of 2025? - With increased demand, the level of $138,000 is feasible in the short term.
What will be the peak of the current Bitcoin cycle? - Experts estimate it could reach around $190,000 in 2026.
What is the current Bitcoin price based on what data for forecasting? - On-chain data shows the average price level at which traders buy in, known as the realized price.
How is Bitcoin demand currently affecting the price? - Weak demand could push the price down to around $99,000 if it does not rebound.
How does government spending policy affect Bitcoin? - Previous massive spending packages have contributed to Bitcoin reaching new highs.
Source: https://tintucbitcoin.com/bitcoin-co-the-len-99-000-usd-cuoi-nam/
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