#BTCReserveStrategy #ProjectCrypto
Bitcoin (BTC) is currently in a bullish phase, trading above key moving averages. The price is consolidating below the $120,000 resistance level.
Key Support & Resistance Levels:
Support: The key support zone is identified between $117,000 and $118,000.
Resistance: The primary resistance is at the $120,000 mark. A breakout above this could signal a rally.
Price Predictions:
Short-Term: If the price holds above the support zone, a surge of 6%–8% is anticipated, with targets between $125,000 and $128,000 by the end of August 2025.
Long-Term: Projections for the end of 2025 range from $125,000 to as high as $150,000, driven by institutional adoption and the recent halving event. Some more bullish forecasts see BTC reaching $200,000 by 2025 and over $1 million by 2035.
It is important to remember that the crypto market is highly volatile and these predictions are subject to change based on macroeconomic factors, regulatory news, and market sentiment. Always conduct your own research before making any investment decisions.
DYOR always