Bitcoin's current price is around $118,073.04, with a 1.17% increase in the last 24 hours. Here's what analysts predict:$BTC
- *Short-term predictions:*
- Tomorrow: $118,652
- Next week: $119,389, representing a 0.21% increase from the current price
- Next month: potentially reaching $119,112.81 to $124,769.52
- *Long-term predictions:*
- 2025: $221,485 (maximum), $180,722 (minimum)
*Key Factors Influencing Bitcoin's Price:*
- *Market sentiment*: Currently bullish, with 12 technical indicators signaling "buy" and 2 signaling "sell"
- *Resistance levels*: $120,899 (first major resistance), $120,000 (psychological level)
- *Support levels*: $114,790 (bottom support)
- *Global money supply growth*: Potential driver for Bitcoin's price surge in 2025
- *ETF adoption*: Increased institutional investment and exposure to Bitcoin
- *Retail inflows*: Growing interest and investment from individual investors
*Analyst Insights:*
- Bitcoin could challenge the $120,000 to $123,218 resistance zone, but crossing it may be challenging for bulls
- Market odds imply less than a 3% chance of Bitcoin reaching $200,000 by December 2025
- Trump's executive order allowing crypto in 401(k) plans has boosted market optimism ¹ ² ³