Bitcoin Could Test Its All-Time High
Several analysts are optimistic about Bitcoin’s potential to reach an all-time high (ATH) of $108,000 by January 2025. They cite positive market sentiment and Bitcoin purchases by companies like MicroStrategy as driving factors[__LINK_ICON].
The Challenge of Maintaining Momentum
Although Bitcoin has gained more than 114% throughout 2024, maintaining momentum above the psychological level of $100,000 will be a challenge in early 2025[__LINK_ICON].
Volatility Remains a Key Factor
Bitcoin price analysis in early January 2025 shows positive movement after a long period of consolidation. However, volatility is still a major factor to watch. News and data from the global economy, especially the United States, will be key in determining the direction of the Bitcoin market[__LINK_ICON].
Global Economic Policy Changes Could Affect Bitcoin Price
A recent report from 10x Research predicts that Bitcoin price will have a positive start in January. However, a more hawkish or contractionary policy change could worsen market sentiment towards risky assets, including crypto. This has the potential to reduce the opportunity for Bitcoin price appreciation[__LINK_ICON].
Conclusion
Bitcoin price in early 2025 is predicted to experience significant fluctuations. Market sentiment, global economic policies, and Bitcoin purchases by large companies will be the main factors determining the direction of the price. Although the potential for ATH is still open, volatility and the challenge of maintaining momentum remain factors that need to be considered.