As of January 12, 2025, Bitcoin (BTC) is trading at $94,571, showing a slight recovery after testing key support at $93,984 in the last 24 hours. Despite a recent surge above $100,000 at the beginning of January, the price of BTC has pulled back due to rising yields on U.S. Treasury bonds, making traditional assets more attractive to investors.
The high and low for the last 24 hours are $95,050 and $93,984, respectively, and trading volume reached 6,338.59 BTC. Analysts emphasize the importance of monitoring support levels at $92,000 and $87,000, as breaking through these could signal further declines.
Despite short-term fluctuations, long-term forecasts remain optimistic. Bitcoin is expected to reach $150,000–$225,000 by the end of 2025 due to increasing institutional demand, the launch of Bitcoin ETFs, and anticipated regulatory changes under the new Trump administration.
Investors should be cautious and consider both macroeconomic factors and technical signals when evaluating the future dynamics of BTC.