When will Bitcoin rebound?
Bitcoin's price has recently experienced a decline, dropping below $95,000 and reaching lows around $90,000.
Analysts remain optimistic about Bitcoin's long-term prospects, with some predicting significant price increases by 2025.
For instance, Standard Chartered Bank forecasts Bitcoin reaching $200,000 by the end of 2025, while other experts project values ranging from $150,000 to $250,000.
Factors contributing to these positive outlooks include anticipated pro-crypto policies under the Trump administration, increased institutional adoption, and the potential establishment of a U.S. Bitcoin strategic reserve.
In the short term, technical indicators suggest that Bitcoin may be poised for a rebound.The Market Value to Realized Value (MVRV) ratio, which assesses whether Bitcoin is overvalued or undervalued, indicates potential for a price recovery.
Additionally, rising taker buy volumes suggest increased buying interest, further supporting the possibility of a rebound.
However, it's important to note that Bitcoin's price is influenced by various factors, including economic data, investor sentiment, and regulatory developments.Recent stronger-than-expected economic data has led to increased Treasury yields, impacting Bitcoin's price.
Investors should exercise caution and consider the inherent volatility of the cryptocurrency market when making investment decisions.
