#bitcoin How far can Bitcoin go before crashing? A key analysis for the debate
Bitcoin, known for its high volatility, has shown interesting movements in the market recently. After reaching an intraday high of $107,245, its current price hovers around $105,947, with an increase of 4.14%.
However, external events, such as the recent inauguration of President Donald Trump, have had a significant impact on the market. Although it was expected that his policies would benefit crypto assets, the lack of specific mentions in his inaugural speech led to corrections in assets like Bitcoin, Ethereum, and Solana.
From a technical perspective, Bitcoin faces key levels. Critical support is at $92,000; a drop below could trigger massive sell-offs. On the other hand, surpassing $106,000 would pave the way towards $120,000.
In the long term, projections vary. Analysts like H.C. Wainwright & Co. forecast prices of up to $225,000 by the end of 2025, while Willy Woo estimates it will reach $125,000 driven by institutional adoption and growing demand for ETFs.
Nevertheless, the market continues to be influenced by external factors, such as political and economic decisions. For example, U.S. Treasury bond yields have negatively impacted Bitcoin recently.
I invite readers to debate:
How determinative are government policies in the behavior of the crypto market?
Are price projections reliable in such a volatile environment?
How do macroeconomic factors affect Bitcoin's performance?
The future of Bitcoin is filled with uncertainty, but also with opportunities for those who can interpret market signals.
