Bitcoin's down trend from yesterday is likely a minor correction, considering its overall upward momentum. As of today, Bitcoin's price is around $101,676, which is a -2.78% drop from the previous day ¹. However, it's essential to look at the bigger picture. Bitcoin's price has been increasing over the past year, with a significant surge in recent months.
*Short-Term Forecast*
For the short term, Bitcoin's price is expected to fluctuate between $99,449 and $103,491, with these levels serving as key support and resistance levels ¹. The first major resistance level for BTC is at $103,491, and if it closes above this level, it may continue to move higher.
*Long-Term Forecast*
Looking ahead to 2025, Bitcoin's price is predicted to reach $221,485, representing a 117.83% increase from its current price ¹. By 2030, the forecasted price is $369,701, which is 3.64 times its current price.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These predictions are based on historical trends and market analysis, but it's essential to do your own research and consider multiple sources before making any investment decisions.
