Steno Research: Bitcoin (BTC) Predicted to Drop to $85,000 Amid Spike in Inflation
News – Bitcoin $BTC 0.17%-> faces severe pressure in early 2025 with the potential for further declines due to rising inflation in the United States.
In Steno Research's latest report, the price of Bitcoin is predicted to drop to IDR 1.38 billion ($85,000) per coin, reflecting macroeconomic conditions that are not conducive to risky assets such as cryptocurrencies.
Check out Steno Research's full analysis in the following article!
Bitcoin Pressured by Inflation and Macroeconomic Environment
Since mid-December 2024, the spot price of Bitcoin has fallen by about 10%, from Rp1.73 billion ($106,000) to Rp1.57 billion ($96,000) on January 14, 2025. This decline, according to Steno Research, was triggered by market revaluation due to rising inflation.
