According to the latest market analysis and forecasts, Bitcoin's trend on February 4, 2025 may be### Short-term trend

1. **Price volatility is large**: According to Zhitong Finance, Bitcoin's price fluctuated greatly on January 2, 2025, hitting $94,000 in the morning and then rebounding to above $97,600. This shows that market sentiment is relatively volatile and prices may fluctuate greatly in the short term.

2. **Bearish risk**: Technical strategist Katie Stockton pointed out that from technical indicators such as daily moving average convergence/divergence and 20-day moving average, Bitcoin's short-term momentum is currently negative, supporting a short-term bearish tendency. This means that in the coming weeks, Bitcoin may see a sell-off that lasts for several weeks, and may fall to a support level of around $84,500.

### Long-term trend

1. **Institutional expectations are optimistic**: Several institutions and analysts are optimistic about Bitcoin's long-term prospects. For example, James Butterfill, head of research at Coinshares, expects Bitcoin's price to be in the range of $80,000 to $150,000 in 2025. Alex Thorn, head of research at Galaxy Digital, expects Bitcoin to break through $150,000 in the first half of this year and reach $185,000 in the fourth quarter.

2. **Positive Monthly Indicators**: Despite the potential for short-term weakness, both the monthly stochastic and MACD indicators continue to support a bullish long-term outlook heading into the new year.

### Other Forecasts

1. **Standard Chartered Bank Forecast**: Standard Chartered Bank predicts that Bitcoin prices are expected to reach $200,000 by the end of 2025. This forecast is based on factors such as the possibility of the repeal of SAB-121 regulations.

2. **Technological breakthroughs and increased demand**: Bitcoin's value is expected to rise in 2026, possibly due to geopolitical instability and deglobalization, which will make Bitcoin a reliable capital storage tool.

3. **Parabolic curve pattern**: Bitcoin prices are forming a parabolic curve pattern, a structure that historically has generally led to big gains. The current key support level is $92,324. #加密市场回调