As of February 24, 2025, Bitcoin (BTC) is trading at approximately $94,736, reflecting a slight decrease of 0.83% from the previous close.

Recent market dynamics have been influenced by a significant $1.5 billion hack on Bybit's Ethereum wallet, contributing to a downturn in cryptocurrency prices. This event has heightened concerns about security within the crypto space, leading to increased market volatility.

Analysts have observed that Bitcoin has been consolidating between $94,000 and $100,000 for over two weeks, suggesting a potential for a significant move in the near future.

Looking ahead, various forecasts present a range of potential scenarios for Bitcoin's price:

Changelly predicts that Bitcoin's price could increase by 8.84%, reaching approximately $105,383 by February 23, 2025.

CoinCodex offers a more optimistic projection, estimating a 33.74% rise to about $131,693 by March 23, 2025.

LongForecast anticipates a modest increase, with Bitcoin's price reaching around $98,787 by the end of March 2025.

It's important to note that these projections are based on current market conditions and historical data. The cryptocurrency market is inherently volatile, and unforeseen events can significantly impact prices. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.

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