Hello, Binance Square friends!
Bitcoin is currently in the spotlight as its price has crossed $102,878 (as of May 10, 2025). The big question is: can Bitcoin stay above $100k until the end of 2025? Let's break it down casually while looking at expert predictions and signals from the chart!
Price Status and Expert Predictions
Currently, Bitcoin is at $102,878, comfortably above $100k. Analysts from Changelly, CoinCodex, and InvestingHaven are optimistic that Bitcoin will remain above $100k until the end of 2025. Some even predict it could touch $200k! However, others say the price could drop to $77k if the market turns bearish. Overall, the trend is bullish, but caution is still advised.
What Does the Chart Say?
Let's take a look at the chart, like reading a treasure map! Here are the key indicators:
Moving Averages (MA): The 50-day and 200-day MAs are rising, indicating a long-term bullish trend. However, on the daily chart, the 50-day MA is slightly declining, which could be a signal for a small correction.
Relative Strength Index (RSI): RSI is in the neutral zone (30-70), meaning the price is not yet overbought and still has room to rise.
Support & Resistance: $100k is a strong psychological support level, while $110k-$120k is the next resistance. If it breaks through, it could soar!
Even with the potential for short-term corrections, the overall trend remains positive, especially with an all-time high of $108,786.
Supporting Factors and Risks
What makes Bitcoin able to stay above $100k?
Institutional Investment: Many large companies and ETFs are entering Bitcoin, driving prices up (Benzinga).
Bitcoin Halving: The 2024 halving will reduce the supply of new coins, usually causing prices to rise (Swan Bitcoin).
Macroeconomics: If the global economy is stable, investors tend to favor risky assets like Bitcoin.
But, the crypto market is wild! Risks to watch out for:
Market Correction: Bearish predictions suggest that prices could fall to $77k.
Volatility: CoinCodex notes a 30-day volatility of 6.60%, so prices can fluctuate significantly.
Regulation: Strict government regulations can cause prices to drop.
What Does It Mean for Investors? If you already hold Bitcoin, this is good news! The bullish trend and expert predictions suggest that Bitcoin is likely to stay above $100k, possibly reaching $150k-$200k. Want to buy? CoinCodex says now is a good time, with a potential ROI of 81.15% by August 2025.
Happy trading, may you profit!
