Bitcoin's next possible move is looking promising, with some predictions suggesting a potential surge. Here's what's brewing:
*Short-Term Predictions:*
- *May 14, 2025*: Bitcoin might reach $103,086, representing a 0.39% increase
- *May 15, 2025*: Bitcoin could hit $107,946, marking a 5.12% growth
- *May 18, 2025*: Bitcoin might surge to $126,301, reflecting a 22.99% increase
*Long-Term Outlook:*
- *June 2025*: Bitcoin is forecasted to trade between $107,637 and $115,619, with an average price of $111,751
- *August 2025*: Bitcoin could reach $170,776, building on July's market momentum, with a potential gain of 75.65%
*Market Sentiment:*
- The current sentiment is bullish, with a Fear & Greed Index showing 70 (Greed)
- Bitcoin has recorded 18 green days out of the last 30, with a 6.71% price volatility
*Key Factors to Watch:*
- *SEC Chair's Stance*: SEC Chair Paul Atkins reaffirms crypto as a top priority under his administration
- *Bitcoin ETFs*: Bitcoin ETFs have netted $867 million, with Strategy scooping up additional $1.3 billion worth of BTC
- *Market Trends*: Risk-on sentiment prevails, driven by positive news like the US-China trade deal ¹ ²