empty
24.02.2025 12:12 PM
Bitcoin takes its time: new records still ahead?

This image is no longer relevant

According to analysts, Bitcoin is currently in a relatively stable state but is in no hurry to reach new highs. This has caused concern among market participants, though some experts see no reason for alarm.

In previous growth cycles, major news events and market anticipation played a key role in BTC rise. In 2023–2024, the launch of spot Bitcoin ETFs and the upcoming halving fueled optimism among traders and investors. Experts at Crypto Summit said that Bitcoin needed a trigger for a new bull rally.

At the moment, however, there are no major events that could spark a rapid surge. As a result, the market remains cautious, trading within a wide range while waiting for the next significant catalyst. Experts predict that in the first half of 2025, BTC is likely to continue fluctuating between $90,000 and $110,000, with a new all-time high not expected before the second half of the year.

On January 20, BTC hit its first peak of the year at $109,114. However, it is currently experiencing some challenges. On February 24, it opened with a decline, trading around $95,360. Over the past 24 hours, BTC reached a low of $95,270 and a high of $96,594.

Last week, BTC had reason to celebrate a milestone. On February 19, 2021, BTC's market capitalization surpassed $1 trillion for the first time. Since then, it has nearly doubled, now standing at $1.9 trillion. However, these past achievements have had little effect on Bitcoin's current performance, as the leading digital asset remains below $100,000.

Late on Wednesday, February 19, Bitcoin continued trading sideways. A balance between bullish and bearish pressure has been keeping it in a tight range since early February 2025. Over the past two weeks, BTC has been hovering below $100,000. Technical and on-chain data suggests that it may stay below this key level for a while.

The BTC technical chart indicates a strengthening bearish scenario. The relative strength index (RSI) also signals downward pressure. Currently, the RSI is at 44.29, below the neutral 50-point mark.

An RSI reading of 44.29 suggests that selling pressure is stronger than buying interest but has not yet reached oversold territory (30 points). This leaves room for a deeper decline or potential consolidation before a trend reversal.

BTC at crossroads: drop to $90,000 or break above $100,000?

Bitcoin is now trading slightly below the $99,805 resistance level. If selling pressure increases, BTC risks breaking out of its narrow range to the downside, potentially falling below $90,000 and touching $89,434.

On the other hand, renewed bullish momentum could reverse the bearish trend. In that case, BTC may break through $99,805 and surpass the barrier of $100,000. If the currency gains momentum from this level, it could reach its all-time high of $109,350.

However, for a breakout to happen, Bitcoin needs a strong catalyst, which is currently lacking. Many traders agree that the cryptocurrency needs a major event or a high-profile development to attract investors again.

US monetary policy is one more key factor for BTC. Analysts believe that a Federal Reserve rate cut would increase the appeal of risk assets, including cryptocurrencies. Experts at TEHNOBIT note that a moderate BTC rally could follow an interest rate cut by the Fed but believe this is unlikely before the regulator's June meeting.

This image is no longer relevant

Experts have differing opinions on the timing of the Fed's next moves. Some expect a significant rate cut by the end of 2025, while others anticipate the first changes by summer. If monetary easing coincides with major institutional deals or government initiatives, Bitcoin's growth could accelerate.

Analysts also highlight the connection between the tech sector and the crypto market. Any major developments—especially in artificial intelligence—could boost the entire industry. TEHNOBIT emphasizes that if investors identify a rapidly growing niche in AI, the entire sector will gain momentum, and cryptocurrencies will follow.

Preliminary forecasts suggest that BTC will remain in a broad trading range until mid-2025 without setting new all-time highs. However, market participants are waiting for potential catalysts: major crypto industry news, Fed policy shifts, and technological breakthroughs. If all these factors align, BTC could reach a new record high in the second half of 2025.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Arus Silang Hari Ini: Nikkei Meningkat, Euro Menurun, Pasaran Global Bersiap Sedia untuk Rundingan Amerika Syarikat-China

J.M. Smucker merosot selepas unjuran pesimis Bank Dunia menurunkan unjuran pertumbuhan global bagi 2025 Nikkei meningkat, niaga hadapan Wall Street dan euro menurun Dolar hampir tidak berubah, bon menanti data

Thomas Frank 07:48 2025-06-11 UTC+2

Ringkasan Berita Pasaran Amerika Syarikat untuk 10 Jun

Indeks S&P 500 dan Nasdaq 100 mencatatkan kenaikan yang ketara, didorong oleh jangkaan positif menjelang rundingan perdagangan Amerika Syarikat-China yang akan datang. Para pelabur bertaruh pada kemungkinan pengurangan tarif, yang

Ekaterina Kiseleva 12:52 2025-06-10 UTC+2

Robinhood Jatuh Dari S&P 500 — Kesan Domino Menimpa Pasaran Keseluruhan

Robinhood Jatuh Setelah Platform Dibuang Dari S&P 500 Warner Bros. Saham Jatuh Setelah Syarikat Mengatakan Rancangan Untuk Mengasingkan Perniagaan Saham Eropah Jatuh Berikutan Penurunan UBS, Perbincangan Perdagangan AS-Cina Menunggu McDonald's

Thomas Frank 12:49 2025-06-10 UTC+2

Kadar Faedah Meningkat Sambil Pasaran Menantikan Data CPI, Pertelingkahan Trump–Musk, dan Qualcomm Mengambil Alih Alphawave

Laporan CPI bagi bulan Mei dijadualkan pada hari Rabu Rang undang-undang belanjawan menjadi tumpuan di tengah pertelingkahan antara Trump dan Musk Saham Alphawave melonjak susulan rancangan pengambilalihan oleh Qualcomm Saham

Thomas Frank 11:49 2025-06-09 UTC+2

Pertembungan Gergasi: Musk lawan Trump ketika Pelabur Mengira Kerugian

Dow -0.25%, S&P 500 -0.53%, Nasdaq -0.83% Tesla Jatuh ketika Perselisihan Terbuka Trump-Musk Semakin Memuncak Tuntutan Pengangguran Awal Meningkat untuk Minggu Kedua Berturut-turut Saham Adidas, Puma Jatuh Selepas Lululemon Memotong

Thomas Frank 11:45 2025-06-06 UTC+2

Indeks AS Mendatar, Asia Meningkat: Apakah yang Sedang Berlaku dalam Pasaran Global?

Dow -0.22%, S&P 500 mendatar, Nasdaq +0.32% Sektor perkhidmatan menguncup pada bulan Mei buat kali pertama dalam tempoh hampir setahun Saham CrowdStrike merosot akibat unjuran pendapatan suku tahunan yang pesimis

Thomas Frank 10:19 2025-06-05 UTC+2

Bitcoin dalam dilema: meneruskan aliran menaik atau memasuki fasa pengukuhan?

Mata wang kripto pertama, Bitcoin, menghadapi tekanan yang ketara, berayun antara penarikan semula dari puncak sebelumnya dan lonjakan ke arah puncak baharu. Namun begitu, aset utama ini enggan menyerah kalah

Larisa Kolesnikova 14:51 2025-06-04 UTC+2

Ringkasan Berita Pasaran Amerika Syarikat untuk 4 Jun

Pelabur Kekal Optimis Walaupun Risiko Semakin Meningkat Di tengah-tengah pertikaian perdagangan yang berterusan dan kebimbangan fiskal yang semakin memuncak, pelabur AS terus berpegang pada strategi "beli ketika harga jatuh". Setelah

Ekaterina Kiseleva 12:42 2025-06-04 UTC+2

Optimisme dalam Pasaran: Saham Dollar General, Pinterest, dan Wells Fargo Meningkat, Mendorong Indeks Naik

Dow Naik 0.51%, S&P 500 Naik 0.54%, Nasdaq Naik 0.81% Dollar General Meningkat Selepas Sasaran Jualan Tahun ke Tahun Pinterest Meningkat Selepas Saham JPMorgan Naik Saham Wells Fargo Berdagang Lebih

Thomas Frank 10:34 2025-06-04 UTC+2

Pertumbuhan di Tengah Kebimbangan: Pasaran Melonjak, tetapi Sektor Pembuatan dan Tesla Terhenti

Indeks Pasaran: Dow Jones mendatar, S&P 500 naik 0.4%, Nasdaq meningkat 0.7% Pelabur terus menaruh harapan terhadap rundingan perdagangan walaupun terdapat ancaman tarif keluli daripada Trump. Tesla susut selepas melaporkan

Thomas Frank 11:41 2025-06-03 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.