- Bitcoin could reach $ 120,000 in the second quarter of 2025, and by the end of this year, it could exceed the level of $ 200,000.
- BTC has opened a place for new gains and could once again attend an excessive situation.
Bitcoin experienced a slight drop of 0.15% on April 30 and is negotiated at $ 95,120. Before reaching this level, he exchanged an intra -day summit of $ 95,485. Over the past seven days, it has increased by 1.64% and 16.05% for last month.
The market capitalization amounts to $ 1.88 billion, and the daily negotiation volume was 13.92% down in the last 24 hours and oscillated at $ 24.88 billion. The token marked a liquidation $ 40.31 million.
However, the market is still optimistic and around 82% of traders expect short -term gains. The feeling has never been optimistic over the past 30 days. TradingView Technicals (1 day) also suggests a solid situation of purchase with neutral oscillators and solids of moving.
While short -term measures such as the exponential mobile average (EMA10) amounted to $ 92,922. Likewise, EMA 50,100 and 200 amount to $ 88,111, $ 88,517 and $ 88,517, respectively. If the Haussier movement continues, BTC could test its first resistance (1 month) at $ 106,769, followed by its second resistance at $ 123,256.
BTC to deal with an excessive situation?
However, if the tables are turned and the downward dynamics continue, the first level of support for the same duration is $ 53,397, followed by its second level of support at $ 36,910. The relative force index on the daily graphic is 66 years old, and with that, it has opened a place for new gains and could once again attend an excessive situation.
According to the analysis of Geoff Kendrick of Standard Chartered, BTC could reach $ 120,000 in the second quarter of 2025 and by the end of this year, it could exceed the level of $ 200,000. He also added that the duration of the American treasury, which is often correlated with the price of the BTC, is at a top of 12 years.
Apart from that, we also attended a strong accumulation by whales, and the time analysis of Bitcoin day indicates that investors in the United States can seek non-American assets, he added.
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