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Cryptocurrency News Articles
Bitcoin (BTC) Price Prediction – Crypto Analysts are Discussing a Spectacular Bitcoin Rally Starting in January 2025
Jan 01, 2025 at 03:05 am
This would be fueled by economic factors as well as massive liquidity flows. All details in the following paragraphs!
Bitcoin is expected to begin a spectacular rally in January 2025, driven by both economic factors and massive liquidity flows, according to crypto analysts. Here are the key details:
Binance’s stablecoin reserves may be fueling Bitcoin rally
Data shows that Binance's stablecoin reserves reached nearly $45 billion at the end of December. These funds are often used to purchase digital assets such as Bitcoin, indicating a potential for massive buying.
According to CryptoQuant, the increase in Binance's stablecoin reserves often coincides with significant price hikes in BTC, as observed on December 11, 2024. On that day, the BTC price increased by 4.7% in one day.
Stablecoins act as a bridge between fiat currency and cryptocurrencies, and their influx into exchanges signals an increase in buying pressure. This is a key factor in supporting a rally towards $120,000.
However, BTC will need to break through major resistances around $95,000 and $96,400 before continuing its ascent towards the six figures.
Bitcoin at $120,000 : What are the economic and political catalysts ?
The inauguration of American President Donald Trump, scheduled for January 20, 2025, could play a crucial role in the next Bitcoin rally. This event indeed fuels a renewed optimism in the markets.
Furthermore, there is the January effect, which often signifies increased investments in the markets after the holidays. This could also contribute to the buying pressure behind Bitcoin.
Finally, an analysis by Biget Research anticipates a local peak beyond $120,000, followed by a correction due to profit-taking. According to Ryan Lee, an analyst at the firm, investors should be monitoring:
Bitcoin thus seems to be on the brink of a decisive period, where investors’ optimism intertwines with market realities. The future will tell us whether the forecasts of crypto experts are correct or not.
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I am Ariela, 31 years old and have been working in web редакция for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more about it. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!).
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