Bitcoin (BTC) Primed to Make New ATH In Q1 2025 as Accumulation Zone Re-Entered: Analysts

Bitcoin (BTC) continues to trade in a tight-range between $92,000 to $97,000 in the new year. However, crypto analysts are confident that the leading cryptocurrency is on the verge of a “massive breakout” to the upside.

Bitcoin (BTC) price has been trading within a narrow range between $92,000 and $97,000 in the new year. However, crypto analysts are optimistic that the leading cryptocurrency is on the brink of a “massive breakout” to the upside.

Bitcoin To Hit New ATH In Q1 2025?

2024 was a pivotal year for the flagship cryptocurrency, as BTC went on to set multiple new all-time highs (ATH) following Republican pro-crypto presidential candidate Donald Trump's win in the November election.

Other major factors that contributed to Bitcoin reaching new highs include BTC halving in April, the approval of spot Bitcoin exchange-traded funds (ETF) in the US, and increasing corporate adoption of the digital asset. While BTC is currently trading around 10% below its last ATH of $108,135, analysts believe that the digital asset is set to reach a new ATH in Q1 2025.

For instance, veteran investor Jason A. Williams observed that BTC has re-entered the accumulation zone after its last impulsive move, which saw it break past the previous ATH in the low $70,000 range to above $100,000. According to Williams:

In my opinion, a few weeks of consolidation could set the stage for a massive breakout. $131.5K+ by Q1 2025 feels inevitable. See you there.

Similar sentiments were shared by crypto trader Daan Crypto Trades, who posted the following BTC Rainbow Chart. Despite BTC's strong performance during this cycle, the chart indicates that BTC's price has yet to enter any of the “warmer” colors. The analyst added that 2025, being a post-halving year, is expected to see “the most action” in terms of BTC price movement.

The analyst noted that recent BTC price action suggests $95,800 as a key resistance level. A breakout above or below this level could offer further insight into BTC's price trajectory over the next few weeks.

Another crypto trader, Jelle, highlighted similarities between BTC's price action in 2023-2024 and 2024-2025. Jelle shared a chart fractal that broke out to the upside in 2023-2024, suggesting that a similar trajectory could take BTC as high as $143,000.

Crypto Traders Advised To Be Cautiously Optimistic

While the above predictions present a bullish outlook for BTC in Q1 2025, some analysts are also urging caution. For example, analyst Ali Martinez shared that if BTC loses the $88,000 price level, it may drop all the way down to $71,000.

Martinez also noted that the number of wallets holding more than one Bitcoin has decreased by 18,530 in the last two months, indicating substantial profit-taking during the current bullish momentum. At press time, BTC trades at $97,538, up 4.1% in the last 24 hours.