Bitcoin surged to above $107,000, and a forecast suggests it could reach as high as $200,000 in 2025. Meanwhile, Ethereum has recently broken above the key threshold of $4,000.
As 2025 approaches, optimism builds regarding new all-time highs (ATHs) for Bitcoin and Ethereum, with the global crypto market cap nearing $3.2 trillion and investor sentiment leaning toward greed. But can these two crypto giants maintain their momentum and break through their previous ATHs?
After a recent slide from above $107,000, Bitcoin surged back up on Monday, trading between $92,296 and $97,956. However, over the last week, the cryptocurrency experienced a slight dip of 4.51%. Despite this, Bitcoin is still up 3.21% over the last month and 48.47% over the last six months.
With the nearest support at $90,411 and resistance at $111,730, and the 10-day Simple Moving Average (SMA) at $97,026 (below the 100-day SMA of $103,317), recent momentum seems to be favoring the bears. However, the long-term trend remains positive.
Meanwhile, a recent analysis by Coinpedia suggests that Bitcoin could reach as high as $200,000 in 2025. This forecast is based on several factors, including the increasing adoption of cryptocurrency by institutional investors and the potential for a bull run in 2025, driven by the halving of Bitcoin rewards.
On the other hand, Ethereum has recently broken above the key threshold of $4,000, currently trading between $3648 and $4137. Over the last month, the cryptocurrency has seen a rise of about 5%.
The nearest resistance level is at $4318, and if this is surpassed, the next target could be $4807, which would represent a potential increase of around 15%. The Relative Strength Index is near 30, suggesting that Ethereum may be oversold. The 10-day Simple Moving Average is approximately $3383, indicating upward momentum.
These factors hint that bulls might be influencing the market, and Ethereum could see further growth ahead. For those interested, Ethereum can be accessed on platforms like ChangeNOW without registration and hidden fees.
As we look ahead to 2025, the performance of Bitcoin and Ethereum will be closely watched by investors and traders alike. With the potential for new ATHs and exciting developments in the cryptocurrency market, 2025 promises to be a pivotal year for these two crypto giants.
