The crypto market is moving sideways as Christmas holidays bring a cooled down phase. This price action has been hard on Bitcoin as it struggles to surge past $100,000 after falling from the all-time high last week.
As per TradingView data, Bitcoin is currently trading near $96,800 and it is once again approaching $100,000 after being rejected twice in the past week. This psychological price mark has now become a resistance while BTC recovers from the dip that occurred after it hit the all-time high of $108,364 on 17th December.
BTCUSD – TradingView
Earlier this month, the $100,000 mark played as a key-support since the BTC price first broke this level. If Bitcoin manages to break above this price during the weekend, it’s likely that the next leg-up will be approaching a new all-time high.
Bitcoin Price Prediction for 2025
As there are only a few days left for 2025, investors are much optimistic on Bitcoin as it continues to grow. The price of Bitcoin is expected to rise sharply once it enters the price discovery phase.
On January 20, the president-elect Donald Trump is going to take the oath for his incoming term. It is likely that during the first two weeks, the whole crypto market will go through massive volatility.
Read: Bitcoin Mentions on X Grow by 65% Reaching 140M in 2024
