The post Will Bitcoin Soar or Sink in 2025? appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) ended 2024 on a high note, reaching impressive price levels above $100,000. As 2025 begins, forecasts remain optimistic, with predictions suggesting a potential climb to $185,000. Despite such hopeful projections, recent price movements have introduced uncertainty, challenging the market’s stability. Why Did December See Bitcoin’s Sudden Decline?How Are Economic Factors Impacting Bitcoin? Why Did December See Bitcoin’s Sudden Decline? In a surprising turn, Bitcoin reached an all-time high of $108,000 in December, only to close the month below $94,000. This decline marks the first monthly loss for Bitcoin since August. The notable price drop led to the formation of a “shooting star” candlestick, a pattern often interpreted as a sign of potential price decline. How Are Economic Factors Impacting Bitcoin? The shooting star pattern indicates a struggle between buyers and sellers, with sellers ultimately gaining the upper hand. Experts argue that Bitcoin must stay above its December low of $91,186 to prevent confirming a downward trend. Below this threshold, the bearish sentiment could intensify. Current macroeconomic dynamics significantly affect Bitcoin’s immediate performance: Global economic uncertainties influence market behaviors. The Federal Reserve’s interest rate policies are under scrutiny. Increasing Treasury yields and a robust U.S. dollar pressure risk assets. Long-term perspectives remain bright, with some experts, including crypto commentator Alex Kruger, suggesting a shift toward a more favorable policy stance from the Federal Reserve in the upcoming months. Kruger believes that February could witness strong performance for Bitcoin, hinting at a potential recovery stage. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/will-bitcoin-soar-or-sink-in-2025

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Filed under: News - @ January 3, 2025 2:23 pm