Key Takeaways
- Bitcoin’s price continues to struggle as it trades below the key resistance zone of $114,000, as the price aims for bullish action.
- BTC’s price trading above $114,000 could boost market sentiment as traders remain optimistic.
- Crypto experts believe the price of BTC could build on the current price towards a potential breakout.
The price prediction for Bitcoin by crypto experts hints at a potential rally towards $150,000 before the end of the year, despite recent price uncertainty.
The BTC price, trading around $108,500 for a few days, was worrying for traders and investors who feel the price trades at key regions of interest.
A break below this level could have seen the price crash to a lower price point; however, with the price showing some glimpse of market bounce from this zone, leading to speculation to the upside.
Technical Analysis for Bitcoin Price
Source – Bitcoin Price Chart from TradingView
Market sentiment for the Bitcoin price has remained bullish over the last few weeks, despite the market trading in a range for several days.
The price of the number of market cap assets in the cryptocurrency market showed a strong price rebound from $108,500 to $111,500, as the price could see a strong rally above.
According to current price action, for Bitcoin, if the price of BTC creates a bullish price action above $114,500, the price could push higher towards its previous all-time high of $124,000, where the price failed to preserve its strong momentum in the past few weeks.
While the price of BTC has reclaimed its price above $111,500, above the key support zone, traders and investors will be watching the price closely in the coming weeks. However, on the four-hour timeframe, the market sentiment for the crypto asset has shifted to bullish as crypto experts continue to share various market price actions and predictions.
Crypto Experts Predicts Bottom is In
Crypto experts, such as Cas_Abbe, believe the market could be ready for more upside potential as the price breaks out of its downtrend on the four-hour timeframe, aiming to clear the previous high.
While the four-hour timeframe for Bitcoin looks encouraging, the daily timeframe for price hasn’t flipped bullish, as price could eventually slip back to the key support zone of $108,500, where price struggled in a range in the last few weeks.
Building on current market sentiment, BTC remains bullish for price, as it could see a strong push towards potential new highs before the end of 2025.
FAQs
How much is $1 Bitcoin in US dollars?
One BTC is currently around $112,000.
What was the lowest Bitcoin price ever?
Between 2009 and 2010, BTC was trading around $0.01, which was considered insignificant by many at the time.
How much is 1$ Bitcoin in Naira?
One BTC in Naira is worth over 169,000,000 at the current rate.
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