New Bitcoin Price Prediction as BTC Holds onto This Week’s Gains
Bitcoin is holding onto recent gains and edging closer to a new record high thanks to peace in the Middle East.
Quick overview
- Bitcoin has recovered above $107K after briefly dropping below $100K, showing promising stability.
- The cryptocurrency has established a new support level above $200K and is only 4% away from its all-time high.
- Recent geopolitical developments, including a ceasefire between Israel and Iran, have positively impacted Bitcoin's price and the broader stock market.
- Satoshi-era miners are holding onto their Bitcoin, indicating expectations for significant price increases in the future.
Live BTC/USD Chart
Despite dropping below $100K this week, Bitcoin has managed to recover above $107K, and it has retained its gains for an entire day now, which is very promising.
It appears that Bitcoin has achieved a new support level above $200K since the recent movement has kept the coin mostly above that mark and helped propel it to a price of $107,382 (BTC/USD) for Thursday.
The token is now climbing back near its all-time high, and it is only 4% away from its record. This current upward trend can be mostly attributed to a ceasefire being reached in the Middle East between Israel and Iran after U.S. intervention. The United States government bombed three Iranian nuclear missile facilities, and as a result, Iran agreed to stop hostilities with Israel.
The ensuing peace has helped push the stock market upward and given the cryptocurrency market a boost as well. Bitcoin is leading the crypto market with one of the most sizable gains over the last few days. In seven days, Bitcoin has climbed 2.42%, completely regaining the lost ground from when fighting broke out between Israel and Iran.
Satoshi-Era Miners Holding on Tightly
As Bitcoin reached an all-time high this year, the data showed that the oldest miners- those from the Satoshi era- are holding onto their Bitcoin instead of selling it. It appears that these miners expect Bitcoin to climb much higher, and they have bucked larger market trends to retain their stocks of bitcoins even when the token achieved a new high earlier in the year.
What tends to happen when there is a strong rally in Bitcoin prices is that the older miners will often sell their coins and make a profit, but that is not what happened this year. What this indicates is that these miners are expecting Bitcoin to move much higher and achieve new records over the coming months. There is only allow level trading occurring with Satoshi-era miners in 2025, and that has caused some analysts to predict a higher price point for Bitcoin throughout the remainder of 2025.
We previously stated that Bitcoin may have a hard time hitting $150K this year because of the backpedaling we saw after the all-time high in late May of this year. However, with Bitcoin holding on to its recent gains, with the older miners holding onto their coins, and with the Middle East region showing some signs of stabilization for now, it is possible that Bitcoin could move much higher before the year is over. This digital currency may just surprise investors and analysts alike with its gains for 2025, hitting well beyond $150K.
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