Bitcoin Price Prediction after Mid-Week Gains
Quick overview
- Bitcoin (BTC) has gained momentum, moving above $118K after a brief decline to $116K.
- The coin's recent consolidation between $117K and $118K suggests potential for a bullish trend.
- Increased trade volume and interest in Bitcoin ETFs indicate a possible upswing by the end of the week.
- There is strong support from Bitcoin holders, which may help the coin reach a price of $150K by the end of 2025.
Live BTC/USD Chart
After a slow start to the week, Bitcoin (BTC) is gaining momentum and has moved above $118K, spurring speculation that the sluggish coin could be ready to surge.
Over the last 24 hours, Bitcoin has gained 0.74% and is now valued at $118,383 (BTC/USD). This is the highest the coin has moved in two days and comes after a brief plunge to $116K on Wednesday.
BTC/USDBecause BTC was able to come out of its steep decline so fast, there is the strong possibility that the coin may be preparing to go bullish. This has been speculated about for days, since BTC moved little when the remainder of the crypto market surged and then fell off a cliff.
Bitcoin’s consolidation in recent weeks between $117K and $118K shows that it is resilient, but it could also mean that the coin is going to be moving quickly soon. It is unusual for the rest of the cryptocurrency market to move so wildly and for Bitcoin to barely move at all.
Our BTC Price Prediction
Where might Bitcoin be headed now? There is a strong possibility that the coin will push back toward its all-time high over the weekend. Even though the Federal Reserve did not issue rate cuts this week, Bitcoin may be able to move on its own momentum. We are seeing increased inflows for Bitcoin ETFs and strong support for cryptocurrency thanks to the signing of the GENIUS Act that makes stablecoins far more accessible to the public.
Bitcoin trade volume is at $70.3 billion, which is up about 12% over the last day. This may indicate increased interest in the coin that could build to a bullish trend by the end of the week. The holding pattern that Bitcoin has developed shows that Bitcoin investors are keeping their assets tightly and are waiting for and anticipating an upswing.
There is very little selling pressure for BTC at the moment, which means that if the coin starts to climb, it could move quickly and experience strong support from the Bitcoin whales and BTC holders who expect the coin to keep on gaining. It is still possible that BTC will attain a price of $150K before the end of 2025, especially if Bitcoin holders manage to keep selling pressure low.
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