New Bitcoin Price Prediction after BTC Settles Near 111K
Bitcoin fell almost 10% over the last 7 days but is now settling down around the $111K mark and could be prepared to climb soon.
Quick overview
- Bitcoin fell 0.18% to $111,654, marking a nearly 10% decline for the week.
- Despite recent struggles, Bitcoin appears to be stabilizing above the critical $110K level, which is encouraging for investors.
- The cryptocurrency market is currently volatile due to external factors like the ongoing government shutdown and trade tensions between the U.S. and China.
- There is potential for Bitcoin to reach $150K by year-end, but recent pullbacks may hinder its ability to surpass $130K.
Bitcoin fell 0.18% by Thursday morning, showing signs of slow movement as it rested at $111,654 (BTC/USD). The coin is now down almost 10% for the week.
It is good news for Bitcoin (BTC) investors that the coin is no longer tumbling further. After a week of freefall, it looks like Bitcoin is settling and may be prepared to make a comeback. The fact that Bitcoin is above the dangerous $110K level is good news as well for investors hoping to see another all-time high for the coin in the near future.
BTC/USDWe are seeing indications all across the cryptocurrency market that tokens are slowing down and settling rather than remaining bearish. This is excellent news for the market that has dealt with a strong decline over the last week. Ethereum (ETH), BNB (BNB) and Dogecoin (DOGE) have all slowed down from their rapid descents and have shown little movement over the last 24 hours.
Where Is Bitcoin Headed Now?
Bitcoin will struggle to hit a record high anytime soon due to a few factors that are affecting much of the cryptocurrency market right now. The most powerful factors at this moment are the ongoing government shutdown (now in its third week) and the high-tension trade war between China and the United States. As long as these two events continue, they will stifle trade and make crypto investment risky.
The crypto market is considered volatile at this moment, and even though that is usually the case, it is even more volatile now since the stock market is also going through a period of instability. This creates a ripple effect for the crypto market and makes it hard for coins to rise rapidly as investors fear a sudden drop off at any moment.
There are a few factors working in Bitcoin’s favor, though. The crypto market is enjoying strong support from the United States government thanks to the passing of the GENIUS Act into law earlier this year and the efforts of the current U.S. government administration to set up a Bitcoin reserve and promote free crypto trade.
The crypto market will also benefit from recent highs from Ethereum, Bitcoin, and XRP (XRP). With those records in recent history for the average investor, there is a good chance that investors will expect similar highs in the near future. There is still potential for Bitcoin to achieve a value of $150K before the end of the year, but every time it pulls back like it is now, that chance decreases. We have seen the coin repeatedly hit a new record and then pull back shortly afterwards, and that pattern may repeat throughout the remainder of 2025. If it does, then Bitcoin will struggle to move much past $130K before the year is up.
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