New Price Prediction as Bitcoin Keeps Bullish Momentum

Bitcoin (BTC) is being spurred by positive economic growth toward $65K, managing to remain bullish despite a sluggish stock market and a mostly down crypto market.

On Monday morning, Bitcoin had climbed to $64,351 (BTC/USD) after several days of upward movement. The coin is on a hot streak right now after its recent downturn, prompting analysts to offer up new price predictions based on its current behavior.

The consensus among most analysts is that Bitcoin will continue to move back and forth over the short term, which would take into account the next few weeks. However, most experts agree that Bitcoin has enormous potential and is poised to move much higher in the long term. We have seen exponential growth for the coin from year to year.

Bitcoin is currently above the $62,000 resistance level and still gaining momentum. It has moved only 0.64% over the last week because of the recent bearish trend, but the token has recovered from those losses and should be able to climb higher in the next day or so.

Price Prediction for Bitcoin

While much of the market is being held back by economic fears on a global scale, Bitcoin is doing quite well and defying expectations. Over the last week, Ethereum (ETH) has lost nearly 4% and Solana (SOL) has dropped 3.45%. A number of other high profile coins have dropped substantially in that same time period, and yet Bitcoin has managed to stay positive overall.

That is promising for crypto investors who expect great things from Bitcoin. The token is potentially able to beat its all-time high before the year is over and could double by the end of next year. With the recession further in the past now and the economy improving, Bitcoin has once again become one of the most promising commodities on the market.

For the week, we expect a high of $66,000 for Bitcoin before a selloff causes it to drop again. By the end of 2025, however, we may see a Bitcoin price of around $120,000.