New Bitcoin Price Prediction as Price Begins Climbing
Bitcoin (BTC) is up by 0.46% in the last hour and still climbing, which could give it the momentum it needs to pass $97,000 today. Currently at $96,231 (BTC/USD), Bitcoin is tantalizingly close to the $100K mark.
How soon will Bitcoin pass the$100K level and where might it go later this year? We are looking at a few important factors that could drive the price up or down this week and throughout 2025 and we are giving our new prediction for what price level could be possible this year.
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For the past two weeks, Bitcoin’s price has been fluctuating between $94K and $100K, which is a strong enough performance to keep interest high. We have seen moves from both MicroStrategy and GameStop recently to indicate strong support for Bitcoin and hope for its future.
Over the last seven days, Bitcoin has fallen 1.73% but is currently experiencing a surge. Investors should watch for Bitcoin to hit $99,000, as that will likely prove important for whales who expect the coin to climb past $100K in the near future. If the price can pass the $99K mark, then it is likely to gain traction from major investors who anticipate a further climb.
If Bitcoin continues to flounder between $94K and $100K for much longer, though, it could lose some of its investor interest and send those investors over to more rapidly moving crypto coins.
Where Bitcoin Is Headed This Week
Investor sentiment is not fully committed this week, and many of them are waiting to see what Bitcoin will do. Day traders are very likely to profit this week as Bitcoin continues to rise, but long-term holders may be more disappointed with the price movement. Bitcoin could be held back by inflation fears, a lack of interest rate cuts, and the wait for President Donald Trump to enact his promised cryptocurrency plans.
While the Melania (MELANIA) and Official Trump (TRUMP) crypto coins are both down today, that does not mean Bitcoin is going to fall as well. Investors should be watching instead what moves Trump and the US government make in regards to crypto, and some of the major actions like a reworked crypto legislation framework are still to come.
Bitcoin could hit $100K this week, if market sentiment shifts more in its favor. How today’s surge goes will likely determine the potential for that benchmark.
2025 Price Prediction for Bitcoin
The stagnation of Bitcoin’s price over the last two weeks has not eroded hopeful estimates of where Bitcoin is headed. The coin is poised to do very well this year and achieve a price point of anywhere between $150K and $200K before the end of 2025.
The possibility of those higher estimates happening will be mostly based on how quickly the US government moves its feet on new crypto legislation, setting up a Bitcoin fund, and similar pro-crypto actions. There are a number of crypto and specifically Bitcoin themed products based on Donald Trump, like financial services and sneakers, but these do not indicate strong government support for crypto. Once that support starts to manifest in real action, some of the price estimates for Bitcoin should go much higher.
We are already well into February, and Bitcoin is still struggling to pass $100,000. There is no promise that it will set a new support level above $100K anytime soon, and we could still see stagnation for weeks to come that causes investor interest to drop off for a while.
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