Bitcoin (BTC) Eyes New Highs in 2025 Despite Short-Term Seller Pressure Around $88K-$90K
Bitcoin is currently holding steady above $87,000, with one analyst predicting a high probability of new all-time highs in 2025, while short-term technical analysis reveals significant seller interest in the $88,000 to $90,000 range. This comes as traditional companies like GameStop hint at potential Bitcoin purchases, adding a layer of institutional interest to the market.
GameStop Hints at Bitcoin Investment Following Board Approval of Digital Asset Strategy
Renowned for its joke stock approach, video game retailer GameStop (GME) has hinted at perhaps investing in Bitcoin. The corporation recently said that a strategy to invest in digital assets—including Bitcoin and US dollar-pepped stablecoins—has been unanimously authorized by its board of directors.
GameStop’s fourth-quarter results, which clearly show that the company’s investment strategy now allows investments in these cryptocurrency assets, confirmed this goal even more. With about $4.8 billion in cash reserves as of February 1st, this action by GameStop could indicate a rising trend of conventional businesses including Bitcoin to their balance sheets, reflecting the strategy of companies like MicroStrategy.
BTC/USD Technical Analysis: Sellers Positioned at $88K-$90K as Bitcoin Faces Resistance
Short-term technical study indicates that Bitcoin BTC/USD is seeing notable opposition in the $88,000 to $90,000 zone, despite the positive long-term picture. The “Whale Position Sentiment” indicator of crypto analytics platform Alphractal showed a clear reversal, suggesting that significant players with a bearish inclination had entered short positions at this price level.
This statistic follows the relationship between deals greater than $1 million across several exchanges and aggregated open interest. In past times, a dip in this attitude has accompanied price reductions even with brief price hikes.
Key Onchain Levels: Short-Term Whale Cost Basis at $91K, Critical Liquidity Zone at $84K-$85K
According to onchain research from CryptoQuant, short-term Bitcoin whales realize their valuation around $91,000. Most especially active addresses also have a cost basis between $84,000 and $85,000.
This makes the region of $84,000 to $85,000 a crucial liquidity zone since a dip below this level could perhaps induce more selling pressure. The expert underlined that these onchain cost basis levels sometimes serve as decision zones where market psychology changes, therefore traders should keep close eye on price reactions in these spheres.
Bitcoin Forms Ascending Channel, Needs to Breach $90K for Continued Rally
Bitcoin has achieved an intraday high of $88,252 on lower time frame charts, but it has lately failed to find a new intraday high. Suggesting it would probably encounter resistance from the top range of this formation as well as the 50-day and 100-day exponential moving averages on the daily chart, the price is now moving within the trendlines of an ascending channel pattern.
Bitcoin must clearly close over the $90,000 barrier if we are to steadily gather towards the $100,000 target, therefore overcoming the possible short bets held by whales.
Bitcoin Price Prediction: Analyst Predicts 75% Chance of Bitcoin Reaching New All-Time Highs by 2025
Reiterating his positive view of Bitcoin, economist Timothy Peterson of the network has indicated a strong 75% chance of the coin attaining fresh all-time highs during the next nine months. Based on ten years of Bitcoin price data, Peterson underlined that BTC’s present situation is within the bottom 25% range and is almost at the lower limit of its historical range.
This, the analyst said, gives Bitcoin most chances for a substantial increase. Peterson also said that over the short run, Bitcoin has a 50% chance of rising over 50%. His research conforms to earlier studies showing that April and October usually show the best monthly performance of Bitcoin.
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