Bitcoin (BTC) is at a pivotal point where data analysis reveals signs of significant short-term movements. The $85,800 level is identified as a critical area for Bitcoin’s next direction due to high liquidity concentration. Many stop losses or trading orders are placed at $85,800, increasing the likelihood of a liquidity hunt scenario. Currently, Bitcoin’s price is fluctuating just below the $85,800 range. Breaking through this resistance could lead to a powerful upward move and a retest of historical highs. Conversely, if sellers prevent growth at $85,800, a short-term correction and a drop to lower levels are possible. Fundamentally, analysts remain optimistic about Bitcoin’s future. Market analyst Fred Krueger predicts a 77% chance of Bitcoin reaching its historical high by 2025. Considering Bitcoin’s historical growth trend and market fluctuations, Krueger suggests that Bitcoin could potentially reach over $108,000 this year. Additionally, the decrease in the U.S. Dollar Index (DXY) and the increase in global liquidity (M2) are seen as key factors in stimulating Bitcoin’s market towards the next bullish phase. According to analyses, with the rise in global liquidity, Bitcoin typically shows a reaction with a delay of 75 to 105 days. On the momentary digital currency price page, you can view the live prices of all tokens and cryptocurrencies.
