In the past 24 hours, the price of Bitcoin (BTC) has grown by 5%, once again approaching the $85,000 mark. Some experienced analysts, however, are skeptical about this move, considering it a false spike. Daan Crypto Trades, a cryptocurrency market investor, warns that Bitcoin has created a price gap for the sixth consecutive week on weekends and quickly descends midweek due to low liquidity and temporary excitement, often fading away within the same week. On the other hand, according to a poll by Altcoin Daily, about 75.5% of users believe that Bitcoin will set a new historical record by the end of 2025. At present, with a 60.5% market dominance, a daily trading volume of $31.3 billion, and a market capitalization of $1.65 trillion, Bitcoin has shown slightly better performance than the overall market. However, its price is still 23% below its historical high of $108,786, and any negative news could trigger another price drop.
