After reaching $102,412 in January, Bitcoin has fallen below $100,000. Some experts believe it could briefly drop to $95,000 before rebounding.
The price of Bitcoin may be influenced by the U.S. job report on February 7. If the economy appears weak, the Federal Reserve might decrease interest rates.
Despite the recent decline, experts predict that Bitcoin could reach $160,000 to $180,000 by the end of 2025, especially with the increasing interest in Bitcoin ETFs.
Bitcoin Falls Below $100,000, but It Might Be a Short-Term Drop
For the first time since January 27, Bitcoin has fallen below $100,000. While closing January with a record value of $102,412 is impressive, some analysts believe it will briefly return to $95,000, as suggested by one analyst.
The chief analyst at Bitget Research mentioned that, at this rate, $95,000 is considered a crucial support level for Bitcoin. According to him, Bitcoin’s movement in the coming weeks will be influenced by key factors such as the labor market trend, concerns or opinions about Federal Reserve policies, and overall market sentiment.
During this period, the U.S. Bureau of Labor Statistics will release its job market report on February 7, which could have a significant impact on the direction of Bitcoin. If the data indicates economic weakness, it could increase the likelihood of a federal interest rate cut by the Federal Reserve, which would benefit Bitcoin.
Experts Believe Bitcoin Could Reach New Highs in 2025
While some analysts speculate that this could be a “bear trap” – a short-term drop before a rise – in a bear trap, controlled selling leads to a decline, tricking traders into thinking that a larger price drop is imminent. However, experts predict that Bitcoin could reach as high as $160,000 to $180,000 by the end of 2025. One of the main positive factors is the growing interest in spot Bitcoin ETFs. Currently, these funds have grown to over $125 billion in total assets, just one year after their launch in the U.S. This increasing institutional interest is seen as a promising sign for Bitcoin’s appreciation.
While Bitcoin is experiencing short-term price fluctuations, many believe that this correction is normal and could help stabilize the market for future growth. Some investors see this as the best time to buy, while others anticipate further losses due to increased volatility in the crypto market, making investors cautious. However, many experts believe that Bitcoin will recover soon. Nevertheless, the entire cryptocurrency market poses high risks for investors who should always be prepared for losses before making decisions.
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