Experts from bitcoindata21 predicted the growth of Bitcoin to $233 thousand in 2025
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Johny Smith
2024/11/10
3 mins read
The beginning of October was not the best for Bitcoin, but strong buyers still became active on the market. This contributed to the fact that the flagship digital coin was able to confidently gain a foothold above the round level of $65,000. At the moment, many experts agree that Bitcoin will continue to grow steadily in the medium term.
Analysts from bitcoindata21 published a post on social network X, assessing the current situation in market conditions. Experts came to the conclusion that next year Bitcoin will be able to reach $233 thousand. When assessing, experts primarily referred to the technical indicators of the RSI indicator. “The upper limit of the trend trend for the monthly RSI chart is near 88.6. It is likely that this level will be reached in the 1st quarter of next year. In price terms, this will correspond to approximately $233 thousand,” experts emphasized.
Experts also believe that there is still some apathy in market conditions against the backdrop of protracted consolidation. However, a positive macroeconomic picture could have a significant impact on investor sentiment.
Now trading participants are confident that the Fed will continue to implement its approach to easing monetary policy. The next Fed meeting will take place early next month. It is expected that the American regulator will again reduce the key refinancing rate by at least 25 basis points.
Clear optimism among investors also reigned against the backdrop of news that came from China. The local government may soon ratify a major package of financial support for the national economy. This situation will attract additional liquidity to the market. This, in turn, will contribute to the potential growth of most cryptocurrencies.
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