Amid current market fluctuations, Bitcoin, the world's leading digital asset, shows signs of repeating its bullish rise similar to that of 2017.
Bitcoin's 2025 Performance Analysis
In 2024, Bitcoin's ATH performance was less productive, marked by roughly 23 ATH days overall. However, in 2017, the digital asset achieved peaks on 77 different days. Market experts see a correlation between the current year's performance and 2017. Significant highs were also noted in 2013 with 51 ATH and 2011 with 37 ATH. As of now, Bitcoin reached an ATH of $109,114.88 on January 19, 2025.
Impact of President Trump's Silence
Bitcoin soared dramatically on President Donald Trump's inauguration day, setting a historic record at $109,114. Following this peak, many market participants anticipated further climbs to maintain the bullish momentum. However, speculators are reconsidering their strategies due to Trump's silence on the anticipated Strategic Bitcoin Reserve. Analysts suggest this silence may account for the decline in trading volume.
Analysts' Predictions for Bitcoin's Future
Despite Bitcoin's volatility, the asset has found support at $100,000. Analysts have focused on Bitcoin's 10-day simple moving average (SMA). The forecasts point to a potential 15% price increase, with Bitcoin possibly surpassing $122,000 by February, although some consolidation might follow this rapid rise.
Bitcoin continues to draw attention from both institutional and retail investors, despite short-term volatility and uncertainties regarding political factors. Numerous forecasts suggest significant potential gains for investors in the near future.
