Bitcoin continues to show robust growth, consistently staying above key resistance levels and nearing significant psychological ranges. It is expected to maintain its upward trend, potentially leading to new records and significant market shifts.
Current Trends and Predictions
Bitcoin's price has shown consistent growth in the hourly time frame, remaining above the critical resistance level of $97.6K. On Thursday, January 16, it reached approximately $99.2K. As a result, Bitcoin has entered an important resistance range between $100K and $108K, which could trigger a new rally towards new all-time highs. Alongside Bitcoin, gold prices are also poised for a fresh bull market, breaking crucial trends.
Bitcoin Price Forecast for 2025
According to CryptoQuant, Bitcoin has yet to reach the top of the cycle for the 2024/2025 bull market. Observers note possible horizontal consolidations that might lead to significant changes. CryptoQuant forecasts a market cap growth for Bitcoin by a factor of 2 to 6, translating to a price range of $145K to $249K in 2025. These figures represent market capitalizations between $2.88 trillion and $4.969 trillion.
Impact on the Altcoin Industry
The expected parabolic rally for Bitcoin is likely to trigger the much-anticipated altseason in the coming months. Bitcoin's dominance has already started forming a macro reversal after an upward trend over the past year.
The 2025 forecast indicates that Bitcoin could achieve significant price levels, impacting not only its own metrics but also the altcoin market, creating new opportunities for investors and market participants.
