Earlier this month, Bitcoin (BTC) made history by soaring above the $100k mark for the first time ever. This monumental moment sparked excitement and speculation about the future of the 2024/2025 bull market. However, momentum has slowed as attention shifts toward large and mid-cap altcoins.
After peaking at $100k, Bitcoin experienced a sharp 14% decline over two weeks, trading around $93.3k as of December 30. Daily charts show consistent closes below the 50-day moving average (MA), indicating short-term bearish control.
👉 Discover expert insights on Bitcoin's next move
A Critical Juncture for Bitcoin
Veteran trader Peter Brandt highlights Bitcoin’s pivotal position:
- Bearish Scenario: A potential head-and-shoulders (H&S) pattern suggests downside risk toward $78k support.
- Bullish Scenario: The HSBDP pattern (Hump Slump Bump Dump Pump) could signal a strong rebound, possibly rallying to $120k.
Institutional Demand Remains Robust
Despite short-term volatility, institutional investors continue accumulating Bitcoin. Key drivers include:
- BlackRock’s IBIT and MicroStrategy expanding holdings.
- Exchange reserves hitting multi-year lows (~2.24M BTC), underscoring scarcity.
Spot Bitcoin ETFs Gain Traction
U.S. spot Bitcoin ETFs reflect sustained institutional interest:
- Net inflows: $35.6 billion.
- Total assets: ~$106.6 billion.
However, futures open interest (OI) dropped by $7 billion, signaling caution amid midterm selloff fears.
FAQs
What’s Bitcoin’s potential peak in 2025?
Analysts project a high of $169,046 (Coinpedia).
Could Bitcoin reach $1 million by 2030?
With global adoption, long-term projections suggest $610,646–$1 million.
Why are institutions bullish despite volatility?
Scarcity and ETF inflows reinforce Bitcoin’s role as a macro hedge.
👉 Stay updated on Bitcoin trends
Institutional support and technical patterns paint a nuanced picture—will bulls or bears prevail? Share your thoughts below!
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