BREAKING
400d 20h ago

Matrixport Predicts Bitcoin to Soar to $160,000 by 2025 Amid Strong Demand and Institutional Support

BTC

BTC/USDT

$71,336.87
-6.79%
24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short
77.9%
Long: 77.9%Short: 22.1%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$70,942.95

-3.04%

Volume (24h): -

Resistance Levels
Resistance 3$76,971.52
Resistance 2$74,594.61
Resistance 1$71,474.71
Price$70,942.95
Support 1$70,140.00
Support 2$66,407.06
Support 3$58,306.99
Pivot (PP):$71,474.71
Trend:Downtrend
RSI (14):20.9

In a recent report by Matrixport, a notable player in the cryptocurrency financial services sector, expectations for Bitcoin’s price trajectory have been discussed with a potential target of $160,000 by 2025. According to the firm’s Head of Research, Markus Thielen, who also leads 10x Research, this bullish outlook is underpinned by sustained demand for a Bitcoin Exchange Traded Fund (ETF), alongside favorable macroeconomic conditions and an increasing global liquidity environment.

Thielen emphasized that a growing demographic of investors, particularly those engaged in active dip-buying strategies for Bitcoin, as well as robust support from institutional players, are likely to mitigate the extent of market pullbacks expected in 2025. This sentiment marks a shift from Matrixport’s earlier prediction in 2023, where they anticipated Bitcoin would hit $125,000 by 2024, thus reflecting an evolving market outlook amid increasing institutional adoption.

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