BREAKING
404d 2h ago

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

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

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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