BREAKING

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

BTC

BTC/USDT

$66,909.40
+4.49%
24h Volume

$19,942,270,717.36

24h H/L

$66,949.22 / $63,678.83

Change: $3,270.39 (5.14%)

Long/Short
59.5%
Long: 59.5%Short: 40.6%
Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$66,620.00

1.33%

Volume (24h): -

Resistance Levels
Resistance 3$73,759.94
Resistance 2$70,655.88
Resistance 1$68,191.60
Price$66,620.00
Support 1$66,273.60
Support 2$64,273.78
Support 3$61,834.89
Pivot (PP):$66,307.74
Trend:Downtrend
RSI (14):44.9

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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