BREAKING

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

BTC

BTC/USDT

$66,852.00
+4.70%
24h Volume

$21,689,477,062.44

24h H/L

$67,292.15 / $63,678.83

Change: $3,613.32 (5.67%)

Long/Short
58.5%
Long: 58.5%Short: 41.5%
Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$66,841.99

1.67%

Volume (24h): -

Resistance Levels
Resistance 3$73,762.16
Resistance 2$70,990.46
Resistance 1$68,191.60
Price$66,841.99
Support 1$65,723.20
Support 2$63,952.53
Support 3$61,834.89
Pivot (PP):$66,496.05
Trend:Downtrend
RSI (14):45.6

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.

Share News:
Don't Miss Breaking News