BREAKING
455d 23h ago

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

BTC

BTC/USDT

$66,969.90
+1.49%
24h Volume

$5,893,102,060.79

24h H/L

$67,284.00 / $65,766.10

Change: $1,517.90 (2.31%)

Long/Short
71.0%
Long: 71.0%Short: 29.0%
Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$66,885.03

0.72%

Volume (24h): -

Resistance Levels
Resistance 3$74,458.01
Resistance 2$69,708.76
Resistance 1$68,058.24
Price$66,885.03
Support 1$66,155.21
Support 2$64,323.39
Support 3$60,000.00
Pivot (PP):$66,702.02
Trend:Downtrend
RSI (14):42.4

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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