According to some projections, a lot of price volatility is coming for Bitcoin that will be marked by strong rises and falls.
Financial analyst Florian Grummes said that, according to new projections, A lot of price volatility is coming for Bitcoin (BTC) this year. This is highlighted by a new report published on January 8.
“The price of Bitcoin is expected to range between $70,000 and $150,000 in 2025, and extreme volatility is expected“, he warned, adding: “Current market dynamics suggest a perfect storm of factors, including inflows into ETFs, potential US strategic reserve considerations and nasty waves of profit-taking in the stock market.”
The specialist clarifies that this set of factors could propel Bitcoin to new heights while exposing it to major turbulence risky. “After all, thanks to Wall Street and the numerous bitcoin ETFs, the price of bitcoin is more closely correlated than ever with the fate of the stock markets,” he explained.
Bitcoin and Donald Trump: what to expect
US President-elect Donald Trump said during his campaign that he will integrate Bitcoin into national reserves and make the country the capital of the cryptocurrency industry. That’s why, The markets are focused on the movements he makes in this regard, after his inauguration scheduled for January 20.
Grummes, in this regard, warned that the explosive rise of Bitcoin since Trump’s victory in the elections in November left something to take into account. He highlighted that although it rose very quickly to more than US$100,000, breaking the resistance of US$73,000 that it maintained for months, he does not rule out a deeper fall as a test of support.
Source: Ambito
