There’s a lot of potential strong support below, both long and short-term and as we discussed in yesterday’s note the preferred view is that price is rising in a new 20-week cycle with an upside target around US$33,000 by end-July/early August.
Bitcoin’s price looks to be forming a base with the level to beat near term at US$23,210, which is the open on 14 June. It’s not uncommon for push up and pull back sequences to occur in these market phases.
We've just entered 2025 but where will Bitcoin end the year on?
2024 was a pivotal year that reshaped the crypto landscape, not just in terms of price but also in how cryptocurrencies are viewed by governments, investors, and the public.
While Bitcoin has soared over 125% this year, driven by institutional adoption and the launch of ETFs, the recent outflows from spot-Bitcoin ETFs and proximity to the 50-day moving average signal growing uncertainty.
South Korean retail interest in cryptocurrency has been measured by the "Kimchi Premium" metric, which is named after a famous Korean side dish.
The US is the focal point for digital asset innovation and trading, and Trump's pro-crypto policies and the success of Bitcoin ETFs have catalyzed unprecedented activity in US markets, making 2025 a pivotal year for the sector.
The strategy of riding the market's winners, fueled by the dominance of tech giants like Nvidia and Meta, delivered a record-breaking 31% return in 2024, even as cracks in its sustainability began to show. Now, blockchain-based assets and cryptocurrencies are emerging as top picks for 2025.
We've just entered 2025 but where will Bitcoin end the year on?
2024 was a pivotal year that reshaped the crypto landscape, not just in terms of price but also in how cryptocurrencies are viewed by governments, investors, and the public.
