Home > web3.0 > Bitcoin (BTC) Price Bull Run Coming in 2025, Predicts Popular Crypto Analyst

Bitcoin (BTC) Price Bull Run Coming in 2025, Predicts Popular Crypto Analyst

王林
Release: 2024-08-22 18:12:17
Original
853 people have browsed it

Bitcoin Bull Run in 2025? CryptoCon, a well-known technical analyst on X with more than 100000 followers, has recently shared his thoughts on the current price action and on what's next for the world's largest cryptocurrency.

Bitcoin (BTC) Price Bull Run Coming in 2025, Predicts Popular Crypto Analyst

Bitcoin’s price has seen a drastic change over the last seven days, and at the current price level of about $60K, there’s an evident battle between buyers and sellers, leaving it up in the air as to who will claim victory.

A renowned cryptocurrency analyst has shared his two cents on the uncertainty, suggesting that Bitcoin is on the brink of a grand cycle.

Bitcoin Bull Run Coming in 2025?

CryptoCon, a popular technical analyst on X with over 100K followers, recently shared his thoughts on the current price action and what’s next for the world’s leading cryptocurrency.

He believes that now is certainly not the time to be closing out of Bitcoin positions as there’s a bull run coming in 2025.

Leaving Bitcoin now is leaving before any of the fun! Same resistance, and same support on the Puell Multiple cycle after cycle. You’re in the last valley before the highest peak. The calm before the storm, up that is! – The analyst stated.

Based on his analysis of previous cycles, CryptoCon anticipates a bull run to take place in 2027.

Bitcoin Open Interest Spikes

It remains to be seen whether there’s a bull run coming in 2025, but Bitcoin’s open interest has seen a massive surge over the last 24 hours.

Derivatives traders have added over a billion following the minutes from the FOMC meeting that were released yesterday.

Open interest on its own is not a metric that can be used to predict future price movements, but it usually precedes incoming volatility.

In the last 24 hours, BTC has managed to reclaim the $60K price level, which triggered a combined total of $125 million in liquidated derivatives positions. Notably, the majority of these ($69M) belonged to long traders.

The above is the detailed content of Bitcoin (BTC) Price Bull Run Coming in 2025, Predicts Popular Crypto Analyst. For more information, please follow other related articles on the PHP Chinese website!

Related labels:
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template