Bitcoin Price Recovery: Movement of 14,000 Dormant BTC and Future Forecasts
As Bitcoin recovers to $97,800 after a dip, market data indicates significant movement of long-dormant coins. Forecasts suggest a slight increase in the chances of Bitcoin reaching $200,000 by late 2025. However, recent market indicators also display bearish trends, indicating potential further declines towards the $90,000 level.
On Monday, Bitcoin price reached approximately $97,800, rebounding from last week’s low of $91,231. Recent data from CryptoQuant revealed that 14,000 Bitcoin, which had remained inactive for 7 to 10 years, was moved. Additionally, the Bitcoin Exchange Netflow indicated levels comparable to those observed during the FTX collapse, highlighting a significant shift in market dynamics.
Nick Forster, the founder of Derive.xyz, provided insight that the probability of Bitcoin achieving $200,000 by December 26, 2025, has increased to 12%, up from 11% in the previous week. Furthermore, there exists a 15% chance that Bitcoin could surpass $135,000 by the end of Q2, slightly raised from 14%.
Despite a slight recovery, the Bitcoin price recently faced resistance and closed below the critical psychological mark of $100,000, showing a near 2% decline over the past week. Should this trend continue, Bitcoin may test the $90,000 mark, with indicators suggesting a bearish momentum, as shown by the Relative Strength Index (RSI) reading of 45 and a MACD bearish crossover.
To clarify cryptocurrency terminology, Bitcoin stands as the leading digital currency, functioning as a decentralized payment method without central authority interference. Altcoins are categorized as all cryptocurrencies other than Bitcoin, with Ethereum often considered separately due to its significant ecosystem. Stablecoins, on the other hand, maintain stable values pegged to assets like the US Dollar, providing a buffer against crypto volatility, essential for investors.
As of the writing of this report, the author declared no holdings or business relationships in any stocks mentioned. The views expressed herein are solely the author’s and do not reflect the positions of FXStreet or its affiliates. Readers are admonished to conduct thorough research before making investment decisions, acknowledging the inherent risks involved in market activities.
In summary, Bitcoin’s recent movements and market indicators present a landscape filled with potential opportunities and risks. The increase in dormant Bitcoin activity and the slight improvement in price projections suggest a non-linear market response, urging investors to remain vigilant and informed.
In conclusion, Bitcoin’s price recovery to approximately $97,800, combined with the movement of dormant coins and volatile market dynamics, reflects the ongoing complexity of cryptocurrency trading. While forecasts point to slight improvements in Bitcoin’s future price potential, the market also presents downward pressures. Investors are advised to proceed with caution due to inherent market risks and uncertainties. Continuous monitoring and research are essential for making informed investment decisions in this volatile environment.
Original Source: www.fxstreet.com
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