Bitcoin price could test $99K before a year-end surge, says market expert
- Bitcoin’s price remains under resistance, with a breakout anticipated soon.
- Historical ties suggest government spending impacts Bitcoin’s price.
- Julio Moreno forecasts Bitcoin to trade between $87,000 and $99,000.
- Current demand for Bitcoin is weakening, posing risks for price drops.
- A strong finish to 2025 remains plausible based on historical trends.
Possible Significant Breakthrough in Bitcoin Price Near Term
Bitcoin Struggles at Resistance, but a Breakout May Be Near Bitcoin has been in a notable consolidation phase recently, with its price seemingly stuck just beneath a crucial resistance level on daily charts. Traders are watching closely as this trendline has remained intact for several sessions, and the tension in the market is palpable. Many analysts believe that a breakout could be just around the corner, and if it happens, we could see significant movement in Bitcoin’s price as the year draws to a close.
Analyst Insights on Future Bitcoin Price Movements
Historical Insights Suggest a Repeat Performance Meanwhile, renowned analyst Ted Pillows mentioned an interesting historical precedent. Back in 2020, a significant government spending bill was a catalyst for Bitcoin’s rise to all-time highs. Fast forward to 2025, and there’s yet another bill in the works—potentially even larger than the last—that has some in the market hopeful that a similar upward trajectory could be achieved. In this context, Julio Moreno, the Head of Research at CryptoQuant, expressed his forecast for Bitcoin’s price in the near future during a recent interview.
Demand Dynamics Could Influence Bitcoin’s Future Price Swings
Demand and Market Sentiment Complicate the Picture As of now, Moreno suggests Bitcoin may fluctuate between $87,000 and $99,000 in the next two to three months if the current conditions persist. He emphasized this range is guided by on-chain data, particularly the realized price—which reflects the average level at which traders acquired Bitcoin. In bullish trends, corrections often occur closer to this realized price before pushing higher. However, there’s a note of caution: demand for Bitcoin appears to be trending down, and unless there is a notable uptick in buying activity, we could potentially see the price dip to about $99,000 prior to any significant ascent. For Bitcoin to soar to an ambitious $138,000, a revival in demand is crucial. Additionally, Moreno mentioned that while the peak for this market cycle could reach as high as $190,000, he expects the timeline to extend into 2026. Historical patterns suggest that Bitcoin usually sails high in Q4 during bull markets, indicating that a strong end to 2025 is entirely possible.
In summary, Bitcoin is currently navigating a critical juncture. With its price hovering near a pivotal resistance level, market experts are keeping a close eye on upcoming demand trends. The potential for significant price movements before the end of the year hinges on both historical precedents and current market sentiments.
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