28 May 2025
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Bitcoin Price Fluctuates, Currently Trading at $109,060
Bitcoin's price exhibited significant volatility this week, peaking at over $111,900 on May 22 before dropping to around $106,683 by May 25. Currently, it trades at approximately $109,060, reflecting a 0.74% decrease over the past 24 hours but a weekly increase of 3.30%.
Market Forecasts
- The Bitcoin Therapist predicts Bitcoin may reach $120,000 by the end of this week, requiring about a 10% rise from current levels.
- Traders are skeptical, questioning the basis for bold forecasts given Bitcoin’s recent 8% gain.
- Concerns about the market being “greedy” suggest that solid data is more crucial than speculative targets.
Kiyosaki's Insights on Scarcity
- Robert Kiyosaki claims that less than 2 million BTC remain to be mined, which he believes will drive prices higher.
- As of May 26, 2025, approximately 19.87 million BTC are in circulation, leaving about 1.13 million BTC to mine.
- Kiyosaki projects Bitcoin could reach $250,000 by the end of 2025 and suggests even owning 0.01 BTC may be transformative.
- His predictions are met with both enthusiasm and skepticism within the community.
Technical Analysis
- Over the past month, Bitcoin had 18 green days compared to 12 down days, resulting in a 60% win rate.
- Average price swings were about 5.24% during this period.
- The Fear & Greed Index currently reads 74, indicating a “Greed” sentiment in the market.
- Upcoming candle closings may provide better insights into future price movements.
Future Price Predictions
According to CoinCodex, Bitcoin may reach approximately $119,495 by June 26, 2025, representing an expected increase of about 8.97% from today's price of $109,060.