Bitcoin Price Recovers to $96,000 Amid 2025 Bull Market Predictions
The cryptocurrency market is recovering from recent lows, with Bitcoin (BTC) retesting key levels. Analysts are sharing predictions for BTC's performance in the upcoming bull market of 2025.
Bitcoin Correction Nearing Conclusion
In the past three days, Bitcoin has risen to approximately $96,000, briefly reaching near $98,000. Last week, it lost this critical range and struggled to reclaim it for six days. This zone has been a significant bounce point since mid-November.
The New Year recovery resulted in nearly a 5% price increase, maintaining above $96,000 for the last day. Analysts emphasize that regaining the $97,300 support zone is essential for reversing BTC’s short-term bearish trend, although it failed to hold during the latest retest.
Crypto analyst Rekt Capital indicated that Bitcoin's correction may soon end, as it approaches the conclusion of week 9 in its post-halving “Parabolic Upside Phase.” This phase typically lasts around 300 days following each Halving event.
Historically, Bitcoin experiences a major retrace one month after entering price discovery mode, with the first “Price Discovery Correction” occurring between Weeks 6 and 8, involving at least a 25% pullback.
This cycle began its retrace on Week 7 with a 15% correction, attributed to smaller corrections seen in previous cycles. Rekt Capital stated that once Bitcoin surpasses its historically corrective weeks, bullish indicators will emerge.
The analyst also noted that BTC’s peak is expected this year, followed by an emerging bear market lasting over 365 days, with potential declines of 65% to 80%.
Positive Outlook for BTC in Q1
Trader Daan highlighted that Bitcoin has been fluctuating around the $100K level for six weeks, indicating built-up liquidity. A break above $100,000 could drive prices higher.
Daan emphasized that BTC is trading near a high volume node, suggesting easier price movement once it breaks away. The 4H 200MA is providing resistance while the 4H 200EMA offers support.
A breakout above $98,000 could initiate a rally back to all-time highs, while maintaining the $95,000 support zone is crucial in the short term. Daan expects an interesting competition between BTC and ETH in Q1, as historical performance indicates strong results for leading cryptocurrencies early in the year.
Currently, Bitcoin trades at $97,071, reflecting a 1% weekly increase.
