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Bitcoin has shown continued bullish momentum in 2025, will it continue it’s ascent?
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In this article, we’ll discuss $BTC price prediction today, the potential reasons why it is bullish, and where can we see it in the coming weeks.
Bitcoin’s short-term price prediction
According to the technical analysis, Bitcoin’s prediction for today is bullish. $BTC is currently trading around $104,050, having recently broken through the critical resistance level of $104,000.
This surge suggests a continuation of the upward trend that began after a recent pullback to approximately $89,000 where $BTC tested ema50 and bounced back up.
$BTC price prediction today: will we see a new all-time high soon? - 1"> $BTC is now targeting the next major resistance at $105,000. This level has been a formidable barrier in the past and could challenge further upward momentum. Should $BTC overcome this resistance, it may aim for new all-time highs in the $110,000 to $115,000 range, driven by historical patterns and psychological levels.
On the downside, $100,000, which was a significant resistance prior to the breakout, now acts as a short-term support level. If $BTC dips below this mark, the next support level is around $95,000, where the price consolidated before its recent rally. A more substantial decline could see Bitcoin testing crucial support at $90,000 again.
The bullish sentiment is reinforced by $BTC’s current position above key moving averages, which traditionally indicates a strong upward trend. Additionally, the surge in trading volume accompanying the breakout above $100,000 highlights significant buyer interest, further supporting the bullish case.
Bitcoin price: latest news
Since the start of 2025, $BTC has been majorly influenced by fundamental news.
The anticipation surrounding President-elect Donald Trump’s upcoming inauguration has notably impacted the cryptocurrency sector. His administration is expected to adopt a pro-crypto stance, with key appointments of individuals like Paul Atkins and David Sacks, who are known for their favorable views on cryptocurrency.
Proposed executive orders to establish a national Bitcoin reserve and halt debunking practices signal a shift towards greater acceptance and integration of digital assets in the U.S. financial system.
Institutional interest in $BTC has surged, particularly from pension funds. Both Michigan and the State of Wisconsin Investment Board have made significant investments in regulated U.S. exchange-traded funds, such as BlackRock’s Bitcoin ETF and Grayscale’s Ethereum ETF.
This trend reflects growing confidence in Bitcoin as a legitimate financial asset, partly driven by expectations of supportive policies from the incoming administration.
In summary, Bitcoin’s forecast for today is bullish and it can hit the above-mentioned targets in the short-term. It is advisable to keep an eye on the latest news about Bitcoin’s price as it can help you make an informed investment decision.