Crypto
Cryptocurrency and Blockchain Market Share Report 2023-2030
Introduction:
“Cryptocurrency and Blockchain Market” Insights Report 2023 | Provides an in-depth analysis Based on Regions, Applications (Transaction, Investment, Others), and Types (Bitcoin, Ethereum, Ripple(XRP), Litecoin, Dashcoin, Others). The report presents the research and analysis provided within the Cryptocurrency and Blockchain Market Research is meant to benefit stakeholders, vendors, and other participants in the industry. The Cryptocurrency and Blockchain market is expected to grow annually by magnificent (CAGR 2023 – 2030).
Who is the largest manufacturers of Cryptocurrency and Blockchain Market worldwide?
- Intel Corporation
- Microsoft Corporation
- NVIDIA Corporation
- BitFury Group Limited
- Alphapoint Corporation
- Advanced Micro Devices
- Xilinx
- BitGo
- Ripple
- BTL Group Ltd.
Get a Sample PDF of report -https://www.360researchreports.com/enquiry/request-sample/20300194
Short Description About Cryptocurrency and Blockchain Market:
The Global Cryptocurrency and Blockchain market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Cryptocurrency and Blockchain. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2023-2030.
Cryptocurrency and Blockchain Market size is projected to reach Multimillion USD by 2030, In comparison to 2022, at unexpected CAGR during 2023-2030.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Cryptocurrency and Blockchain in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The report focuses on the Cryptocurrency and Blockchain market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Cryptocurrency and Blockchain market.
Get a Sample Copy of the Cryptocurrency and Blockchain Report 2023
What are the factors driving the growth of the Cryptocurrency and Blockchain Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Cryptocurrency and Blockchain
- Transaction
- Investment
- Others
What are the types of Cryptocurrency and Blockchain available in the Market?
Based on Product Types the Market is categorized into Below types that held the largest Cryptocurrency and Blockchain market share In 2023.
- Bitcoin
- Ethereum
- Ripple(XRP)
- Litecoin
- Dashcoin
- Others
Which regions are leading the Cryptocurrency and Blockchain Market?
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Inquire more and share questions if any before the purchase on this report at -https://www.360researchreports.com/enquiry/pre-order-enquiry/20300194
This Cryptocurrency and Blockchain Market Research/Analysis Report Contains Answers to your following Questions
- What are the global trends in the Cryptocurrency and Blockchain market? Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different types of products in Cryptocurrency and Blockchain? What are the upcoming industry applications and trends for Cryptocurrency and Blockchain market?
- What Are Projections of Global Cryptocurrency and Blockchain Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of Cryptocurrency and Blockchain? What are the raw materials used for Cryptocurrency and Blockchain manufacturing?
- How big is the opportunity for the Cryptocurrency and Blockchain market? How will the increasing adoption of Cryptocurrency and Blockchain for mining impact the growth rate of the overall market?
- How much is the global Cryptocurrency and Blockchain market worth? What was the value of the market In 2020?
- Who are the major players operating in the Cryptocurrency and Blockchain market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cryptocurrency and Blockchain Industry?
Cryptocurrency and Blockchain Market – Covid-19 Impact and Recovery Analysis:
We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Cryptocurrency and Blockchain market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Cryptocurrency and Blockchain industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.
Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we’re constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Cryptocurrency and Blockchain Industry.
TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET – REQUEST SAMPLE
Detailed TOC of Global Cryptocurrency and Blockchain Market Research Report, 2023-2030
1 Market Overview
1.1 Product Overview and Scope of Cryptocurrency and Blockchain
1.2 Classification of Cryptocurrency and Blockchain by Type
1.2.1 Overview: Global Cryptocurrency and Blockchain Market Size by Type: 2017 Versus 2021 Versus 2030
1.2.2 Global Cryptocurrency and Blockchain Revenue Market Share by Type in 2021
1.3 Global Cryptocurrency and Blockchain Market by Application
1.3.1 Overview: Global Cryptocurrency and Blockchain Market Size by Application: 2017 Versus 2021 Versus 2030
1.4 Global Cryptocurrency and Blockchain Market Size and Forecast
1.5 Global Cryptocurrency and Blockchain Market Size and Forecast by Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Cryptocurrency and Blockchain Market Drivers
1.6.2 Cryptocurrency and Blockchain Market Restraints
1.6.3 Cryptocurrency and Blockchain Trends Analysis
2 Company Profiles
2.1 Company
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Cryptocurrency and Blockchain Product and Solutions
2.1.4 Company Cryptocurrency and Blockchain Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2023)
2.1.5 Company Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Cryptocurrency and Blockchain Revenue and Share by Players (2019,2020,2021, and 2023)
3.2 Market Concentration Rate
3.2.1 Top3 Cryptocurrency and Blockchain Players Market Share in 2021
3.2.2 Top 10 Cryptocurrency and Blockchain Players Market Share in 2021
3.2.3 Market Competition Trend
3.3 Cryptocurrency and Blockchain Players Head Office, Products and Services Provided
3.4 Cryptocurrency and Blockchain Mergers and Acquisitions
3.5 Cryptocurrency and Blockchain New Entrants and Expansion Plans
4 Market Size Segment by Type
4.1 Global Cryptocurrency and Blockchain Revenue and Market Share by Type (2017-2023)
4.2 Global Cryptocurrency and Blockchain Market Forecast by Type (2023-2030)
5 Market Size Segment by Application
5.1 Global Cryptocurrency and Blockchain Revenue Market Share by Application (2017-2023)
5.2 Global Cryptocurrency and Blockchain Market Forecast by Application (2023-2030)
6 Regions by Country, by Type, and by Application
6.1 Cryptocurrency and Blockchain Revenue by Type (2017-2030)
6.2 Cryptocurrency and Blockchain Revenue by Application (2017-2030)
6.3 Cryptocurrency and Blockchain Market Size by Country
6.3.1 Cryptocurrency and Blockchain Revenue by Country (2017-2030)
6.3.2 United States Cryptocurrency and Blockchain Market Size and Forecast (2017-2030)
6.3.3 Canada Cryptocurrency and Blockchain Market Size and Forecast (2017-2030)
6.3.4 Mexico Cryptocurrency and Blockchain Market Size and Forecast (2017-2030)
7 Research Findings and Conclusion
8 Appendix
8.1 Methodology
8.2 Research Process and Data Source
8.3 Disclaimer
9 Research Methodology
10 Conclusion
Continued.
Purchase this report (Price 3660 USD for a single-user license) -https://www.360researchreports.com/purchase/20300194
About Us:
360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Research Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Cryptocurrency and Blockchain Market Share Report 2023-2030
COMTEX_439789117/2598/2023-09-08T15:28:41
Cryptocurrency exchange Coinbase said Tuesday (Jan. 14) that it is investigating a problem with delayed sends of Ripple (XRP) on its platform.
âWe are aware that some users may be experiencing delayed sends for Ripple (XRP),â Coinbase said in an incident report on its status page. âBuys, Sells and Fiat withdrawals/deposits are not affected. We are investigating this issue and will provide an update shortly.â
In an earlier, separate report on its status page, Coinbase said some users experienced delayed sends and receives for Stellar (XLM) on Friday (Jan. 10). That incident was resolved within 90 minutes.
On Thursday (Jan. 9), some users experienced latency or degraded performance with buys, sells, sends, Coinbase Onramp and Advanced Trade. That issue was resolved within two hours, according to the page.
In other, separate news about the company, it was reported Thursday (Jan. 9) that Coinbase told customers that it may have to share data demanded by the Commodity Futures Trading Commission (CFTC).
The regulator sent a subpoena to the firm that seeks information about Coinbase customersâ interactions with prediction market firm Polymarket, and Coinbase emailed some customers saying it may have to share that data with the CFTC.
âWhen we receive requests for information from a government, each request is carefully reviewed by a team of trained experts using established procedures to determine its legal sufficiency,â a Coinbase spokesperson told CoinDesk.
On Dec. 9, cryptocurrency payments solution firm Triple-A announced an integration with Coinbase that it said it designed to let Coinbase users make payments to select merchants in the Triple-A network.
âTriple-Aâs integration with Coinbase Commerce will empower merchants to offer a Coinbase-specific payment option, enhancing the convenience for Coinbase users and allowing Coinbase to connect with a wider network of merchants, to drive the broader adoption of cryptocurrency payments,â the company said in a press release.
Coinbase upgraded its Coinbase One subscription program and launched a new tier called Coinbase One Premium on Dec. 4, saying that with these new offerings, âCoinbase One now truly benefits all types of traders.â
Coinbase One membership has reached 600,000 across 42 countries, the company added.
Stay Ahead of the Market:
An update from Axiom Capital Advisors, Inc. ( (TSE:WHIP) ) is now available.
Credissential Inc. announced a new Cryptocurrency Acquisition Policy aimed at enhancing shareholder value by purchasing digital assets like XRP and XLM. This move aligns with the companyâs cryptocurrency initiatives and allows investors exposure to the growing digital asset market. The policy is also seen as a strategy to navigate inflationary pressures while diversifying the companyâs treasury holdings, indicating a proactive approach to adapting to market trends and delivering long-term shareholder value.
More about Axiom Capital Advisors, Inc.
Credissential Inc. is a vertically integrated AI software development company focusing on advancing financial technology solutions. The company is committed to developing innovative products such as Antenna, a payment platform enhanced with AI and quantum encryption technologies, and DealerFlow, an AI-driven dealer management system designed to streamline operations and enhance efficiency.
YTD Price Performance: -6.45%
Average Trading Volume: 298,973
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.17M
Find detailed analytics on WHIP stock on TipRanksâ Stock Analysis page.
Bitcoin’s
price (BTC) is making significant gains on Tuesday, January 14, 2025, adding
over $2,000 to its value. However, Monday saw the market shaken, with the price
briefly dropping to a two-month low below the critical $90,000 psychological
level.
In this
article, I review what triggered the sudden drop, why the Bitcoin price is
going up today, and how to interpret the bullish pin bar above the 50-day
exponential moving averageâa potentially strong buy signal.
On Tuesday,
Bitcoin is trading above $97,000 on Binance, marking its highest value in a
week. The cryptocurrency is currently up 2.7%, with altcoins following suit.
Ethereum (ETH) has gained 4.9% over the past 24 hours, reaching
$3,200, while XRP, the third-largest cryptocurrency by market cap, has
risen 7% to $2.56.
As shown in Bitcoin price is currently inside a consolidation. Source: Tradingview.com
the chart below, Bitcoin’s price remains in a consolidation phase that has been
in place since November, with the lower boundary near $92,000 and the upper
limit at its previous high of $98,000.
However,
Monday painted a less optimistic picture as
Bitcoin briefly dipped to just $89,398, causing significant panic and
confusion among retail investors.
The
temporary panic was also evident in the derivatives market: within four days,
investors pulled $1.6 billion from cryptocurrency exchange-traded funds (ETFs),
marking one of the longest selling streaks in recent times.
Over the Source: Coinglass.com
past 24 hours, both bulls and bears have incurred losses. Approximately $500
million in leveraged positions were liquidated across the market, with nearly
equal distribution between long and short positions. Bitcoin accounted for over
20% of this activity, with $44 million liquidated from long positions and $72
million from shorts.
Analysts
attribute the recent decline in Bitcoin and the broader cryptocurrency market
to two primary factors: so-called âTrump Tradeâ and monetary policy.
Why Bitcoin Fell? Fed
Policy and Market Uncertainty Shake BTC Price
The
cryptocurrency market’s downturn is primarily driven by shifting expectations
about Federal Reserve (Fed) interest rate policies. Strong economic indicators
have led investors to anticipate a longer period of higher interest rates. The
robust U.S. job market, with 256,000 new nonfarm payrolls and a 4.1%
unemployment rate, has particularly influenced this outlook.
According The chances that the Fed will lower rates this month are almost zero. Source: CME
to the CMEâs FedWatch tool, the probability of a rate cut at the next meeting,
scheduled for January 29, is just 2.7%. The market is currently pricing in a
stronger likelihood (around 40%) of a cut to the 4.00â4.25% range in the second
half of the year. Earlier expectations were for a more aggressive path of rate
cuts, which was expected to fuel risk assets such as cryptocurrencies and
stocks.
Moreover, the
initial euphoria surrounding Trump’s pro-crypto stance has given way to more
cautious market sentiment. While Trump’s upcoming presidency promised to make
the U.S. the “crypto capital of the world,” investors are now
focusing on immediate economic realities rather than future policy promises.
The
cryptocurrency decline isn’t occurring in isolation. The selloff in Treasury
markets has created a ripple effect across various asset classes, affecting
both crypto and traditional markets. This broader market reaction demonstrates
Bitcoin’s increasing correlation with conventional risk assets.
Will Bitcoin Keep Going
Up? BTC Price Prediction and Technical Analysis
The
candlestick I want to highlight in the technical analysis of Bitcoin ‘s price
chart may seem modest and even barely noticeable. However, in my view, it
carries significant strength and buying potential. This is a bullish pin bar
(or doji candle) with an almost invisible body and a very long lower wick,
indicating that bears were in control but had to concede to bulls by the
session’s close.
What
does the chart show?
- The bullish
pin bar tested the 50 EMA and two critical support levels: $92,000 and $90,000. - All three
levels held, and the price responded with an immediate increase the following
day. - This strong
bullish signal confirmed the lower boundary of the consolidation range,
signaling that buyers are likely to actively defend the green-marked support
zone.
Bitcoin technical analysis: BTC price chart drew a bullish pin bar candle. Source: Tradingview.com
While
Bitcoin remains in consolidation, this reaction suggests, from a purely
technical standpoint, the potential for a move towards $103,000 (the 2025
highs) and ultimately $108,000, the all-time high (ATH) to date.
Bitcoin Price Key Support
and Resistance Levels
|
Support |
Resistance |
|
$90,000 â psychological round |
$100,000 â psychological round |
|
$92,000 â local lows tested in |
$103,000 â highs from 2025 |
|
50 EMA â currently at $94,482 |
$108,000 â current ATH |
Breaking
above the current all-time high is a necessary condition for considering
ambitious forecasts for 2025 and beyond. Some of these projections are
truly bold.
Bitcoin Price Prediction:
Will BTC Reach $1 Million?
Late last
year, I explored the question, “Will
Bitcoin hit $1 million?” According to Jeff Park, Head of Alpha
Strategies at Bitwise Asset Management, this could be possible if the U.S.
government were to adopt a Bitcoin reserve strategy. However, he currently
assigns only a 10% probability to this scenario.
Arthur
Hayes, the Founder of the cryptocurrency exchange BitMEX, has frequently
mentioned such ambitious levels as $1 million. Last week, he appeared as a guest on
Tom Bilyeu’s show, where he discussed the current state of the
cryptocurrency market during a nearly two-hour interview. Hayes suggested that
Bitcoin is gradually heading toward seven-figure valuations and could
potentially reach them within the next five years.
âItâs the bull market. When the music is playing you gotta $DANCE.â ~ Arthur Hayes x Tom Bilyeu#crypto #dance #memecoin #solana #bullrun pic.twitter.com/g9MdkEtIZe
â DANCE MEMECOIN đ€© (@dancememecoin) January 7, 2025
“Bitcoin
has already survived for 15 years. This makes investors start to believe that
it can last for decades to come.” â Hayes commented. âBTC will be here for
the next 15, 20, 100 years. I think it will be a store of value. I can use it
to pay for things I need, so I’m going to take 2%, 3%, 4%, 5%, 10% of my
retirement income or savings and start buying that asset now.â
Other
experts, including VanEck analysts, predict more down to earth numbers. Month
ago, they
forecasted that Bitcoin price could reach $180,000 in 2025.
JUST IN: $118 billion VanEck predicts $180,000 #Bitcoin and the U.S. will embrace a Strategic BTC Reserve in 2025 đșđž pic.twitter.com/s7lnNgkyhn
â Bitcoin Magazine (@BitcoinMagazine) December 13, 2024
Bitcoin Price, FAQ
Why Is the Price of
Bitcoin Going Up?
Bitcoin’s
price is rising due to a strong bullish pin bar forming above critical support
levels, signaling strong buying activity. Market sentiment improved as Bitcoin
rebounded from a two-month low of $89,398 to trade above $97,000. This movement
reflects consolidation within the $92,000â$98,000 range, supported by technical
indicators and broader market optimism.
Will Bitcoin Rise Again?
Bitcoin’s
price is expected to rise further based on technical analysis. If it breaks
through key resistance at $103,000, it could test the all-time high of
$108,000. Long-term projections remain optimistic, with some experts predicting
significant gains by 2025, assuming market conditions remain favorable.
Why Is Bitcoin So Valuable
Today?
Bitcoin’s
value stems from its status as a decentralized digital asset with limited
supply, serving as a hedge against inflation and a potential store of value.
Its increasing adoption, network security, and potential as a global reserve
asset contribute to its high valuation.
Why Did Bitcoin Fall
Recently?
Bitcoin’s
recent decline was driven by market reactions to expectations of prolonged
higher interest rates from the Federal Reserve. Strong U.S. economic data
reduced the likelihood of rate cuts, pressuring risk assets like
cryptocurrencies. Additionally, shifting sentiment around pro-crypto policies
under the upcoming U.S. administration added to market uncertainty.
How Much Will Bitcoin Cost
in 2025?
Bitcoin’s
2025 price predictions vary widely. Analysts forecast potential highs ranging
from $180,000 (VanEck) to over $1 million (Arthur Hayes), depending on adoption
trends, macroeconomic conditions, and regulatory developments. A more
conservative estimate places Bitcoin at $180,000, reflecting steady growth
without speculative excess.
Bitcoin’s
price (BTC) is making significant gains on Tuesday, January 14, 2025, adding
over $2,000 to its value. However, Monday saw the market shaken, with the price
briefly dropping to a two-month low below the critical $90,000 psychological
level.
In this
article, I review what triggered the sudden drop, why the Bitcoin price is
going up today, and how to interpret the bullish pin bar above the 50-day
exponential moving averageâa potentially strong buy signal.
On Tuesday,
Bitcoin is trading above $97,000 on Binance, marking its highest value in a
week. The cryptocurrency is currently up 2.7%, with altcoins following suit.
Ethereum (ETH) has gained 4.9% over the past 24 hours, reaching
$3,200, while XRP, the third-largest cryptocurrency by market cap, has
risen 7% to $2.56.
As shown in Bitcoin price is currently inside a consolidation. Source: Tradingview.com
the chart below, Bitcoin’s price remains in a consolidation phase that has been
in place since November, with the lower boundary near $92,000 and the upper
limit at its previous high of $98,000.
However,
Monday painted a less optimistic picture as
Bitcoin briefly dipped to just $89,398, causing significant panic and
confusion among retail investors.
The
temporary panic was also evident in the derivatives market: within four days,
investors pulled $1.6 billion from cryptocurrency exchange-traded funds (ETFs),
marking one of the longest selling streaks in recent times.
Over the Source: Coinglass.com
past 24 hours, both bulls and bears have incurred losses. Approximately $500
million in leveraged positions were liquidated across the market, with nearly
equal distribution between long and short positions. Bitcoin accounted for over
20% of this activity, with $44 million liquidated from long positions and $72
million from shorts.
Analysts
attribute the recent decline in Bitcoin and the broader cryptocurrency market
to two primary factors: so-called âTrump Tradeâ and monetary policy.
Why Bitcoin Fell? Fed
Policy and Market Uncertainty Shake BTC Price
The
cryptocurrency market’s downturn is primarily driven by shifting expectations
about Federal Reserve (Fed) interest rate policies. Strong economic indicators
have led investors to anticipate a longer period of higher interest rates. The
robust U.S. job market, with 256,000 new nonfarm payrolls and a 4.1%
unemployment rate, has particularly influenced this outlook.
According
to the CMEâs FedWatch tool, the probability of a rate cut at the next meeting,
scheduled for January 29, is just 2.7%. The market is currently pricing in a
stronger likelihood (around 40%) of a cut to the 4.00â4.25% range in the second
half of the year. Earlier expectations were for a more aggressive path of rate
cuts, which was expected to fuel risk assets such as cryptocurrencies and
stocks.
The chances that the Fed will lower rates this month are almost zero. Source: CME
Moreover, the
initial euphoria surrounding Trump’s pro-crypto stance has given way to more
cautious market sentiment. While Trump’s upcoming presidency promised to make
the U.S. the “crypto capital of the world,” investors are now
focusing on immediate economic realities rather than future policy promises.
The
cryptocurrency decline isn’t occurring in isolation. The selloff in Treasury
markets has created a ripple effect across various asset classes, affecting
both crypto and traditional markets. This broader market reaction demonstrates
Bitcoin’s increasing correlation with conventional risk assets.
Will Bitcoin Keep Going
Up? BTC Price Prediction and Technical Analysis
The
candlestick I want to highlight in the technical analysis of Bitcoin ‘s price
chart may seem modest and even barely noticeable. However, in my view, it
carries significant strength and buying potential. This is a bullish pin bar
(or doji candle) with an almost invisible body and a very long lower wick,
indicating that bears were in control but had to concede to bulls by the
session’s close.
What
does the chart show?
- The bullish
pin bar tested the 50 EMA and two critical support levels: $92,000 and $90,000. - All three
levels held, and the price responded with an immediate increase the following
day. - This strong
bullish signal confirmed the lower boundary of the consolidation range,
signaling that buyers are likely to actively defend the green-marked support
zone.
Bitcoin technical analysis: BTC price chart drew a bullish pin bar candle. Source: Tradingview.com
While
Bitcoin remains in consolidation, this reaction suggests, from a purely
technical standpoint, the potential for a move towards $103,000 (the 2025
highs) and ultimately $108,000, the all-time high (ATH) to date.
Bitcoin Price Key Support
and Resistance Levels
|
Support |
Resistance |
|
$90,000 â psychological round |
$100,000 â psychological round |
|
$92,000 â local lows tested in |
$103,000 â highs from 2025 |
|
50 EMA â currently at $94,482 |
$108,000 â current ATH |
Breaking
above the current all-time high is a necessary condition for considering
ambitious forecasts for 2025 and beyond. Some of these projections are
truly bold.
Bitcoin Price Prediction:
Will BTC Reach $1 Million?
Late last
year, I explored the question, “Will
Bitcoin hit $1 million?” According to Jeff Park, Head of Alpha
Strategies at Bitwise Asset Management, this could be possible if the U.S.
government were to adopt a Bitcoin reserve strategy. However, he currently
assigns only a 10% probability to this scenario.
Arthur
Hayes, the Founder of the cryptocurrency exchange BitMEX, has frequently
mentioned such ambitious levels as $1 million. Last week, he appeared as a guest on
Tom Bilyeu’s show, where he discussed the current state of the
cryptocurrency market during a nearly two-hour interview. Hayes suggested that
Bitcoin is gradually heading toward seven-figure valuations and could
potentially reach them within the next five years.
âItâs the bull market. When the music is playing you gotta $DANCE.â ~ Arthur Hayes x Tom Bilyeu#crypto #dance #memecoin #solana #bullrun pic.twitter.com/g9MdkEtIZe
â DANCE MEMECOIN đ€© (@dancememecoin) January 7, 2025
“Bitcoin
has already survived for 15 years. This makes investors start to believe that
it can last for decades to come.” â Hayes commented. âBTC will be here for
the next 15, 20, 100 years. I think it will be a store of value. I can use it
to pay for things I need, so I’m going to take 2%, 3%, 4%, 5%, 10% of my
retirement income or savings and start buying that asset now.â
Other
experts, including VanEck analysts, predict more down to earth numbers. Month
ago, they
forecasted that Bitcoin price could reach $180,000 in 2025.
JUST IN: $118 billion VanEck predicts $180,000 #Bitcoin and the U.S. will embrace a Strategic BTC Reserve in 2025 đșđž pic.twitter.com/s7lnNgkyhn
â Bitcoin Magazine (@BitcoinMagazine) December 13, 2024
Bitcoin Price, FAQ
Why Is the Price of
Bitcoin Going Up?
Bitcoin’s
price is rising due to a strong bullish pin bar forming above critical support
levels, signaling strong buying activity. Market sentiment improved as Bitcoin
rebounded from a two-month low of $89,398 to trade above $97,000. This movement
reflects consolidation within the $92,000â$98,000 range, supported by technical
indicators and broader market optimism.
Will Bitcoin Rise Again?
Bitcoin’s
price is expected to rise further based on technical analysis. If it breaks
through key resistance at $103,000, it could test the all-time high of
$108,000. Long-term projections remain optimistic, with some experts predicting
significant gains by 2025, assuming market conditions remain favorable.
Why Is Bitcoin So Valuable
Today?
Bitcoin’s
value stems from its status as a decentralized digital asset with limited
supply, serving as a hedge against inflation and a potential store of value.
Its increasing adoption, network security, and potential as a global reserve
asset contribute to its high valuation.
Why Did Bitcoin Fall
Recently?
Bitcoin’s
recent decline was driven by market reactions to expectations of prolonged
higher interest rates from the Federal Reserve. Strong U.S. economic data
reduced the likelihood of rate cuts, pressuring risk assets like
cryptocurrencies. Additionally, shifting sentiment around pro-crypto policies
under the upcoming U.S. administration added to market uncertainty.
How Much Will Bitcoin Cost
in 2025?
Bitcoin’s
2025 price predictions vary widely. Analysts forecast potential highs ranging
from $180,000 (VanEck) to over $1 million (Arthur Hayes), depending on adoption
trends, macroeconomic conditions, and regulatory developments. A more
conservative estimate places Bitcoin at $180,000, reflecting steady growth
without speculative excess.
South Carolina Democrat Proposes Income Tax Elimination – FITSNews
Safety measures for ice fishermen following incidents in northeast South Dakota
Injury Report: Tennessee's Cade Phillips 'getting his chippiness back' despite shoulder injury
North Texas band to participate in Presidential Inaugural Parade
Kirby Dach scores twice as Canadiens beat Utah 5-3
Colorado Rockies game no. 116 thread: Zac Gallen vs José Ureña
Why Marjorie Taylor Greene was ‘kicked out’ of the Freedom Caucus according to Rep. Buck
See it: Tesla crashes into Columbus convention center at 70 mph
Fox News Politics: Georgia the whole day through
Death of missing Oregon girl found in stream ruled homicide
Video: Fires Continue to Burn One Week Later in California
Biden says he's been carrying out âmost aggressive climate agendaâ in history as he designates CA monuments
Looking for a job in IT? These countries are desperate for new hires
SEC sues Elon Musk, says he didn't disclose Twitter ownership on time before purchase
Palisades and Eaton Fires May Not Be Fully Extinguished for Weeks
-
Health1 week agoOzempic âmicrodosingâ is the new weight-loss trend: Should you try it?
-
/cdn.vox-cdn.com/uploads/chorus_asset/file/25822586/STK169_ZUCKERBERG_MAGA_STKS491_CVIRGINIA_A.jpg "Meta is highlighting a splintering global approach to online speech")
Technology6 days agoMeta is highlighting a splintering global approach to online speech
-
Science3 days agoMetro will offer free rides in L.A. through Sunday due to fires
-
/cdn.vox-cdn.com/uploads/chorus_asset/file/25821992/videoframe_720397.png "Las Vegas police release ChatGPT logs from the suspect in the Cybertruck explosion")
Technology1 week agoLas Vegas police release ChatGPT logs from the suspect in the Cybertruck explosion
-
Movie Reviews1 week agoâHow to Make Millions Before Grandma Diesâ Review: Thai Oscar Entry Is a Disarmingly Sentimental Tear-Jerker
-
Health1 week agoMichael J. Fox honored with Presidential Medal of Freedom for Parkinsonâs research efforts
-
Movie Reviews1 week agoMovie Review: Millennials try to buy-in or opt-out of the âAmerican Meltdownâ
-
News1 week agoPhotos: Pacific Palisades Wildfire Engulfs Homes in an L.A. Neighborhood