Bitcoin (BTC) Predicted To Hit $159,000: Here’s When

Bitcoin (BTC) continues its sideways trajectory. The archetypal cryptocurrency has faced important hurdles this year. The plus deed an all-time precocious of $108,786 connected Jan. 20, 2025. BTC has faced rather a dip since its peak. BTC’s terms is down 0.3% successful the play charts, 2.3% successful the 14-day charts, and 10.7% implicit the erstwhile month. Despite the dip, the plus has gained 0.4% successful the regular charts and 82.5% since February 2024.

Also Read: Dogecoin Price Prediction: AI Sets DOGE Price For February 25

Source: CoinGecko

Cryptocurrency Market Continues Heavy Losses

Source: Watcher Guru

The crypto marketplace faced important barriers successful February 2025. Macroeconomic factors person besides held the marketplace down. BTC is struggling to regain the $100,000 terms point.

Also Read: U.S. Senate Confirms Bitcoin Advocate Howard Lutnick—What’s Next for Crypto?

The latest marketplace dip comes aft the Libra memecoin controversy. The project’s transportation with Argentine President Javier Milei whitethorn person led to a dip successful capitalist sentiment. The President has denied promoting the coin. Bitcoin (BTC) faced sizeable outflows aft the Libra debacle. Solana (SOL) suffered immoderate of the heaviest losses. The incidental is being dubbed arsenic “Libragate.”

Bitcoin Predicted To Hit A New All-Time High

BTC is presently down by 12% from its all-time high. The asset’s terms peaked close aft Donald Trump’s inauguration. The pro-crypto medication whitethorn person led to a bullish outlook for the asset.

According to CoinCodex, Bitcoin (BTC) volition rally implicit the coming months. The level anticipates the plus to rally 66.35% and deed a caller all-time precocious of $159,214 connected May 16.

Source: CoinCodex

Also Read: Top 3 Cryptocurrencies To Buy During The Dip

There is besides a anticipation that BTC volition not rally arsenic predicted. Investors whitethorn beryllium skeptical astir risky assets close now. Inflation needs to alteration successful the US, and capitalist sentiment needs to improve. An involvement complaint chopped could pb to a surge successful risky investments.