Bitcoin Price Prediction: Is This the Turning Point for BTC?

Bitcoin Price Prediction 2025 hints at a surge to $125,000

• Bitcoin saw a downside correction from its recent peak of $73,835 against the US Dollar.

• Bitcoin price continued its decline below both the $65,000 level and the 38.20% Fibonacci retracement level.

• On the daily chart, $BTC price dropped below both the $62,000 support and the 50% Fibonacci retracement level.

• A "valid" bearish divergence formation is evident in the Bitcoin daily chart.

• Bitcoin ETF outflows surged for the second consecutive day, indicating a decline in investor confidence ahead of the #FOMC meeting.

• Bullish momentum is anticipated if #Bitcoin holds above the $60,000 support level, with a target to challenge the upper resistance at $68,500.

• Failure of bullish recovery may result in a drop below the $60,000 support, with bears potentially pushing the price down to test $55,500 next week.

• The key question looming is whether bears will persist in driving $BTC prices lower.

• According to Coin Gabbar analysis, Bitcoin #Price Prediction 2030 foresees a climb to $250,000, while Bitcoin Price Prediction 2040 foresees a rise to $500,000.

KEY LEVELS :

RESISTANCE LEVEL : $62,300-$63,400

SUPPORT LEVEL : $60,700-$59,000

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