Bitcoin's price may trade between $73,000 and $94,000 this year
Bitcoin’s (CRYPTO:BTC) price is expected to continue fluctuating within a wide range, with some analysts warning that the recent rally may not signal a sustained bull market.
Markus Thielen, head of research at 10x Research, noted in a recent market report that short-term indicators suggest a more bearish environment despite the broader optimism in the crypto community.
Thielen pointed to Bitcoin’s stochastic oscillator, a momentum indicator, which currently shows patterns typical of a market top or late-cycle phase rather than the start of a new bull run.
“As a result, short-term signals are not aligning with longer-term indicators, highlighting the disconnect in the market outlook,” he said.
Thielen emphasised that Bitcoin is no longer a “parabolic ‘Long-Only’ retail-driven market” and now requires “a more sophisticated, finance-oriented approach.”
He added that the rally over the past year has been driven less by speculative retail traders and more by long-term holders using Bitcoin for diversification and adopting a buy-and-hold strategy.
Over the past 12 months, Bitcoin has gained approximately 32.8% and is currently trading around $83,810.
Thielen also compared the current market to 2024, when Bitcoin reached a high near $73,679 before entering a prolonged consolidation phase lasting several months.
He suggested Bitcoin might again trade within a broad range, estimating between $73,000 and $94,000, with a slight upward bias.
Meanwhile, some analysts remain optimistic about new all-time highs by mid-2025.
"There is more than 50% chance we will see all-time highs before the end of June this year,” Swan Bitcoin CEO Cory Klippsten said.
“It is entirely possible Bitcoin could reach a new all-time high before June,” Bitcoin network economist Timothy Peterson also said.
“The market may be underestimating how quickly Bitcoin could surge – potentially hitting new all-time highs before Q2 is out,” Real Vision chief crypto analyst Jamie Coutts added.
At the time of reporting, the Bitcoin (BTC) price was $84,070.66.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TRUMPMEME: Trump's "TRUMP DINNER" dinner will be held in Washington on May 22
TRUMP briefly breaks through $16
Ethereum Mainnet to Execute Pectra Upgrade on May 7
A whale bought more than 400,000 TRUMPs after the "TRUMP Dinner" news was released
Trending news
MoreCrypto prices
More








