Traders expect Bitcoin bull run in 2025

Quick Summary:

Traders are expressing optimism that Bitcoin could nearly double the current price of $98,000 to hit $180,000 if the Federal Reserve continues to cut US interest rates next year and demand from institutional investors increases significantly.

For the Bitcoin price trend in 2025, if the price breaks through $100,000, Cryptomind sees the next resistance at $115,000.

The current price increase was spurred by Trump's victory in the US presidential election as he has generally supported Bitcoin, he said.

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Category: EconomyBusiness

Markets: Thailand

Topics: Bitcoin Trump Rates Cryptomind Advisory Year Factors Investors Peerapat Price Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 05:57:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23808569

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Publisher ID: #66

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