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Bitcoin's price may trade between $73,000 and $94,000 this year

Bitcoin's price may trade between $73,000 and $94,000 this year

GrafaGrafa2025/04/17 04:30
By:Mahathir Bayena

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.

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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.

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