Bitcoin Price Could Test $99K Before a Year-End Surge, Says Market Expert
2025-07-06 06:26:56
Main Idea
Bitcoin's price is consolidating, with analysts predicting a potential breakout and discussing short-term price ranges and long-term cycle tops.
Key Points
1. Bitcoin's price is currently consolidating, with a potential breakout anticipated soon.
2. Analyst Ted Pillows noted that a 2020 government spending bill contributed to Bitcoin's record highs, drawing parallels to the current 2025 situation.
3. CryptoQuant’s Head of Research, Julio Moreno, forecasts Bitcoin trading between $87,000 and $99,000 in the short term, with $138,000 possible if demand strengthens.
4. Moreno suggests Bitcoin’s market cycle top could extend into 2026, indicating a prolonged bull market.
5. Historical patterns show Bitcoin often trades above its realized price in bull markets, but current buying activity needs to increase for sustained price growth.
Description
The post Bitcoin Price Could Test $99K Before a Year-End Surge, Says Market Expert appeared first on Coinpedia Fintech News Bitcoin’s price has been moving sideways in recent sessions, but a big breakout could be coming soon. Currently, the price is consolidating just under a major resistance trendline on the daily chart. This level has held firm for several days, creating tension in the market as traders await the next decisive move. Interestingly, analyst Ted Pillows pointed out that back in 2...
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