Matrixport report suggests a potential breakout for Bitcoin price in the New Year. Meanwhile, a senior expert predicts that BTC will fall to $ 78,000. BTC has recently lost around 2 per cent in value, causing investors’ concerns.
Will the Bitcoin price come back stronger in this new year?
Research firm Matrixport recently predicts a possible New Year breakout for the Bitcoin price. In this regard, it emphasised historical trends. The firm pointed to BTC’s strong rally in recent months and the consolidation phase that followed. In particular, Matrixport noted that Bitcoin’s Futures Open Interest increased by 50%, from $18 billion in October to $29 billion in December. During this time, the funding rate also increased significantly, reaching 80%. Historically, such rapid increases in positions were followed by periods of consolidation before the uptrend began.
‘Bitcoin is currently digesting the euphoria of the past few weeks,’ Matrixport said. They also emphasised that low trading volumes during the holiday season would signal a temporary pause rather than a reversal. As 2025 approaches, traders predict that renewed market activity will lift the price of Bitcoin. This has also fuelled speculation of a potential rally for top altcoins. Bitcoin’s decline has overshadowed its recent gains. However, many see it as part of the market’s natural cycle. Matrixport, in other words, suggests that there will be new entries in the new year and the rally may reignite.
Is the BTC rally ahead?
As you have been following from Kriptokoin.com, Bitcoin price entered a downward trajectory today. BTC fell about 2% to $91,950 today. Meanwhile, trading volume surged 78% to $39.55 billion. BTC has witnessed a monthly price decline of about 4%. However, despite the recent drop, the Bitcoin Futures Open Interest remained close to the flat line. This signalled a bullish momentum ahead for the crypto. In addition, CoinGlass’ historical data shows that Bitcoin price usually tends to rise in the first quarter of the year. In this regard, BTC rose 69% and 71% in 2024 and 2023, respectively. However, the market expects a potential breakout ahead for the crypto.
Despite the optimism, some experts remain wary of short-term pullbacks in Bitcoin price. Analyst Peter Brandt recently predicted that BTC would probably fall as low as $78,000. This sparked controversy in the market. However, in another recent post, Brandt predicted that BTC will reach $ 108,000 again in the coming days. This reflects his growing confidence in crypto. Meanwhile, despite short-term concerns, the long-term outlook for the bull crypto coin still remained strong. Some Bitcoin price analyses highlighted the fundamental reasons that will trigger a major rally for crypto in January.
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