Key Insights
- Bitcoin has been showing increasing demand over the last week.
- Its indicators are a mix of bullish and bearish signals, but the bulls appear to be overpowering the bears.
- Metrics like miner outflows and exchange inflows show an increase in HODLing sentiment.
- The Coinbase premium index is breaking into positive levels, indicating that a bull run could be incoming.
Bitcoin’s price now has been incredibly resilient this past week with a 6% price increase.
The cryptocurrency has shown strong demand on lower and even higher price levels, with a current price of $98,000 as of writing.
This shift in market dynamics and investor sentiment has made its incoming break above the $100,000 mark a hot topic so far.
Here are some of the factors driving this momentum, as well as Bitcoin’s price prediction for 2025.
A Look at Investor Behavior
The recent on and off-chain data appears mixed between the bulls and the bears.
For example, the outflows from the Bitcoin spot ETF market came in at a discouraging $242.3 million.
However, this trend reversed significantly on 3 January with impressive inflows of $908.1 million, according to Farside Investors.
This impressive rebound on the ETF market shows that investors are loading up on Bitcoin, and may even be expecting a break above the $100,000 mark.
On-chain data from CryptoQuant even shows this outlook, with Bitcoin exchange inflows dropping in December, from the 99,000 BTC peak in November 2024.
For some context, Bitcoin’s exchange outflows represent the total amount of Bitcoin transferred (and are likely to be sold) on exchanges.
On the other end, miner outflows also show a promising slowdown, after peaking at 25,000 Bitcoin in November.
All of the above show a reduction in selling pressure, and make the $100,000 mark look very attainable indeed.
Bitcoin Price Prediction 2025
So far, Bitcoin’s price in 2025 has turned bullish—especially after its break above its 25-day moving average on 2 January.
The cryptocurrency is also above most of its major moving averages, which shows that the selling pressure is lightening up.
Its position around the $98,000 price level also means that the next resistance is psychological, and sits around $100,000.
If this price level breaks, BTC/USDT could surge upwards some more to its all-time high of $108,353, or even further up to $115,000.
Investors must be aware though, that the Sellers are guarding this price level aggressively.
At the end of it all, likely price targets include $108,000, $112,000, $115,000 and even as far up as $126,706.
On the flip side, if Bitcoin fails to sustain its hold above the $100,000 price level and falls once again below its 25-day SMA—we might see a short-term consolidation phase, where Bitcoin fluctuates between $90,000 and $100,000.
Overall, analysts from all over the market have provided Bitcoin price predictions for 2025 between the $150,000 and $300,000 price targets.
Short-Term Indicators
On the 4-hour chart, the 20-exponential moving average is currently in an uptrend, while the RSI sits at 62.15.
The cryptocurrency is trading above this 20-EMA and the bulls are focused on clearing the $100,000 price level.
On the 4-hour timeframe, a successful break above $100,000 could push the price to $102,800, followed by $105,350.
However, a break below this moving average could signal a weaker bullish momentum and even drag the pair down below the $90,000 price level.
What’s Happening On-chain?
The Coinbase premium index, which measures the buying and selling pressure on Coinbase compared to Binance is showing something interesting.
According to Coinglass, this metric, which has traded at extreme negative levels since 18 December, is approaching the zero level.
This shows that US investors are becoming more interested, and a break into the positive territory could indicate that a strong bullish rally could be incoming.
At the end of the day, Bitcoin’s ability to break above $100,000 will depend strongly on a combination of these factors.