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The price of Bitcoin is staying high right now, boosted by the recent trade deal and establishing a new support level.
The price of Bitcoin (BTC) is staying high right now, boosted by the recent trade deal and establishing a new support level.
Bitcoin is nearing its all-time high now and has stabilized above $100K, which positions it perfectly to climb higher in the rest of the week. Over the last seven days, Bitcoin has gained 6.78%. Its momentum has slowed down considerably in the last few days, but it is also not retreating.
For Bitcoin to remain high, staying above that crucial $100K level, is important for its ability to set a new record high and to reach the predicted highs for 2025 that many analysts have been expecting. Could this be the year that Bitcoin finally hits $150K?
Bitcoin Price Prediction
It looks like Bitcoin has established a new support level much higher than before. The coin had experienced severe hindrances to hitting $100K through much for 2025, and now it is staying above that level without any issue. Because of its strong performance over the last few days and the boost the coin is getting from the new U.S.-China trade deal, we can expect Bitcoin to climb much higher throughout the rest of the year.
We could easily see a new record high for the coin by the end of the month, and right now a climb to $150K later this year does not seem impossible. A few factors will have to work in favor of Bitcoin, though. There will need to be fewer tariff changes taking place, as those tariffs early on in 2025 have held the coin back.
Bitcoin will also benefit if there are more interest rate cuts, since it jumped at every rate cut last year. The coin will benefit from a new regulatory framework for cryptocurrency that is more lenient and offers more freedom for the market. This may come later on in 2025, as Trump positioned himself as the crypto President when he was running for election.
If all of these factors can work in Bitcoin’s favor this year, then the coin should have no problem hitting $150K before the year is up.
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