Bitcoin (BTC) is currently trading around $108,115 today, showing a slight dip of 0.79%. The trading volume over the last 24 hours dropped to $40.22 billion, down 14.68%. Despite this, the weekly price remains stable, rising marginally by 0.7% from last week’s $108,119.34.
This sideways movement reflects a market waiting for stronger signals before making big moves. Traders appear cautious, watching key levels closely as BTC flirts near $110,000. Market watchers say this quiet phase could be a build-up to something bigger.
The current range between $100,000 and $112,000 acts like a pressure cooker. Investors are waiting for Bitcoin to either break out or drop below the established support. Until then, sideways trading will likely dominate. It’s a time for careful strategy, not bold bets.
Medium-Term BTC Trends Show Upward Movement
According to crypto analysts CoinCodeCap Trading, Bitcoin is nearing a new all-time high (ATH). Bitcoin has bounced between $100,000 to $112,000. Analysts believe once BTC breaks through $112,000 it will go effortlessly to $120,000. Range traders for now buy at $100,000 and sell at $112,000. Trend traders expect a clear breakout before they buy or sell on it. Important support is around $90,000 and $100,000, and resistance is solid around $112,000 and beyond.
The outlook for trends is bullish on all time frames. Short-term trends are steeply rising. Medium-term trends are rising, and long-term trends are also strongly bullish. This combination dictates confidence but also sparks caution because traders desire confirmation before propelling prices further upward.
Long-Term Bitcoin Outlook Remains Bullish
Looking ahead, DigitalCoinPrice predicts Bitcoin will surpass $237,000 by the end of 2025. The forecast notes a potential drop below $90,000 before this rally. However, BTC should break past its previous ATH near $112,000 and rise steadily toward $223,000–$237,000. Experts expect Bitcoin to hold firm and continue climbing over the next few years.
Changelly’s 2025 prediction is no different in sentiment, predicting a trading range of $100,000 to $120,800, averaging $141,600. BTC could average $125,500 by mid-year 2025 by July 2025. Such predictions will translate to a healthy return on investment of not less than 11.8% to over 30% achievable by July 2025. Long-term prospects are promising for investors in Bitcoin irrespective of short-term fluctuations and rises.
