Bitcoin has struggled to reclaim the $100,000 mark, reflecting some hesitation in the market. Despite this, there's growing optimism for significant gains by 2025, as bullish sentiment strengthens.
Short-term holders are sitting on unrealized gains with Bitcoin near $94,170. This cautious optimism suggests these investors may hold their positions, especially since Bitcoin is nearing critical resistance levels.
Analyst forecasts predict a rise to $112,000 soon, with potential surges beyond $120,000. The resilience Bitcoin shows at critical support levels fuels this optimism.
Risks remain, as any decision by short-term holders to sell could lead to significant retracements, challenging the bullish momentum.
