The Bitcoin market is rebounding from year-end lows, with analysts sharing positive predictions for 2025. Currently, Bitcoin is gradually climbing back, recently hovering near the $98,000 mark after dropping below it for several days.
Analyst Rekt Capital points to Bitcoin's "Parabolic Upside Phase" ending, with a correction phase likely winding down. This phase occurs after each Halving event, traditionally involving a 25% pullback, though recent trends show smaller corrections.
Daan, a crypto trader, notes ample liquidity being built around the $100K level. A break beyond $98,000 could propel Bitcoin toward new highs, with ETH being a competitor in this rally.
The market's Q1 performance is anticipated to be "pretty positive," with both BTC and ETH expected to perform well. Bitcoin's current price is $97,071, demonstrating a 1% increase over the weekly period.
