Bitcoin (BTC) Price Prediction 2025-2045: Saylor Projects BTC to Hit $3M-$49M
The price of Bitcoin has recently returned below $68,000, as it attempts to stage a recovery following a significant price dip in the last week.
Bitcoin’s price has recently dipped below the $68,000 mark as it attempts to stage a recovery following a significant price decline last week. While BTC attempts to find a support, popular American billionaire and Bitcoin maxi Michael Saylor has released a daring 21-year price prediction for the premier cryptocurrency.
As reported earlier by BTCManager, the US Republican Presidential candidate Donald Trump has recently restated his commitment to the crypto industry. If elected into office, Trump intends to make the US the “Bitcoin superpower” of the world. Furthermore, the recent developments in the crypto market also include a potential rise in the adoption of Bitcoin spot ETFs. The possible participation of traditional finance giants in this market could spell many gains for BTC in the coming years.
Bitcoin Price Analysis
At the time of writing, Bitcoin trades at $67,222 reflecting a loss of 1.37% in the last day. However, the crypto asset is also up by 10.12% on the monthly chart. With respect to price movement, BTC’s next major price resistance lies at the $71,000 price mark. If the token is unable to move past this zone, it is expected to retest at $65, 000.
Bitcoin’s price recently took a hit following the announcement by the Federal Reserve that it will begin discussing plans to reduce its pandemic-era stimulus measures. The news caused a sell-off in the stock and crypto markets, with Bitcoin’s price falling from around $71,000 to $68,000. However, the token has since recovered some of its losses and is now trading around $67,000.
Technical indicators suggest that BTC is facing resistance at the $71,000 level. The token has attempted to break past this zone on several occasions but has been met with selling pressure. If BTC is unable to move past this resistance level, it could retest support at $65,000 before another attempt at breaking $71,000.
On the other hand, a daily close above $71,000 could see BTC rise towards $75,000. The token is likely to face another round of selling pressure at this level, but if it manages to break through, it could rally towards $80,000.
The above is the detailed content of Bitcoin (BTC) Price Prediction 2025-2045: Saylor Projects BTC to Hit $3M-$49M. For more information, please follow other related articles on the PHP Chinese website!
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