Bitcoin (BTC) Price Prediction 2024-2025

The crypto markets in 2024 have been turbulent, leading many to question if a significant crash is looming. Some fear a major Bitcoin[BTC] downturn, but analyst Michael van de Poppe firmly disagrees.

Despite the fears circulating in the crypto community, several key indicators suggest that Bitcoin (BTC) is unlikely to experience a major crash in 2024. Here's a closer look at the evidence:

1. Normal Retracement in Current Market Conditions

Despite Bitcoin’s 36% correction, bringing its price to around $54K, analyst Michael van de Poppe argues that this is a normal retracement in the current market. He counters the fears surrounding a “big crash,” arguing that a deeper analysis reveals promising signs for a potential recovery.

2. Comparison of Sep 2023 to Sep 2024 Shows Potential Recovery

A closer examination of the retail trader behavior from September 2023 to September 2024 reveals a possible setup for Bitcoin to bounce back in Q4 2024, as observed in previous years.

3. 72% of Retail Long Positions Intact, Indicating Bullish Sentiment

An analysis of retail trader behavior shows that 72% of retail long positions on Bitcoin are still open. This indicates bullish sentiment among retail traders despite the recent price consolidation.

4. True Retail Longs Contradict Idea of Imminent Crash

This trend counters the idea of an imminent crash, as retail traders are holding onto their long positions, suggesting confidence in Bitcoin’s future price recovery.

5. Smart Money Index Shows Big Investors Accumulating Bitcoin

Michael Poppe's analysis highlights that these factors reinforce the view that a crash is unlikely. The Smart Money Index also paints a positive picture for Bitcoin.

6. Disproportionate Buying by Large Investors as Market Pessimism Peaks

While the broader market sentiment is filled with fear, large investors are taking advantage of this pessimism to accumulate more Bitcoin. This behavior further negates the possibility of a major crash.

7. Institutions, Large Holders Continue to Support Cryptocurrency

Institutions and large holders are continuing to support the cryptocurrency, their activity combined with the current price consolidation pointing toward Bitcoin’s potential to rebound rather than plummet.

8. Bitcoin Rainbow Chart Shows BTC Nearing Solid Accumulation Phase

The Bitcoin Rainbow Chart offers additional stability. At press time, Bitcoin is trading within the dark green zone, indicating that it's nearing a solid accumulation phase.

9. Historically, Higher Timeframes Show Accumulation Zone as Valuable Buying Opportunity

Historically, this area has proven to be a valuable buying opportunity on higher timeframes. If Bitcoin maintains its current trajectory and respects this indicator, the chances of a market collapse remain minimal.

10. A Drop Below $51K Could Move BTC into a Stronger Accumulation Phase

However, this still supports long-term upward movement. Finally, examining Bitcoin’s Funding Rate reveals another bullish signal. The rate is starting to turn positive.

11. Long Traders Starting to Pay Short Traders, Indicating Confidence in Upward Momentum

This shift suggests that more investors are becoming confident in Bitcoin’s upward momentum and are positioning themselves for potential price gains as shorts continue to close their positions.

The above is the detailed content of Bitcoin (BTC) Price Prediction 2024-2025. For more information, please follow other related articles on the PHP Chinese website!