Bitcoin (BTC) Price Prediction 2024-2025: Will BTC Reclaim ATH?
- 王林Original
- 2024-09-12 12:07:12633browse
Bitcoin's (BTC) recent price action and ongoing liquidations point to potential volatility in the near future. As liquidity builds below key levels
As Bitcoin continues to trade sideways, whale activity is impacting the price significantly. One whale faces liquidation of 488.45 WBTC on Compound, valued at $28 million, with a health rate of 1.07 and a liquidation price of $50,429. This whale was liquidated three times during the 2022 crash, with a total of 74,426 cWBTC, valued at $32.82 million. The liquidation orders below $50,429 could push the Bitcoin price toward this level.
According to Lookonchain, sell-side liquidations are expected to reach $1.07 billion around the $50K mark, with an additional $500 million in sell-side liquidations below $55,000. A three-month heatmap from Coinglass shows higher liquidity on both sides of the market.
On the 4-hour timeframe, Bitcoin has repeatedly failed to break above the 200-day exponential moving average (EMA) in recent weeks, suggesting that BTC could face additional downward pressure. Prices are often attracted to liquidity resting above or below key levels.
Whether BTC trades above or below its moving averages offers insight into market strength or weakness. Bulls need to reclaim these moving averages to trigger a bounce, but sentiment indicates the price might drop further as more liquidity is concentrated at the psychological $50K level.
Historically, Bitcoin tends to return to a balance zone, offering potential for future price growth. The Euphoria Zone metric suggests that the ATH of the previous cycle typically becomes the low for the next rally. Other metrics like the market value/realized value (MVRV) ratio show BTC is heading toward a balance zone—a critical level from which price historically bounces.
Although Bitcoin hasn’t reached these levels yet, analysts predict BTC could dip below $50K, gather liquidity, and then rise to new highs, possibly by late Q4 2024 or early Q1 2025.
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