As Bitcoin continues to fluctuate around $95,000 while altcoins remain in the red, U.S. data this week is expected to significantly impact the cryptocurrency markets.
Experts are making predictions for cryptocurrencies, especially Bitcoin (BTC)
$94,070, as summer approaches. The anticipation is building among traders for potential market movements.
Bitcoin (BTC) 2025 Predictions
Despite hovering at $95,000, Bitcoin has yet to reclaim this threshold. Analyst Ali Martinez highlights the crucial resistance level of $97,530. This metric suggests that surpassing this area could lead to significant gains in altcoins.
Meanwhile, DaanCrypto argues there is no need to wait long for movement, asserting that breaking the $96,000 level would kickstart the anticipated uptrend. Furthermore, at the time of writing, Ukraine announced its preparedness to sign a mineral agreement with the United States, a development that could introduce supportive news shortly.
“After the congestion and expansion Bitcoin experienced in the mid-80k range last week, we find ourselves in a similar situation. Last week, the price consolidated between $93,000 and $96,000 for much of the time. The moment one side gives in, a significant movement is likely to occur here. Just like last time, when the breakout happens, there aren’t usually any movements you’d want to miss. Due to the compression and high amount of positions on both sides, breaking out generally has enough fuel, reducing the likelihood of a sharp retrace. Therefore, watch for a breakout of the $93,000-$96,000 zone.”
If Bitcoin follows a similar pattern to the previous consolidation, it should break upward to reach six-digit levels again by mid-May.
Targeting $100,000
The first tariff agreement is expected to be signed next week. Moreover, the Federal Reserve is anticipated to commence interest rate cuts in June, with potentially dovish statements due this coming Wednesday. Every moderate statement during this meeting, where no cut is expected, is likely to favorably influence the cryptocurrency markets.
Analyst Jelle pointed toward an approaching breakout in his recent analysis, indicating a trajectory toward $100,000.
“Bitcoin is still trapped within an ascending triangle. Upon breaking out, the technical target is $100,000.”