Bitcoin’s Macro Outlook Paints a Rise to $120,000 in 2025 | Airdrop Alert Pro

Bitcoin has faced challenges in reclaiming the $100,000 support level over the past few days, reflecting the market’s short-term indecision.

However, from a broader macro perspective, BTC is still expected to rise significantly in 2025 as bullish sentiment gradually takes over.

Bitcoin’s new highs may not be that far away

The total cost basis for short-term holders (STH) is currently $86,800, a value that is consistent with Bitcoin current price $94,170. Historically, STH has been sold quickly during periods of price volatility. However, since these investors hold 7.9% of unrealized gains, they are more likely to hold on to the stock as market expectations are biased towards the bullish side.

This cautious optimism stems from growing confidence in Bitcoin’s macro outlook. STH appears poised to maintain its position, supported by market sentiment. As Bitcoin approaches key resistance, the possibility of higher price targets will incentivize holders to avoid premature exits, reinforcing the bullish case for 2025.

Analyst Crypto Rover recently tweeted that Bitcoin’s rebound from $94,000 levels could “create new millionaires.” The resilience shown by this price point, which has been tested repeatedly over the past six weeks, highlights its importance as a key support level.

This ongoing rally has fueled near-term price predictions to $112,000. Bitcoin’s capabilities Sustaining above $94,000 amid increasing buying pressure reflects strong macro momentum. If this trend continues, Bitcoin will break past the previous resistance and target higher benchmarks on its upward trajectory.

Bitcoin Price Prediction: Note the Rise

Bitcoin currently The trade was at $94,060, with the next major target set at $120,000. Looking at the macro time frame, BTC appears to be forming a parabola curveindicating continued bullish momentum. This technical formation is in line with broader expectations for significant growth as 2025 approaches.

The weekly chart supports this outlook, showing BTC establishing a third base between Q2 and Q3 of 2024. This foundation will be crucial in driving Bitcoin higher, potentially taking it above the all-time high (ATH) of $108,384. A continuation of this rally could push Bitcoin above $120,000 in the coming months.

However, risks remain. If STH chooses to sell its shares, Bitcoin may pull back Support was found at $89,586. Losing this level could lead to a further drop to $72,569, invalidating the current bullish outlook. Market conditions in the short term will play a crucial role in determining the direction of Bitcoin.