Analyst: Mid-to-long term indicators in Bitcoin all support a bullish outlook for 2025
Katie Stockton, the founder of Fairlead Strategies, stated that Bitcoin has a bullish momentum in the medium and long term. As time enters 2025, the long-term upward trend of cryptocurrency will continue.
Katie Stockton explained: "Our mid-term indicators show that Bitcoin will move towards higher price levels, supporting its bullish prospects after short-term consolidation. This suggests that severe pullbacks can be avoided. Our long-term indicators rose last month, supporting the bullish outlook for 2025."
According to data from Bloomberg, inflation data has increased bets on another rate cut by the Federal Reserve. Bitcoin rose nearly 5% on Wednesday, its biggest increase in two weeks. It then gave back some gains with a trading price of $100,665 as of Thursday morning at 8:52 Singapore time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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