According to The Block, analysts said that Bitcoin may set a new all-time record, but the price may also see a correction in the short term. Vincent Liu, Chief Investment Officer of Kronos Research, pointed out that Bitcoin is near all-time highs, technically strong, and the price is above the 50 and 200-day moving averages. Rising institutional investor adoption and a positive outlook for 2025 provide a path for it to reach new highs.
However, the Bitcoin Relative Strength Index shows that it is already in the "overbought" area. BTC Markets analyst Rachael Lucas believes that although this does not mean that the price will reverse immediately, there may be a price correction or sideways consolidation in the short term; Bitcoin is backtesting above the key psychological price of $100,000, which will be conducive to further gains. Presto Research analyst Min Jung said that the recent rise in the cryptocurrency market has been driven by optimism about the Sino-US trade talks. At present, there is a rotation phenomenon, and funds are flowing into other cryptocurrencies. He also said that whether Bitcoin can break through the previous high depends on the progress of trade negotiations, and geopolitical tensions remain a key variable.
Analysts: Bitcoin is expected to reach a new all-time high, but a pullback is also possible in the short term
2025-05-12 04:03:20
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
日本首相：日方将采取“万全之策”应对美关税政策
