CandleFocus CryptoQuant Revises 2025 Bitcoin (BTC) Price Target to $249,000
2025-01-16
Author: Content Editor
Crypto analytics platform CryptoQuant has released its price targets for Bitcoin (BTC) in 2021, suggesting that the cryptocurrency could reach a minimum price peak of $145,000 and a maximum price of $197,000 by the end of the year. The platform also projected a long-term price target of $249,000 by 2025. The analyst behind the projections cited factors such as a pro-crypto administration in the US, potential interest rate reductions, and Bitcoin's four-year cycle as reasons for the optimistic forecasts. Altcoins are also benefitting from the bullish sentiment surrounding Bitcoin, with XRP and Litecoin experiencing price increases.
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