The cryptocurrency trading expert, Ali Martinez, warns that Bitcoin may enter a bear market in the coming months despite its current stability above $100,000. Martinez points to historical trends following previous halving cycles, indicating that Bitcoin's market top and subsequent bear market may occur between May and October 2025. However, other experts project a different outcome, with Trader Tardigrade predicting that Bitcoin will hit its peak at the end of March 2025 with a price target of $170,000. The optimism surrounding Bitcoin is fueled by positive regulatory developments under the new US administration, including the exploration of a strategic Bitcoin reserve and the drafting of clearer crypto rules. Technical indicators also suggest a bullish outlook, with Bitcoin surpassing the $100,000 psychological barrier and maintaining strong support at $97,877. It is crucial for Bitcoin to hold above this level to sustain its upward momentum and avoid jeopardizing bullish sentiment. At present, Bitcoin is trading at $104,280, with a modest 1% gain on the weekly chart.



Other News from Today