According to Arcane Research’s lead researcher, Bendik Norheim Schei, there is a definite chance that Bitcoin’s price will soon reach $25,000. To achieve this, the $22.5 thousand level must first be broken.
Will the Bitcoin price rise to 25 thousand dollars?
Verle Lunde, another analyst at Arcane Research, also expects Bitcoin to experience extreme volatility in the near future. At the moment the price is very stable and historically this should change soon. So far, the $18,000 level seems to be a very strong support level, so the chance now seems pretty small that the price will just drop below this level. So things are looking quite positive for the largest cryptocurrencies. Especially now that it has recently regained the $20,000 level.
if the strong price performance continues, there is a good chance that BTC will soon reach the USD 22.5 thousand level and, as we wrote earlier in this article, a breakout above this level could even rally towards the USD 25. thousand dollar level can mean.