Bitcoin (BTC) Predicted To Hit $159,000: Here's When
Bitcoin (BTC) continues its sideways trajectory. The original cryptocurrency has faced significant hurdles this year. The asset hit an all-time high of $108,786 on Jan. 20, 2025. BTC has faced quite a dip since its peak. BTC’s price is down 0.3% in the weekly charts, 2.3% in the 14-day charts, and 10.7% over the previous month. Despite the dip, the asset has gained 0.4% in the daily charts and 82.5% since February 2024.
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Cryptocurrency Market Continues Heavy Losses
The crypto market faced significant barriers in February 2025. Macroeconomic factors have also held the market down. BTC is struggling to regain the $100,000 price point.
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The latest market dip comes after the Libra memecoin controversy. The project’s connection with Argentine President Javier Milei may have led to a dip in investor sentiment. The President has denied promoting the coin. Bitcoin (BTC) faced considerable outflows after the Libra debacle. Solana (SOL) suffered some of the heaviest losses. The incident is being dubbed as “Libragate.”
Bitcoin Predicted To Hit A New All-Time High
BTC is currently down by 12% from its all-time high. The asset’s price peaked right after Donald Trump’s inauguration. The pro-crypto administration may have led to a bullish outlook for the asset.
According to CoinCodex, Bitcoin (BTC) will rally over the coming months. The platform anticipates the asset to rally 66.35% and hit a new all-time high of $159,214 on May 16.
Also Read: Top 3 Cryptocurrencies To Buy During The Dip
There is also a possibility that BTC will not rally as predicted. Investors may be skeptical about risky assets right now. Inflation needs to decrease in the US, and investor sentiment needs to improve. An interest rate cut could lead to a surge in risky investments.
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