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Analysts have published a forecast for the value of the bitcoin cryptocurrency in 2025

9:45 am, August 21, 2024

Experts analyzed the possible value of bitcoin in early 2025 using the Bitcoin Rainbow Chart tool. Despite the recent drop below $ 50,000, the cryptocurrency has been stable in the range of $ 58,000-$ 60,000.

Over the past 30 days, the price has dropped by 11.95% due to volatility and selling pressure in early August. However, since the beginning of the year, bitcoin has still shown an increase of 38.53%.

The Bitcoin Rainbow Chart divides the price range into 9 colored zones that reflect investor sentiment. Currently, bitcoin is on the verge of the «still cheap» and «accumulation» zones. Analysts are considering several scenarios for early 2025:

  1. A price below $ 66,199 could indicate a sideways trend or a drop, which would cast doubt on the expectations of the 2024 boom.
  2. Trading above $ 145,265 could lead to volatile growth in early 2025.
  3. A price above $ 187,289 could be a harbinger of a steep decline.
  4. The range of $ 86,032 — $ 113,373 may indicate a new support zone with the potential for further growth.

Experts emphasize that the interpretation of these levels will depend on the general state of the market at that time. The Bitcoin Rainbow Chart is one of many analysis tools and does not guarantee an accurate forecast. Investors are advised to consider various factors when making decisions.

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