Alan Santana: Bitcoin may rise to $ 200,000 in January 2025

Cryptocurrency market analysts predict that in January 2025, the price of bitcoin BTC $98,262.97 Bitcoin -0.39% Market capitalization $1.94 trillion VOL. 24 hours $2.4 billion may exceed $ 130,000, with a possible breakout of the $ 155,000 to $ 200,000 range. These predictions follow a long rally that has brought the asset closer to the $ 70,000 resistance level. Famous crypto analyst Alan Santana suggests that BTC may rise due to a long period of accumulation, followed by a rapid increase in value.

According to one scenario, bitcoin could experience a short-term drop to $ 42,000 and then start growing. According to a more optimistic forecast, in the event of economic instability or geopolitical changes, the price could reach up to $ 208,000 in early 2025. Santana also notes that BTC is likely to face peak growth in late 2025, similar to the 2017 rally.

A key factor for this growth is BTC’s technical indicators, in particular the consolidation around the 200-day moving average, which may contribute to future positive dynamics. In addition, Fibonacci retracement levels indicate important support and resistance points for the bitcoin price.

Despite the mostly optimistic forecasts, some analysts are calling for caution, noting a decline in interest in BTC and possible regulatory risks. Analysts argue that if bitcoin can overcome an important resistance level of $ 70,000, it could pave the way for a new all-time high in the coming months.