Santiment names conditions for bitcoin growth to $ 110,000

Santiment analysts predict that bitcoin BTC $98,360.68 Bitcoin -0.02% Market capitalization $1.95 trillion VOL. 24 hours $0.89 billion will reach $ 110,000 when the market least expects it. According to the company, during the Christmas holidays of 2024, the price of the main cryptocurrency rose to $ 99,800, but later rolled back to $ 95,600. This dynamic movement was accompanied by liquidations of futures contracts worth $ 310 million per day.

Experts note that in the past, attempts to reach the desired level of $ 110,000 led to sharp price fluctuations. According to TradingView, the current digital asset market is characterized by high volatility, with the largest losses coming from long positions in bitcoin worth $ 66.7 million.

The previous price high of the cryptocurrency was recorded on December 16, 2024, at $ 107,793. However, after the Fed announced a 25-basis-point interest rate cut, the market fell again. This caused pessimism among investors, which is reflected in the sentiment recorded by Santiment.

Analysts urge traders to take into account historical volatility and be prepared for unexpected market movements. Reaching $ 110,000, in their opinion, remains possible, but it may happen when investors are least prepared for such growth.